FIRST SOURCE Credit Union Profile

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FIRST SOURCE

Charter #2658 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (315) 735-8571

Fax: (315) 735-1552

Founding Date: N/A

Website: http://www.fsource.org

Personnel & Operations

President: Philo, Raymond

Manager: Calabrese, John

FT Employees: 234

PT Employees: 10

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 6

Hours: (M-W 9:00am - 4:00pm), (Th-F 9:00am - 5:00p

Credit Union Profile Summary

FIRST SOURCE is a FCU Credit Union. With a total of 63,241 members [1], this institution manages approximately $1,078,058,461 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 9.83% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 2.18% [1].

Financial Snapshot

Total Assets [1]
$1,078,058,461

Total economic resources.

Total Loans [1]
$1,003,381,271

Total value of outstanding loans.

Total Deposits [1]
$965,940,263

Total funds deposited by members.

Members [1]
63,241

Number of active members.

Performance Ratios

Net Worth Ratio [1]
9.83%

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]
0.71%

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

Loan-to-Share Ratio [1]
103.88%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 4.26%

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

Loan Growth (4Q) [1]
↑ 2.18%

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

Member Growth (4Q) [1]
↑ 2.59%

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

Headquarters Location & Map

Headquarters Address

4451 Commercial Dr

New Hartford, NY, 13413-6207
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 5 branches reported by FIRST SOURCE (Charter #2658).

Main Office

First Source Federal Credit Union Main Office

Type: Corporate Office

4451 Commercial Dr

New Hartford, NY 13413-6207

Phone: (315) 735-8571

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Herkimer

First Source Federal Credit Union

Type: Branch Office

510 W State St

Herkimer, NY 13350-2240

Phone: (315) 866-2940

Services: Member Services, Drive-Thru

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Rome

First Source Federal Credit Union

Type: Branch Office

1822 Black River Blvd N

Rome, NY 13440

Phone: (315) 735-8571

Services: Member Services, ATM, Drive-Thru

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Utica

First Source Federal Credit Union

Type: Branch Office

1634 Genesee St

Utica, NY 13502-5428

Phone: (315) 735-1030

Services: Member Services, ATM, Drive-Thru

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First Source Federal Credit Union

Type: Branch Office

50 Auert Ave

Utica, NY 13502

Phone: (315) 624-9430

Services: Member Services, ATM

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