Featured Savings Rates
Featured Accounts

WIT Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.05%5-year CD5 Year CD
1.00%1-year CD12 Month CD
0.05%SavingsShare Account (Savings)

Overview / Commentary
585-454-4580
22 4th St
Rochester, NY 14609-6032

WIT Federal Credit Union is headquartered in Rochester and is the 221st largest credit union in the state of New York. It is also the 3,955th largest credit union in the nation. It was established in 1962 and as of June of 2016, it had grown to 7 employees and 2,748 members at 3 locations. WIT 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 employees of West Irondequoit School District, Bishop Kearney Private School, Christ the King Private School, St. John Neumann Private School, Amalgamated Transit Workers, Local 282, Lift Line, Rochester - Genesee Regional Transportation Authority, Laborers' International Union of North America, Local 435, International Association of Heat and Frost Insulators & Allied Workers, Local 26, Sheet Metal Workers' International Association, Local 46, Teamsters Local 118, Alsco who work in Rochester, NY.
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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. WIT Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #14836
Year Chartered1962
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.29%
Annual Interest Income$317.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$13.1MM$12.1MM
LoansQ2 2016vs Q2 2015$10.5MM$10.0MM
DepositsQ2 2016vs Q2 2015$11.4MM$10.5MM
Equity CapitalQ2 2016vs Q2 2015$1.7MM$1.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$34.00K$44.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$112.00K$201.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

WIT Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Share Account (Savings)
0.05%--Simple IRA Share Account
0.05%--Roth IRA Share Account
0.05%--IRA Share Account

WIT Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$25k*-Money Market Account
OTHER TIERS: 0.20% $1,500 - $10k | 0.40% $10k - $25k

WIT Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$100k*-5 Year CD
OTHER TIERS: 0.55% $1k - $5k | 0.80% $5k - $50k | 0.95% $50k - $100k
1.00%*$100k*-12 Month CD
OTHER TIERS: 0.40% $1k - $5k | 0.75% $5k - $50k | 0.90% $50k - $100k
1.00%*$100k*-3 Year CD
OTHER TIERS: 0.45% $1k - $5k | 0.75% $5k - $50k | 0.90% $50k - $100k
0.95%*$100k*-2 Year CD
OTHER TIERS: 0.35% $1k - $5k | 0.70% $5k - $50k | 0.85% $50k - $100k
0.85%*$100k*-18 Month CD
OTHER TIERS: 0.25% $1k - $5k | 0.60% $5k - $50k | 0.75% $50k - $100k
0.75%*$100k*-6 Month CD
OTHER TIERS: 0.30% $1k - $5k | 0.50% $5k - $50k | 0.65% $50k - $100k
0.75%*$100k*-9 Month CD
OTHER TIERS: 0.30% $1k - $5k | 0.50% $5k - $50k | 0.65% $50k - $100k
0.50%*$100k*-3 Month CD
OTHER TIERS: 0.25% $1k - $50k | 0.40% $50k - $100k

WIT Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$5k-12 Month Simple IRA
0.65%$5k-12 Month IRA
Locations


WIT Federal Credit Union Locations
Branch Office22 4th StRochester, NY 14609-6032
Branch Office1320 Buffalo RdRochester, NY 14624
Branch Office1350 Buffalo RdRochester, NY 14624-1829