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School Systems Credit Union

Overview
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School Systems Credit Union is a federal credit union based in Troy, New York. It has been opened since 1954, for 66 years.

With around $88,740,000 in assets, School Systems Credit Union is considered to be a large credit union. It has 2 branches and 2 ATM locations.

About
Address 150 Defreest Drive
Troy, New York 12180
Website http://www.school-systems.com
Phone (518) 286-1611
Fax (518) 286-2778
CEO Mark A. Hatfield
President of the Board Maureen Palmer
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
5,722 members
Membership type: Community credit union
Average number of members
381:1
Credit union member to staff ratio
381 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$88,738,341
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
10.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
School Systems Credit Union Branch Locations

School Systems Credit Union: Troy Branch
150 Defreest Drive
Troy, New York 12180
ATM Available
School Systems Credit Union: Troy Branch
150 Defreest Drive
Troy, New York 12180
No ATM
School Systems Credit Union: Albany Branch
325 Washington Avenue Ext
Albany, New York 12205
ATM Available
Members
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5,722 members
Membership type: Community credit union
Average number of members

With 5,722 members, the School Systems Credit Union is considered to be a medium size credit union. It is larger than 60% of credit unions.

Fees
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$19
Average fee per member
The average fee per member at the School Systems Credit Union is $19, which is low compared to most credit unions. This rate is lower than 74% of all credit unions.
Fees are lower 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 School Systems Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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381:1
Credit union member to staff ratio
381 per each FTE employee
Compared to 411:1 nationally
Average number of staff
15 staff members
FTE (full-time equivalent)
0% of employees are part-time
15 full-time, 0 part-time

School Systems Credit Union has 15 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. School Systems Credit Union has around 381 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$88,738,341
Total assets
Above average
Net worth
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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.
8.1%
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
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$15,880
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 83% of credit unions.

School Systems Credit Union holds a total of $34,360,000 in loans and leases, which is about $15,880 per member on average.

Savings interest rate
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0.20%
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. School Systems Credit Union pays 0.20%.

Loan rates
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10.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
6.74%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.99%
New car loan rate
Compared to 4.0% nationally
3.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Credit Card Loan Interest Rate
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