Sidney Federal Credit Union

Overview / Commentary

607-967-7101

42 Union St
Sidney, NY 13838

Sidney Federal Credit Union is headquartered in Sidney and is the 25^th largest credit union in the state of New York. It is also the 491^st largest credit union in the nation. It was established in 1949 and as of June of 2023, it had grown to 194 employees and 66,967 members at 10 locations. Sidney Federal Credit Union's CD rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in sfcu is open to those who live, work, or attend school in the New York counties of Broome, Chenango, Cortland, Delaware, Essex, Fulton, Hamilton, Herkimer, Madison, Montgomery, Oneida, Onondaga, Ostego, or Schoharie.
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Reviews (4)

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Great banking without the fees

Posted by: Beck | Jun 12, 2015

I've been with this credit union for years. All fees are reasonable and far less than any other banking institution I've been with. I didn't realize how good I had it til I signed up with a bank in college. The amount of fees at a typical bank is horrifying. It was such a relief to go back to SFCU after college.

The staff is always friendly and helpful. Even when I called their main office, they were able to help me in a timely manner. Their hours might leave something to be desired, but I live in the middle of nowhere, so that's to be expected.

The site is straight forward and simple. I haven't noticed any downtime so far. The user interface could use a little make over, but functionally it works fine.

Comment

My experience with SFCU

Posted by: jodibrock1 | Jan 10, 2018

I have been using SFCU for my banking for almost 10 years. They are a small, locally run bank that cares a lot about the community. They typically have smaller fees than the bigger banks do, but they offer all of the same services. I have a checking and savings account through them, and have used them in the past to get an auto loan. They are always helpful when i have questions and I never have to wait long to receive assistance. The only thing i would say could be improves would be there website. There have been times when the site is down or that i am unable tolog in and it hinders what i have been trying to do. Overall, SFCU is a good place to do your banking.

Comment

Generally Good Bank Experience

Posted by: OwlHead | Dec 2, 2016

The Sidney Federal Credit Union is, overall, a good bank. Generally, I have used this credit union for regular checking accounts, savings accounts, a mortgage account, as well as opening up a home equity line there. I do not like fees associated with the accounts, however, overall customer service has been generally fine. Sometimes there can be a high turnover rate. Generally, the employees appear pleasant, smiling, and helpful. The hours are okay, but could be a little better given that a lot of people begin work early in the morning and are not done with work until later on, perhaps after they are already closed. Of course, they follow the general guidelines for being closed on Federal holidays. Some of the branches of this credit union are open on Saturdays, while others do not appear to be open. Overall, it is a decent experience there.

Comment

Local Credit Union

Posted by: jenniesalazar | Mar 29, 2018

I no longer do my day to day banking with the credit union because mistakes were made (and actually still are sometimes with the credit card I still hold with the establishment) Their branches are nice and clean, but I have had a lot of problems with their online/ mobile banking. I was constantly calling to unlock my account when my password questions were not accepted. Etc. Their customer service is good, but they go through tellers constantly so don't often see the same face. Leads to them not really knowing you or your needs. Their fees are low, and they are good about giving them back if there is a mistake, I just needed something different for day to day.

Comment

Health

B+

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #	6011
Year Chartered	1949
Employees	194
Primary Regulator

Profit Margin
Return on Assets - YTD	0.63%
Return on Equity - YTD	6.59%
Annual Interest Income	$19.4MM

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$865.0MM$717.5MM
Loans	Q2 2023vs Q2 2022	$678.7MM$555.8MM
Deposits	Q2 2023vs Q2 2022	$779.6MM$629.6MM
Equity Capital	Q2 2023vs Q2 2022	$81.5MM$80.1MM
Loan Loss Allowance	Q2 2023vs Q2 2022	$0$4.6MM
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$5.3MM$4.2MM
Real Estate Owned	Q2 2023vs Q2 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Sidney Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Sidney Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$5k^*	-	Variable Rate HSA Checking
OTHER TIERS: 0.10% → $100 - $500 \| 0.30% → $500 - $5k
0.05%	$100	-	Share Savings
0.05%	-	-	Escrow (SFCU mortgages)
0.05%	-	-	Club
0.05%	$5	-	IRA Savings
0.05%	$5	-	CESA Savings
0.05%	$100	-	Business Share Savings

Sidney Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%^*	$150k^*	-	Business Money Management
OTHER TIERS: 0.07% → $2.5k - $5k \| 0.10% → $5k - $10k \| 0.15% → $10k - $150k
0.15%^*	$10k^*	-	Money Management
OTHER TIERS: 0.07% → $2.5k - $5k \| 0.10% → $5k - $10k

Sidney Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.04%^*	-	$100k	Platinum Checking
OTHER TIERS: 0.10% → $100k+
2.02%^*	-	$10k	Gold Checking
OTHER TIERS: 0.10% → $10k+
0.25%	$5k	-	Business Dividend Checking
0.10%	$2.5k	-	Consumer Dividend Checking

Sidney Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.07%^*	$100k^*	-	24 Month CD
OTHER TIERS: 3.82% → $500 - $100k
4.07%^*	$100k^*	-	Business 24 Month CD
OTHER TIERS: 3.82% → $500 - $100k
3.82%	$10k	-	24 Month Variable Rate Adjustable CD
3.82%	$500	-	24 Month HSA CD
3.82%	$10k	-	Business 24 Month Variable Rate Adjustable CD
3.56%^*	$100k^*	-	18 Month CD
OTHER TIERS: 3.30% → $500 - $100k
3.30%^*	$100k^*	-	12 Month CD
OTHER TIERS: 3.04% → $500 - $100k
3.30%^*	$100k^*	-	60 Month CD
OTHER TIERS: 3.04% → $500 - $100k
3.30%^*	$100k^*	-	Business 18 Month CD
OTHER TIERS: 3.04% → $500 - $100k
3.30%^*	$100k^*	-	Business 60 Month CD
OTHER TIERS: 3.04% → $500 - $100k
3.04%^*	$100k^*	-	48 Month CD
OTHER TIERS: 2.78% → $500 - $100k
3.04%	$10k	-	12 Month Variable Rate Adjustable CD
3.04%	$500	-	12 Month HSA CD
3.04%	$500	-	60 Month HSA CD
3.04%^*	$500^*	$100k	Business 12 Month CD
OTHER TIERS: 2.53% → $100k+
3.04%^*	$100k^*	-	Business 48 Month CD
OTHER TIERS: 2.78% → $500 - $100k
3.04%	$10k	-	Business 12 Month Variable Rate Adjustable CD
2.78%^*	$100k^*	-	36 Month CD
OTHER TIERS: 2.53% → $500 - $100k
2.78%	$500	-	48 Month HSA CD
2.78%^*	$100k^*	-	Business 36 Month CD
OTHER TIERS: 2.53% → $500 - $100k
2.78%^*	$100k^*	-	Business 9 Month CD Special - New Money
OTHER TIERS: 2.53% → $500 - $100k
2.53%^*	$100k^*	-	6 Month CD
OTHER TIERS: 2.27% → $500 - $100k
2.53%^*	$100k^*	-	30 Month CD
OTHER TIERS: 2.27% → $500 - $100k
2.53%	$10k	-	36 Month Variable Rate Adjustable CD
2.53%	$500	-	36 Month HSA CD
2.53%^*	$100k^*	-	Business 6 Month CD
OTHER TIERS: 2.27% → $500 - $100k
2.53%^*	$100k^*	-	Business 30 Month CD
OTHER TIERS: 2.27% → $500 - $100k
2.53%	$10k	-	Business 36 Month Variable Rate Adjustable CD
2.27%^*	$100k^*	-	91 Day CD
OTHER TIERS: 2.02% → $500 - $100k
2.27%^*	$100k^*	-	Business 91 Day CD
OTHER TIERS: 2.02% → $500 - $100k

Sidney Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.82%	$500	-	24 Month IRA
3.82%	$500	-	24 Month CESA
3.30%	$500	-	18 Month IRA
3.30%	$500	-	18 Month CESA
3.04%	$500	-	12 Month IRA
3.04%	$500	-	12 Month CESA
3.04%	$500	-	60 Month IRA
3.04%	$500	-	60 Month CESA
2.78%	$500	-	48 Month IRA
2.78%	$500	-	48 Month CESA
2.53%	$1k	-	9 Month IRA
2.53%	$500	-	36 Month IRA
2.53%	$500	-	9 Month CESA
2.53%	$500	-	36 Month CESA
2.27%	$1k	-	6 Month IRA
2.27%	$500	-	30 Month IRA
2.27%	$500	-	6 Month CESA
2.27%	$500	-	30 Month CESA
2.02%	$1k	-	91 Day IRA
2.02%	$500	-	91 Day CESA

Locations

Cities: Amsterdam, Bainbridge, Delhi, Greene, Hancock, Norwich, Oneonta, Sidney, Walton

Amsterdam Branches
Branch Office	4839 State Highway 30	Amsterdam, NY 12010

Bainbridge Branches
Branch Office	16 S Main St	Bainbridge, NY 13733-1263

Delhi Branches
Branch Office	5 Main St	Delhi, NY 13753

Greene Branches
Branch Office	65 Genesee St	Greene, NY 13778

Hancock Branches
Branch Office	70 W Front Street Ext	Hancock, NY 13783-1016

Norwich Branches
Branch Office	5900 County Route 32	Norwich, NY 13815

Oneonta Branches
Branch Office	53 Market St	Oneonta, NY 13820
Branch Office	75 Oneida St	Oneonta, NY 13820

Sidney Branches
Branch Office	42 Union St	Sidney, NY 13838

Walton Branches
Branch Office	3 Liberty St	Walton, NY 13856

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