State CS Employees Federal Credit Union
Overview / Commentary
315-785-2400
4th Floor, Dulles State Office Building 317 Washington St.
Watertown, NY 13601
Watertown, NY 13601
State CS Employees Federal Credit Union is headquartered in WATERTOWN and is the 139th largest credit union in the state of New York. It is also the 2,586th largest credit union in the nation. It was established in 1964 and as of March of 2025, it had grown to 10 employees and 2,782 members at 2 locations. State CS Employees Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
State CS Employees Federal Credit Union offers membership to employees and retirees of the City of Watertown, New York State Civil Service and Watertown City School District .
See current membership details
Health
B+
Data as of Q1 2025
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. State CS Employees Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 16207 |
| Year Chartered | 1964 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.84% |
| Return on Equity - YTD | 19.46% |
| Annual Interest Income | $628K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $42.2MM$38.1MM |
| Loans | Q1 2025vs Q1 2024 | $34.8MM$31.2MM |
| Deposits | Q1 2025vs Q1 2024 | $38.1MM$34.6MM |
| Equity Capital | Q1 2025vs Q1 2024 | $3.9MM$3.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $355K$364K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $63K$104K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |