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Tri State Area Credit Union

Overview
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Tri State Area Credit Union is a federal credit union based in Hoosick Falls, New York. It has been opened since 1953, for 67 years.

With around $26,390,000 in assets, Tri State Area Credit Union is considered to be an average size credit union. It has 2 branches and 2 ATM locations.

About
Address Po Box 70
Hoosick Falls, New York 12090
Website http://www.tsafcu.com
Phone (518) 686-4504
Fax (518) 686-7685
CEO James M. Martinez
President of the Board Carrie Cahill
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
3,396 members
Membership type: Unknown
Average number of members
309:1
Credit union member to staff ratio
309 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$26,393,859
Total assets
Average size
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
9.99%
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
Tri State Area Credit Union Branch Locations

Tri State Area Federal Credit Union
28 Church Street
Hoosick Falls, New York 12090
ATM Available
Members
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3,396 members
Membership type: Unknown
Average number of members

With 3,396 members, the Tri State Area Credit Union is considered to be a medium size credit union. It is larger than 48% of credit unions.

Fees
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$37
Average fee per member
The average fee per member at the Tri State Area Credit Union is $37, which is comparable to most credit unions. This rate is lower than 59% 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 Tri State Area Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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309:1
Credit union member to staff ratio
309 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
11 staff members
FTE (full-time equivalent)
31% of employees are part-time
9 full-time, 4 part-time

Tri State Area Credit Union has 9 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 69% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Tri State Area Credit Union has around 309 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$26,393,859
Total assets
Average size
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.
12.2%
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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$17,257
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 86% of credit unions.

Tri State Area Credit Union holds a total of $15,050,000 in loans and leases, which is about $17,257 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. Tri State Area Credit Union pays 0.20%.

Loan rates
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9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
8.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.50%
New car loan rate
Compared to 4.0% nationally
4.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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