Sidney Federal Credit Union

Overview / Commentary
42 Union St
Sidney, NY 13838

Sidney Federal Credit Union is headquartered in Sidney and is the 24th largest credit union in the state of New York. It is also the 453rd largest credit union in the nation. It was established in 1949 and as of March of 2024, it had grown to 205 employees and 70,477 members at 12 locations. Sidney Federal Credit Union's CD rates are 5X the national average, and it 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 - YTD0.29%
Return on Equity - YTD2.97%
Annual Interest Income$13MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$983.4MM$834.7MM
LoansQ1 2024vs Q1 2023$736MM$674.7MM
DepositsQ1 2024vs Q1 2023$881.1MM$749.6MM
Equity CapitalQ1 2024vs Q1 2023$93.2MM$81.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$9MM$6.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$5.5MM$4.1MM
Real Estate OwnedQ1 2024vs Q1 2023$287K$0
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* 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

0.50%*$5k*-Variable Rate HSA Checking
OTHER TIERS: 0.10% $100 - $500 | 0.30% $500 - $5k
0.05%$100-Share Savings
0.05%$0-Escrow (SFCU mortgages)
0.05%$5-IRA Savings
0.05%$5-CESA Savings
0.05%$100-Business Share Savings

Sidney Federal Credit Union Money Market Rates

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

3.04%*$0$100kPlatinum Checking
OTHER TIERS: 0.10% $100k+
2.02%*$0$10kGold 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

4.50%*$100k*-12 Month CD
OTHER TIERS: 4.25% $500 - $100k
4.50%*$100k*-18 Month CD
OTHER TIERS: 4.25% $500 - $100k
4.50%*$100k*-Business 12 Month CD
OTHER TIERS: 4.25% $500 - $100k
4.50%*$100k*-Business 18 Month CD
OTHER TIERS: 4.25% $500 - $100k
4.40%*$100k*-6 Month CD
OTHER TIERS: 4.15% $500 - $100k
4.40%*$100k*-9 Month CD
OTHER TIERS: 4.15% $500 - $100k
4.40%*$100k*-Business 6 Month CD
OTHER TIERS: 4.15% $500 - $100k
4.40%*$100k*-Business 9 Month CD
OTHER TIERS: 4.15% $500 - $100k
4.25%*$100k*-91 Day CD
OTHER TIERS: 4.00% $500 - $100k
4.25%*$100k*-24 Month CD
OTHER TIERS: 4.00% $500 - $100k
4.25%*$100k*-30 Month CD
OTHER TIERS: 4.00% $500 - $100k
4.25%$10k-12 Month Variable Rate Adjustable CD
4.25%$500-12 Month HSA CD
4.25%*$100k*-Business 91 Day CD
OTHER TIERS: 4.00% $500 - $100k
4.25%*$100k*-Business 24 Month CD
OTHER TIERS: 4.00% $500 - $100k
4.25%*$100k*-Business 30 Month CD
OTHER TIERS: 4.00% $500 - $100k
4.25%$10k-Business 12 Month Variable Rate Adjustable CD
4.00%$10k-24 Month Variable Rate Adjustable CD
4.00%$500-24 Month HSA CD
4.00%$10k-Business 24 Month Variable Rate Adjustable CD
3.75%*$100k*-60 Month CD
OTHER TIERS: 3.50% $500 - $100k
3.75%*$100k*-Business 60 Month CD
OTHER TIERS: 3.50% $500 - $100k
3.50%*$100k*-36 Month CD
OTHER TIERS: 3.25% $500 - $100k
3.50%*$100k*-48 Month CD
OTHER TIERS: 3.25% $500 - $100k
3.50%$500-60 Month HSA CD
3.50%*$100k*-Business 36 Month CD
OTHER TIERS: 3.25% $500 - $100k
3.50%*$100k*-Business 48 Month CD
OTHER TIERS: 3.25% $500 - $100k
3.25%$10k-36 Month Variable Rate Adjustable CD
3.25%$500-36 Month HSA CD
3.25%$500-48 Month HSA CD
3.25%$10k-Business 36 Month Variable Rate Adjustable CD

Sidney Federal Credit Union IRA Rates

4.25%$500-12 Month IRA
4.25%$500-18 Month IRA
4.25%$500-12 Month CESA
4.25%$500-18 Month CESA
4.15%$1k-6 Month IRA
4.15%$1k-9 Month IRA
4.15%$500-6 Month CESA
4.15%$500-9 Month CESA
4.00%$500-91 Day IRA
4.00%$500-24 Month IRA
4.00%$500-30 Month IRA
4.00%$500-91 Day CESA
4.00%$500-24 Month CESA
4.00%$500-30 Month CESA
3.50%$500-60 Month IRA
3.50%$500-60 Month CESA
3.25%$500-36 Month IRA
3.25%$500-48 Month IRA
3.25%$500-36 Month CESA
3.25%$500-48 Month CESA


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