Overview / Commentary
607-734-7144
907 Broadway St
Elmira, NY 14904-2501

Solutions Federal Credit Union is headquartered in Elmira and is the 166th largest credit union in the state of New York. It is also the 3,111th largest credit union in the nation. It was established in 1952 and as of September of 2018, it had grown to 8 employees and 3,789 members at 1 location. Solutions Federal Credit Union's money market rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in the townships of Ashland, Elmira, or Southport.
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Health
B+
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. Solutions Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #7846
Year Chartered1952
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD6.59%
Annual Interest Income$742.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$25.0MM$23.6MM
LoansQ3 2018vs Q3 2017$17.0MM$16.5MM
DepositsQ3 2018vs Q3 2017$22.2MM$21.0MM
Equity CapitalQ3 2018vs Q3 2017$2.8MM$2.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$40.00K$63.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$34.00K$29.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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Solutions Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.52%--IRA Accounts
0.51%$100-Share Account
0.51%--Christmas Club
0.51%--Vacation Club
0.51%--Miscellaneous Club

Solutions Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.02%$2.5k-Money Market

Solutions Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.78%$1k-18 Month Share Certificate
1.53%$1k-12 Month Share Certificate
1.27%$1k-6 Month Share Certificate
Locations


Solutions Federal Credit Union Locations
Branch Office907 Broadway StElmira, NY 14904-2501

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