Credit union · NCUA insured
State CS Employees Federal Credit Union
A $48.7M credit union headquartered in Watertown, NY, with 2,866 members and 2 branches in New York. Best rates: CDs 4.00% and savings 1.65% APY.
State CS Employees Federal Credit Union Carrot Score
85
Carrot Score
Higher than 69% of U.S. banks and credit unions
#3 of 9 in Watertown, NY metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About State CS Employees Federal Credit Union
State CS Employees Federal Credit Union is headquartered in Watertown, New York, and serves qualifying individuals across Jefferson, Lewis, St. Lawrence, Clinton, and Franklin counties.
Operating as a financial cooperative, the credit union is owned by its members.
- Headquarters
- Dulles State Office Building, 317 Washington Street, Watertown, NY 13601
- NCUA charter
- 16207
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Military, government and schools
- Employees of the City of Watertown who live or work in Jefferson, Lewis, St. Lawrence, Clinton, or Franklin county, NY are eligible to join.
- New York State Civil Service Employees who live or work in Jefferson, Lewis, St. Lawrence, Clinton, or Franklin county, NY are eligible to join.
- Retirees of New York State Civil Service, City of Watertown, or Watertown City School District who live or work in Jefferson, Lewis, St. Lawrence, Clinton, or Franklin county, NY are eligible to join.
- Employees of the Watertown City School District who live or work in Jefferson, Lewis, St. Lawrence, Clinton, or Franklin county, NY are eligible to join.
Family and household
- Immediate family members of current members who live or work in Jefferson, Lewis, St. Lawrence, Clinton, or Franklin county, NY are eligible to join.
Cost to join
- Membership requires opening a Primary Savings account with a minimum deposit of at least $5.00.
Branches
2 branches in New York
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New York
2 branches
- Main OfficeMain officeDulles State Office Building, 317 Washington Street, Watertown, NY 13601Directions
- Branch Office144 Eastern Boulevard, Watertown, NY 13601Directions
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
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.30% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.77% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.39% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $87 | $59 | — |
- CapitalNet worth ratio9.30%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.77%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.39%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$87Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million 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 State CS Employees 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.