ITALO-AMERICAN Credit Union Profile

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ITALO-AMERICAN

Charter #110 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (718) 366-6422

Fax: (718) 821-3932

Founding Date: N/A

Website: http://www.italoamericanfcu.com

Personnel & Operations

President: Alesci, Frank

Manager: Heidenreich, Maria

FT Employees: 3

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 03

Branches: 1

Hours: 9-2:30 Mon,Tue, Wed, Thur, Fri 9-1:00 Sat

Credit Union Profile Summary

ITALO-AMERICAN is a FCU Credit Union. With a total of 595 members [1], this institution manages approximately $39,460,409 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 14.35% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 7.89% [1].

Financial Snapshot

Total Assets [1]
$39,460,409

Total economic resources.

Total Loans [1]
$32,250,857

Total value of outstanding loans.

Total Deposits [1]
$33,409,378

Total funds deposited by members.

Members [1]
595

Number of active members.

Performance Ratios

Net Worth Ratio [1]
14.35%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.98%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
96.53%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 3.03%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 7.89%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 4.39%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

6652 Myrtle Ave

Glendale, NY, 11385-7057
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 2 branches reported by ITALO-AMERICAN (Charter #110).

Main Office

Italo-American Main Office

Type: Corporate Office

6652 Myrtle Ave

Glendale, NY 11385-7057

Phone: (718) 366-6422

Services: Member Services

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Additional Branches

Glendale

Italo-American

Type: Corporate Office

6652 Myrtle Ave

Glendale, NY 11385-7057

Phone: (718) 366-6422

Services: None specified

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