Solutions Federal Credit Union
LOCATIONS
1
View locations
HEALTH RATING
B+
View health report
CURRENT TOP RATE
1.52% APY
18 Month Share Certificate
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.27% | 1-year CD | |
| 0.51% | Savings | |
| 1.02% | Money Market |
Overview / Commentary
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.
See current membership details
Health
B+
Data as of Q2 2018
Learn why bank health mattersAdditional 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 Chartered | 1952 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 6.08% |
| Annual Interest Income | $483.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $25.0MM$23.7MM |
| Loans | Q2 2018vs Q2 2017 | $17.3MM$16.0MM |
| Deposits | Q2 2018vs Q2 2017 | $22.3MM$21.2MM |
| Equity Capital | Q2 2018vs Q2 2017 | $2.7MM$2.5MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $67.00K$68.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $51.00K$8.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Rates
Skip to rates for:
Report an Issue
Always verify rates and promotions with the bank or credit union. We are not Solutions Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Solutions Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.02% | $2.5k | - | Money Market |
Solutions Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.52% | $1k | - | 18 Month Share Certificate | |
| 1.27% | $1k | - | 12 Month Share Certificate | |
| 1.02% | $1k | - | 6 Month Share Certificate |
Locations
| Solutions Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 907 Broadway St | Elmira, NY 14904-2501 |