Sidney Federal Credit Union

Overview / Commentary
42 Union St
Sidney, NY 13838

Sidney Federal Credit Union is headquartered in Sidney and is the 25th largest credit union in the state of New York. It is also the 514th largest credit union in the nation. It was established in 1949 and as of December of 2022, it had grown to 191 employees and 65,416 members at 10 locations. Sidney Federal Credit Union has an A 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.
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.

My experience with SFCU

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.

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.

Local Credit Union

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.


Health Grade Components

NCUA #6011
Year Chartered1949
Primary Regulator
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD9.45%
Annual Interest Income$30.1MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$815.8MM$690.2MM
LoansQ4 2022vs Q4 2021$663.0MM$491.0MM
DepositsQ4 2022vs Q4 2021$704.2MM$602.3MM
Equity CapitalQ4 2022vs Q4 2021$80.9MM$83.6MM
Loan Loss AllowanceQ4 2022vs Q4 2021$4.5MM$5.1MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$5.9MM$3.5MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0

Rates for Sidney Federal Credit Union are currently being reviewed.


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

Amsterdam Branches
Branch Office4839 State Highway 30Amsterdam, NY 12010

Bainbridge Branches
Branch Office16 S Main StBainbridge, NY 13733-1263

Delhi Branches
Branch Office5 Main StDelhi, NY 13753

Greene Branches
Branch Office65 Genesee StGreene, NY 13778

Hancock Branches
Branch Office70 W Front Street ExtHancock, NY 13783-1016

Norwich Branches
Branch Office5900 County Route 32Norwich, NY 13815

Oneonta Branches
Branch Office53 Market StOneonta, NY 13820
Branch Office75 Oneida StOneonta, NY 13820

Sidney Branches
Branch Office42 Union StSidney, NY 13838

Walton Branches
Branch Office3 Liberty StWalton, NY 13856

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