Solutions Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.62%	1-year CD	12 Month Share Certificate 1.40% - Synchrony Bank 12 Month CD
0.21%	Savings	Share Account 1.20% - Synchrony Bank High Yield Savings
0.50%	Money Market	Money Market Account 0.85% - Ally Bank Money Market Account

View all Solutions Federal Credit Union rates »

Overview / Commentary

solutionscu.org

607-734-7144

907 Broadway St
Elmira, NY 14904-2501

Solutions Federal Credit Union is headquartered in Elmira and is the 172^nd largest credit union in the state of New York. It is also the 3,242^nd largest credit union in the nation. It was established in 1952 and as of March of 2017, it had grown to 7 employees and 3,796 members at 1 location. Solutions Federal Credit Union's money market rates are 14% higher than 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

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Health

B

Data as of Q1 2017

Learn why bank health matters

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 Chartered	1952
Employees	7
Primary Regulator

Profit Margin
Return on Assets - YTD	0.17%
Return on Equity - YTD	1.62%
Annual Interest Income	$208.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$23.8MM$23.4MM
Loans	Q1 2017vs Q1 2016	$15.7MM$14.8MM
Deposits	Q1 2017vs Q1 2016	$21.3MM$21.0MM
Equity Capital	Q1 2017vs Q1 2016	$2.5MM$2.4MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$67.00K$48.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$44.00K$135.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Savings
Money Market
CD
IRA

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Solutions Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	-	-	IRA Share Account
0.21%	-	$5k	Share Account
0.21%	-	-	Christmas Club
0.21%	-	-	Vacation Club
0.21%	-	-	Miscellaneous Club

Solutions Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%	$2,500	-	Money Market Account

Solutions Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.72%	$1k	-	18 Month Share Certificate
0.62%	$1k	-	12 Month Share Certificate
0.52%	$1k	-	6 Month Share Certificate

Solutions Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.72%	$1k	-	18 Month IRA Certificate
0.62%	$1k	-	12 Month IRA Certificate
0.52%	$1k	-	6 Month IRA Certificate

Locations

Solutions Federal Credit Union Locations
Branch Office	907 Broadway St	Elmira, NY 14904-2501