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Morton Lane Credit Union Share
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Overview Share
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Morton Lane Credit Union is a federal credit union based in Buffalo, New York. It has been opened since 1962, for 60 years.

With around $46,300,000 in assets, Morton Lane Credit Union is considered to be an average size credit union. It has 6 branches and 4 ATM locations.

About Share
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Address 388 Englewood Avenue
Buffalo, New York 14223
Website http://www.mortonlanedirect.com
Phone (716) 837-2007
Fax (716) 837-0174
CEO Judith Bleichfeld
President of the Board Marsha Jurkowski
Services Offered
Score Card Share
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60 years
Years in business
Opened in 1962
Well Capitalized
Net worth classification
Source: NCUA
4,264 members
Membership type: Multiple common bond – primary educational
Average number of members
474:1
Credit union member to staff ratio
474 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$46,299,728
Total assets
Average size
6 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.75%
Savings interest rate
Compared to 0.3% nationally
8.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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6 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
Morton Lane Credit Union Branch Locations

Morton Lane Credit Union: Sunyab
Ub Commons Rm 108
Amherst, New York 14260
No ATM
Morton Lane Credit Union: Sunyab Obrian
North Campus
Obrian Room 218
Amherst, New York 14260
No ATM
Morton Lane Credit Union: Buffalo State College
1300 Elmwood Avenue
Classroom Building A105
Buffalo, New York 14222
No ATM
Morton Lane Credit Union: Bufflao State College
1300 Elmwood Avenue
Classroom Building A105
Buffalo, New York 14222
No ATM
Morton R. Lane Federal Credit Union
388 Englewood Avenue
Buffalo, New York 14223
No ATM
Morton Lane Credit Union: Roswell Park
Elm and Carlton Street
Parking Ramp - Street Level
Buffalo, New York 14263
No ATM
Morton R. Lane Federal Credit Union
388 Englewood Avenue
Buffalo, New York 14223
No ATM
Morton Lane Credit Union: Sunyab
North Campus
Crofts Hall Rom 326
Amherst, New York 14260
No ATM
Members Share
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4,264 members
Membership type: Multiple common bond – primary educational
Average number of members

With 4,264 members, the Morton Lane Credit Union is considered to be a medium size credit union. It is larger than 53% of credit unions.

Fees Share
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$39
Average fee per member
The average fee per member at the Morton Lane Credit Union is $39, which is comparable to most credit unions. This rate is lower than 58% of all credit unions.
Fees are 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 Morton Lane Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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474:1
Credit union member to staff ratio
474 per each FTE employee
Compared to 411:1 nationally
Fewer staff
9 staff members
FTE (full-time equivalent)
20% of employees are part-time
8 full-time, 2 part-time

Morton Lane Credit Union has 8 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 80% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Morton Lane Credit Union has around 474 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$46,299,728
Total assets
Average size
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.
13.7%
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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$9,838
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 47% of credit unions.

Morton Lane Credit Union holds a total of $20,490,000 in loans and leases, which is about $9,838 per member on average.

Savings interest rate Share
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0.75%
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. Morton Lane Credit Union pays 0.75%.

Loan rates Share
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8.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
6.75%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.25%
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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3.25%
New car loan rate
Compared to 4.0% nationally
4.25%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.26%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Similar Credit Unions to Morton Lane Credit Union

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Morton Lane Credit Union: Sunyab
Credit Union Branch: North Campus
Crofts Hall Rom 326
Amherst, New York 14260 No ATM
Morton Lane Credit Union: Roswell Park
Credit Union Branch: Elm and Carlton Street
Parking Ramp - Street Level
Buffalo, New York 14263 No ATM
Morton Lane Credit Union: Bufflao State College
Credit Union Branch: 1300 Elmwood Avenue
Classroom Building A105
Buffalo, New York 14222 No ATM
Morton R. Lane Federal Credit Union
Credit Union Branch: 388 Englewood Avenue
Buffalo, New York 14223 No ATM
Morton Lane Credit Union: Sunyab Obrian
Credit Union Branch: North Campus
Obrian Room 218
Amherst, New York 14260 No ATM
ATM
Credit Union ATM: Sunyab Alumni Arena
Amherst, New York 14260
Morton Lane Credit Union: Sunyab
Credit Union Branch: Ub Commons Rm 108
Amherst, New York 14260 No ATM
ATM
Credit Union ATM: Elm&Carlton Street
Buffalo, New York 14263
Morton Lane Credit Union: Buffalo State College
Credit Union Branch: 1300 Elmwood Avenue
Classroom Building A105
Buffalo, New York 14222 No ATM
Morton R. Lane Federal Credit Union
Credit Union Branch: 388 Englewood Avenue
Buffalo, New York 14223 No ATM