Credit union · NCUA insured
First Source Federal Credit Union
Top CarrotA $1.1B credit union headquartered in New Hartford, NY, with 64,151 members and 6 branches in New York. Best rates: CDs 4.00% and savings 1.00% APY.
First Source Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 90% of U.S. banks and credit unions
#6 of 16 in Utica, NY metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About First Source Federal Credit Union
Originally founded in 1938 as Utica Teachers Federal Credit Union to provide financial services for local educators during the Depression, the credit union was renamed First Source Federal Credit Union in 1992.
Headquartered in New Hartford, New York, the member-owned financial institution operates six branch locations across Central New York along with a full-service Member Care Center.
- Headquarters
- 4451 Commercial Dr, New Hartford, NY 13413-6207
- NCUA charter
- 2658
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, worship, or attend school in designated underserved census tract codes in Utica, Rome, and Herkimer, NY are eligible for membership.
Employers and groups
- Members, employees, retirees, volunteers, or students of participating Select Employee Groups (SEGs) and Associations are eligible for membership.
Family and household
- Individuals related through immediate family members or household relationships qualify for membership.
Other ways
- Members of the American Consumer Council (ACC), a national association supporting financial literacy, qualify for membership.
Branches
6 branches in New York
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New York
6 branches
- First Source Federal Credit UnionMain office4451 Commercial Dr, New Hartford, NY 13413Directions
- First Source Federal Credit Union510 W State St, Herkimer, NY 13350Directions
- First Source Federal Credit Union8 Kellogg Rd, New Hartford, NY 13413Directions
- First Source Federal Credit Union1822 Black River Blvd N, Rome, NY 13440Directions
- First Source Federal Credit Union50 Auert Ave, Utica, NY 13502Directions
- First Source Federal Credit Union1634 Genesee St, Utica, NY 13502Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.29% | 10.86% | 12.59% or more |
| Troubled loans60+ days late | 1.03% | 0.70% | 0.46% or less |
| ProfitabilityReturn on assets | 0.86% | 0.82% | 1.16% or more |
| LendingLoans per $100 deposited | $106 | $88 | — |
- CapitalNet worth ratio10.29%Peers’ middle 10.86% · Top 25% 12.59%+
- Troubled loans60+ days late1.03%Peers’ middle 0.70% · Top 25% ≤0.46%
- ProfitabilityReturn on assets0.86%Peers’ middle 0.82% · Top 25% 1.16%+
- LendingLoans per $100 deposited$106Peers’ middle $88
Compared with the 479 credit unions with $1 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of First Source Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.