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First Source Credit Union Share
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Overview Share
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First Source Credit Union is a federal credit union based in New Hartford, New York. It has been opened since 1938, for 84 years.

With around $587,960,000 in assets, First Source Credit Union is considered to be a very large credit union.

About Share
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Address 4451 Commercial Drive
New Hartford, New York 13413
Website http://www.fsource.org
Phone (315) 735-8571
Fax (315) 735-1552
CEO Thomas Neumann
President of the Board Robert Jubenville
Services Offered
Score Card Share
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84 years
Years in business
Opened in 1938
Well Capitalized
Net worth classification
Source: NCUA
48,082 members
Membership type: Community credit union
Above average number of members
316:1
Credit union member to staff ratio
316 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$587,964,070
Total assets
Above average
5 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.30%
Savings interest rate
Compared to 0.3% nationally
9.17%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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5 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
First Source Credit Union Branch Locations

First Source Federal Credit Union
50 Auert Avenue
Utica, New York 13502
No ATM
First Source Federal Credit Union
1822 Black River Boulevard North
Rome, New York 13440
No ATM
First Source Federal Credit Union
510 W. State Street
Herkimer, New York 13350
No ATM
First Source Federal Credit Union
1634 Genesee Street
Utica, New York 13502
No ATM
First Source Federal Credit Union
4451 Commercial Drive
New Hartford, New York 13413
No ATM
Members Share
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48,082 members
Membership type: Community credit union
Above average number of members

With 48,082 members, the First Source Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 91% of credit unions.

Fees Share
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$72
Average fee per member
The average fee per member at the First Source Credit Union is $72, which is high compared to most credit unions. This rate is higher than 68% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the First Source Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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316:1
Credit union member to staff ratio
316 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
152 staff members
FTE (full-time equivalent)
11% of employees are part-time
143 full-time, 18 part-time

First Source Credit Union has 143 full-time staff members and 18 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 89% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. First Source Credit Union has around 316 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$587,964,070
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
10.7%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$12,803
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 69% of credit unions.

First Source Credit Union holds a total of $544,370,000 in loans and leases, which is about $12,803 per member on average.

Savings interest rate Share
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0.30%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. First Source Credit Union pays 0.30%.

Loan rates Share
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9.17%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.56%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.65%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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4.60%
New car loan rate
Compared to 4.0% nationally
8.47%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.86%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.73%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.68%
Other real estate loan rates
Compared to 0.9% nationally

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First Source Federal Credit Union
Credit Union Branch: 50 Auert Avenue
Utica, New York 13502 No ATM
First Source Federal Credit Union
Credit Union Branch: 1634 Genesee Street
Utica, New York 13502 No ATM
First Source Federal Credit Union
Credit Union Branch: 4451 Commercial Drive
New Hartford, New York 13413 No ATM
First Source Federal Credit Union
Credit Union Branch: 1822 Black River Boulevard North
Rome, New York 13440 No ATM
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Credit Union Branch: 510 W. State Street
Herkimer, New York 13350 No ATM
First Source Credit Union
Credit Union: Well Capitalized New Hartford, New York 48082.0 $588 million Well Capitalized
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