Overview / Commentary
150 Defreest Dr
Troy, NY 12180

School Systems Federal Credit Union is headquartered in Troy and is the 80th largest credit union in the state of New York. It is also the 1,721st largest credit union in the nation. It was established in 1954 and as of December of 2018, it had grown to 15 employees and 5,722 members at 2 locations. School Systems Federal Credit Union's money market rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Averill Park School District, East Greenbush Central School District, Latham Christian Academy, Berlin School District Menands Union-Free School, Albany College of Pharmacy, Siena College, and other select organizations.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. School Systems Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #9486
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD6.01%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$88.7MM$84.8MM
LoansQ4 2018vs Q4 2017$34.4MM$32.2MM
DepositsQ4 2018vs Q4 2017$81.4MM$78.1MM
Equity CapitalQ4 2018vs Q4 2017$7.0MM$6.6MM
Loan Loss AllowanceQ4 2018vs Q4 2017$50.00K$33.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$492.00K$619.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

School Systems Federal Credit Union Savings Account Rates

0.85%*$50k*-Traditional Individual Retirement Account
OTHER TIERS: 0.30% Up to $2.5k | 0.55% $2.5k - $10k | 0.65% $10k - $25k | 0.70% $25k - $50k
0.30%--Education Individual Retirement Share Account
0.25%--Regular Savings Account
0.25%--Summer Share Account
0.25%--Vacation Share Account
0.25%--Holiday Club Account
0.25%$5-Secured Share Account

School Systems Federal Credit Union Money Market Rates

1.30%*$150k*-Money Market Account
OTHER TIERS: 0.50% $2k - $10k | 0.60% $10k - $25k | 0.65% $25k - $50k | 0.80% $50k - $150k

School Systems Federal Credit Union CD Rates

2.73%$500-60 Month Share Certificate
2.68%$500-48 Month Share Certificate
2.63%$500-36 Month Share Certificate
2.58%$500-30 Month Share Certificate
2.53%$500-24 Month Share Certificate
2.43%$500-18 Month Share Certificate
2.42%$500-15 Month Share Certificate Special
1.71%$500-12 Month Share Certificate
0.85%$500-6 Month Share Certificate
0.80%$500-3 Month Share Certificate

School Systems Federal Credit Union Locations
Branch Office325 Washington Avenue ExtAlbany, NY 12205-5581
Branch Office150 Defreest DrTroy, NY 12180

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