Featured Savings Rates
Featured Accounts

Solutions Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.62%1-year CD12 Month Share Certificate
0.21%SavingsShare Account
0.50%Money MarketMoney Market Account

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

Solutions Federal Credit Union is headquartered in Elmira and is the 172nd largest credit union in the state of New York. It is also the 3,262nd largest credit union in the nation. It was established in 1952 and as of December of 2016, it had grown to 7 employees and 3,757 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
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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.43%
Annual Interest Income$828.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$23.0MM$22.4MM
LoansQ4 2016vs Q4 2015$15.7MM$14.3MM
DepositsQ4 2016vs Q4 2015$20.5MM$20.1MM
Equity CapitalQ4 2016vs Q4 2015$2.5MM$2.4MM
Loan Loss AllowanceQ4 2016vs Q4 2015$66.00K$52.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$40.00K$67.00K
Real Estate OwnedQ4 2016vs Q4 2015$12.00K$0
Rates
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Solutions Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%--Roth IRA Share Account
0.60%--IRA Share Account
0.21%-$5kShare Account
0.21%--Christmas Club
0.21%--Vacation Club
0.21%--Miscellaneous Club

Solutions Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2,500-Money Market Account

Solutions Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office907 Broadway StElmira, NY 14904-2501