Featured Savings Rates
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WIT Federal Credit Union

Popular Accounts at this Credit Union

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

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

WIT Federal Credit Union is headquartered in Rochester and is the 186th largest credit union in the state of New York. It is also the 3,549th largest credit union in the nation. It was established in 1962 and as of December of 2016, it had grown to 10 employees and 4,111 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.
See current membership details


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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

NCUA #14836
Year Chartered1962
Primary Regulator
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.19%
Annual Interest Income$845.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$18.2MM$12.7MM
LoansQ4 2016vs Q4 2015$14.5MM$10.6MM
DepositsQ4 2016vs Q4 2015$16.1MM$11.1MM
Equity CapitalQ4 2016vs Q4 2015$2.1MM$1.6MM
Loan Loss AllowanceQ4 2016vs Q4 2015$81.00K$53.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$169.00K$203.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
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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

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

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

WIT Federal Credit Union CD Rates

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

0.75%$5k-12 Month Simple IRA
0.75%$5k-12 Month IRA

WIT Federal Credit Union Locations
Branch Office22 4th StRochester, NY 14609-6032
Branch Office200 Perrin DrRochester, NY 14622
Branch Office1350 Buffalo RdRochester, NY 14624-1829