Credit union · NCUA insured
TruNorthern Federal Credit Union Carrot Score
A $110.7M credit union headquartered in Malone, NY, with 5,873 members and 4 branches in New York.
TruNorthern Federal Credit Union Carrot Score
79
Carrot Score
Higher than 49% of U.S. banks and credit unions
- CDs66
- Savings69
- Auto loansNot scored
- Credit cards96
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where TruNorthern Federal Credit Union ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
66beats 15% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 3.29% | 41% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 2.27% | 15% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 1.11% | 9% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 2.27% | 25% | 3.05% | 3.65% | 4.07% |
| Qualified | 3.29% | 19% | 3.85% | 4.15% | 4.35% |
Best rates 32.9 · all terms 20.0 → 27.8 → 66
Savings
69beats 23% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 0.05% | 16% | 0.20% | 0.50% | 1.51% |
| $10,000 | 0.20% | 27% | 0.50% | 1.15% | 2.20% |
| $100,000 | 0.80% | 45% | 1.00% | 2.01% | 2.93% |
| Qualified | 0.20% | 23% | 0.60% | 1.31% | 2.43% |
Best rates 24.8 · all balances 27.5 → 25.8 → 69
Auto loans
Not scoredCredit cards
96top 2% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 6.99% | 99% | 10.90% | 9.90% | 8.90% |
Best rates 98.5 · all rates 98.5 → 98.5 → 96
Where the score could improve
- CDs, 16-30 months3.85%1.11% today, higher than 9% of U.S. institutions. 3.85% would reach the top quarter; 4.20% the top 10%.
- CDs, 9-15 months4.00%2.27% today, higher than 15% of U.S. institutions. 4.00% would reach the top quarter; 4.25% the top 10%.
- CDs, Qualified4.15%3.29% today, higher than 19% of U.S. institutions. 4.15% would reach the top quarter; 4.35% the top 10%.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How TruNorthern Federal Credit Union got its score
Its products stand at 98.5 for credit cards, 27.8 for CDs and 25.8 for savings, out of 100. Its best two, credit cards and CDs, average 63.2. Publishing three products adds 1.5, for 64.7. That puts it ahead of 49% of U.S. banks and credit unions: a Carrot Score of 79.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.