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Sidney Federal Credit Union


Overview / Commentary
sfcuonline.org
607-967-7101
42 Union St
Sidney, NY 13838

Sidney Federal Credit Union is headquartered in Sidney and is the 27th largest credit union in the state of New York. It is also the 573rd largest credit union in the nation. It was established in 1949 and as of September of 2020, it had grown to 158 employees and 55,019 members at 9 locations. Sidney Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

sfcu is open to those who live, work, worship, attend school or have immediate family in select counties and towns in New York and Pennsylvania (membership requirements are listed in the credit union's online application).
See current membership details

Reviews (4)

Great banking without the fees

Posted by: |

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.

2

My experience with SFCU

Posted by: |

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.

2

Generally Good Bank Experience

Posted by: |

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.

1

Local Credit Union

Posted by: |

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.

1


Health
A+

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #6011
Year Chartered1949
Employees158
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD6.19%
Annual Interest Income$16.6MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$584.8MM$512.7MM
LoansQ3 2020vs Q3 2019$425.2MM$368.2MM
DepositsQ3 2020vs Q3 2019$504.5MM$432.8MM
Equity CapitalQ3 2020vs Q3 2019$76.1MM$69.7MM
Loan Loss AllowanceQ3 2020vs Q3 2019$4.3MM$4.3MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.4MM$2.7MM
Real Estate OwnedQ3 2020vs Q3 2019$296.00K$158.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

Sidney Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$10k*-Money Management
OTHER TIERS: 0.07% → $2.5k - $5k | 0.10% → $5k - $10k

Sidney Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$5k-Business Dividend Checking
0.10%$2.5k-Consumer Dividend Checking

Sidney Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$100k*-60 Month CD
OTHER TIERS: 0.80% → $500 - $100k
0.80%$500-60 Month HSA CD
0.75%*$100k*-48 Month CD
OTHER TIERS: 0.70% → $500 - $100k
0.70%$500-48 Month HSA CD
0.65%*$100k*-36 Month CD
OTHER TIERS: 0.60% → $500 - $100k
0.60%*$100k*-30 Month CD
OTHER TIERS: 0.55% → $500 - $100k
0.60%$10k-36 Month Variable Rate Adjustable CD
0.60%$500-36 Month HSA CD
0.55%*$100k*-24 Month CD
OTHER TIERS: 0.50% → $500 - $100k
0.50%$10k-24 Month Variable Rate Adjustable CD
0.50%$500-24 Month HSA CD
0.45%*$100k*-18 Month CD
OTHER TIERS: 0.40% → $500 - $100k
0.35%*$100k*-12 Month CD
OTHER TIERS: 0.30% → $500 - $100k
0.30%*$100k*-9 Month CD
OTHER TIERS: 0.25% → $500 - $100k
0.30%$10k-12 Month Variable Rate Adjustable CD
0.30%$500-12 Month HSA CD
0.25%*$100k*-6 Month CD
OTHER TIERS: 0.20% → $500 - $100k
0.20%*$100k*-91 Day CD
OTHER TIERS: 0.15% → $500 - $100k

Sidney Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-60 Month IRA
0.80%$500-60 Month CESA
0.70%$500-48 Month IRA
0.70%$500-48 Month CESA
0.60%$500-36 Month IRA
0.60%$500-36 Month CESA
0.55%$500-30 Month IRA
0.55%$500-30 Month CESA
0.50%$500-24 Month IRA
0.50%$500-24 Month CESA
0.40%$500-18 Month IRA
0.40%$500-18 Month CESA
0.30%$500-12 Month IRA
0.30%$500-12 Month CESA
0.25%$1k-9 Month IRA
0.25%$500-9 Month CESA
0.20%$1k-6 Month IRA
0.20%$500-6 Month CESA
0.15%$1k-91 Day IRA
0.15%$500-91 Day CESA
Locations


Sidney Federal Credit Union Locations
Branch Office42 Union StSidney, NY 13838
Branch Office3 Liberty StWalton, NY 13856
Branch Office65 Genesee StGreene, NY 13778
Branch Office53 Market StOneonta, NY 13820
Branch Office75 Oneida StOneonta, NY 13820
Branch Office16 S Main StBainbridge, NY 13733-1204
Branch Office5900 County Route 32Norwich, NY 13815
Branch Office70 W Front Street ExtHancock, NY 13783-1016
Branch Office5 Main StDelhi, NY 13753

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