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Upstate Telco Credit Union

Overview
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Upstate Telco Credit Union is a federal credit union based in Gloversville, New York. It has been opened since 1956, for 64 years.

With around $4,820,000 in assets, Upstate Telco Credit Union is considered to be a small credit union.

About
Address 137 Harrison Street
Gloversville, New York 12078
Website http://www.upstatetelcofcu.org
Phone (518) 773-6548
Fax (518) 762-3012
CEO Barbara A. Insognia
President of the Board David Johnson
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
648 members
Membership type: Service – communications and utilities
Below average number of members
432:1
Credit union member to staff ratio
432 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$4,817,173
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in New York
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in New York
Average number of branches
Upstate Telco Credit Union Branch Locations

Upstate Telco Credit Union: Main Branch
137 Harrison Street
Gloversville, New York 12078
No ATM
Members
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648 members
Membership type: Service – communications and utilities
Below average number of members

With 648 members, the Upstate Telco Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 87% of credit unions.

Fees
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$5
Average fee per member
The average fee per member at the Upstate Telco Credit Union is $5, which is very low compared to most credit unions. This rate is lower than 87% 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 Upstate Telco Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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432:1
Credit union member to staff ratio
432 per each FTE employee
Compared to 411:1 nationally
Fewer staff
2 staff members
FTE (full-time equivalent)
50% of employees are part-time
1 full-time, 1 part-time

Upstate Telco Credit Union has 1 full-time staff members and 1 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 50% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Upstate Telco Credit Union has around 432 members per staff, a higher ratio compared to other credit unions.

Assets
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$4,817,173
Total assets
Below 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.
15.8%
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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$9,144
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 41% of credit unions.

Upstate Telco Credit Union holds a total of $1,300,000 in loans and leases, which is about $9,144 per member on average.

Savings interest rate
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0.10%
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. Upstate Telco Credit Union pays 0.10%.

Loan rates
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9.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.00%
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
3.50%
Used car loan rate
Compared to 5.2% nationally
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