Overview / Commentary
TruNorthern Federal Credit Union is headquartered in Malone and is the 98th largest credit union in the state of New York. It is also the 2,002nd largest credit union in the nation. It was established in 1972 and as of June of 2021, it had grown to 14 employees and 5,210 members at 1 location. TruNorthern Federal Credit Union has an A health rating.
Field of Membership Restrictions
TruNorthern Federal Credit Union is open to anyone who lives, works, worships, or goes to school in Clinton, Essex, Franklin, or St. Lawrence County.
See current membership details
Health
A
Data as of Q2 2021
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. TruNorthern Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 21026 |
| Year Chartered | 1972 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.72% |
| Return on Equity - YTD | 6.15% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $82.7MM$73.0MM |
| Loans | Q2 2021vs Q2 2020 | $36.3MM$35.9MM |
| Deposits | Q2 2021vs Q2 2020 | $72.4MM$63.6MM |
| Equity Capital | Q2 2021vs Q2 2020 | $9.6MM$9.3MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $76.00K$100.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $121.00K$54.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |