Solutions Federal Credit Union


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

Solutions Federal Credit Union is headquartered in Elmira and is the 142nd largest credit union in the state of New York. It is also the 2,626th largest credit union in the nation. It was established in 1952 and as of March of 2025, it had grown to 8 employees and 3,445 members at 1 location. Solutions Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Solutions Credit Union is open to those who live or work in the City or Town of Elmira and the townships of Southport and Ashland. Membership eligibility also extends to family members, and employees of the credit union.
See current membership details

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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 - YTD1.19%
Return on Equity - YTD9.83%
Annual Interest Income$529K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$40.4MM$38.1MM
LoansQ1 2025vs Q1 2024$18.1MM$17.4MM
DepositsQ1 2025vs Q1 2024$35.5MM$33.7MM
Equity CapitalQ1 2025vs Q1 2024$4.8MM$4.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$53K$54K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$5K$24K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Solutions Federal Credit Union are currently being reviewed.

Locations


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

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