Solutions Federal Credit Union

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A short history of Solutions FCU

Since its inception in 1952 the Solutions Federal Credit Union has been serving its members in the ELMIRA, 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 Thomas Wood, the Solutions FCU has grown its membership to over 3,802 with assets of more than $23,691,078. They have a main office and 0 branch offices. Please see the credit unions website or contact them by phone at (607) 734-7144 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ELMIRA, NY.

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

Charter Number 7846
Address 907 BROADWAY 
State New York 
Zip-Code 14904
Phone Number (607) 734-7144
Fax Number (607) 734-6757
Email Address:
CEO/President Thomas Wood
Members 3,802 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 23,691,078 

Compare Solutions Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Finger Lakes Health Care CU Schuyler Branch 220 Steuben St 14865 (607) 535-4166 No 2.62
Corning CU Erwin Drive-Thru 253 S Hamilton St 14830 (607) 962-3144 No 14.26
Guthrie CU Elmer Ave Office 104 N Elmer Ave 18840 (570) 888-7135 No 15.91
First Heritage CU Addison 11 Steuben St 14801 (607) 359-2275 No 16.13
Ingersoll-rand CU Ingersoll-Rand FCU 199 N Main St 18810 (570) 888-7121 No 16.28

Solutions Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Solutions 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 N/A 3.72 5.25 N/A 4.70
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 239 356 N/A 195
Rank Among All New York Credit Unions N/A 93 109 N/A 64

Solutions Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.50 0.49 0.70
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 60 268 199
Rank Among All New York Credit Unions N/A 34 13 67 50
Solutions Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 8.5006142,001,030
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.7203374,973,506
Used Vehicle Loans 5.2503632,825,014
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 4.7001183,857,067
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.5002872,390,242
TOTAL LOANS & LEASES 1,71916,046,859

Solutions Federal Credit Union Real Estate Loans and Lines of Credit


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 0000
    b. 15 Years or less 0000
    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


Closed-End Fixed Rate 1103,717,9099398,500
Closed-End Adjustable Rate 18,79000
Open-End Adjustable Rate 7130,36800
Open-End Fixed Rate 0000
TOTALS 1183,857,0679398,500


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

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