Morton Lane Federal Credit Union

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A short history of Morton Lane FCU

Since its inception in 1962 the Morton Lane Federal Credit Union has been serving its members in the BUFFALO, New York area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by JUDITH BLEICHFELD, the Morton Lane FCU has grown its membership to over 4,451 with assets of more than $45,433,621. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (716) 837-2007 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BUFFALO, NY.

General Information For Morton Lane FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 15021
Address 388 ENGLEWOOD AVE 
City BUFFALO 
State New York 
Zip-Code 14223
Phone Number (716) 837-2007
Fax Number (716) 837-0174
Email Address: none
CEO/President JUDITH BLEICHFELD
Members 4,451 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 45,433,621 
Website http://www.mortonlanedirect.com 

Compare Morton Lane Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Kenmore N. Y. Teachers CU Main Office 2265 Sheridan Dr 14223 (716) 877-1630 No 0.45
Tonawanda Community CU Delaware 315 Delaware St 14150 (716) 693-0946 No 0.45
St. Josephs Parish Buffalo CU 341 Englewood Avenue 341 Englewood Ave 14223 (716) 833-9670 No 1.11
Linton CU Linton Federal Credit Union 61 E Park Dr 14150 (716) 879-2363 No 2.39
S.m.s.d. CU Main Office 2253 Main St 14214 (716) 834-7200 No 2.98

Morton Lane Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Morton Lane Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.25 2.49 3.49 4.28 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 106 83 146 177 100
Rank Among All New York Credit Unions 13 38 47 62 33

Morton Lane Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.50 N/A 1.00 0.40
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 66 N/A 174 243
Rank Among All New York Credit Unions 19 17 N/A 34 63
Morton Lane Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.2501,1521,806,328
All Other Unsecured Loans/Lines of Credit 6.0005474,094,164
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.490731,042,593
Used Vehicle Loans 3.4901221,213,051
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.280463,884,118
Total Other Real Estate Loans/Lines of Credit 4.0001777,670,557
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.50057466,147
TOTAL LOANS & LEASES 2,17420,176,958

Morton Lane Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 323,250,0452233,000
    b. 15 Years or less 14634,07300
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 883,340,869390,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 894,329,68815918,066
Open-End Fixed Rate 0000
TOTALS 22311,554,675201,241,066

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Morton Lane Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes