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

Solutions Federal Credit Union is headquartered in Elmira and is the 171st largest credit union in the state of New York. It is also the 3,134th largest credit union in the nation. It was established in 1952 and as of June of 2018, it had grown to 8 employees and 3,805 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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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

NCUA #7846
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD6.08%
Annual Interest Income$483.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$25.0MM$23.7MM
LoansQ2 2018vs Q2 2017$17.3MM$16.0MM
DepositsQ2 2018vs Q2 2017$22.3MM$21.2MM
Equity CapitalQ2 2018vs Q2 2017$2.7MM$2.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$67.00K$68.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$51.00K$8.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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Solutions Federal Credit Union Savings Account Rates

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

1.02%$2.5k-Money Market

Solutions Federal Credit Union CD Rates

1.52%$1k-18 Month Share Certificate
1.27%$1k-12 Month Share Certificate
1.02%$1k-6 Month Share Certificate

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

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