BEGINNINGS Credit Union Profile

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BEGINNINGS

Charter #68322 | NCUA Region 1 | FISCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (607) 257-8500

Fax: (607) 257-8217

Founding Date: N/A

Website: https://www.beginnings.com

Personnel & Operations

President: Taetzsch, Blixy

Manager: Whitaker, Lisa

FT Employees: 228

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 16

Hours: Lobby Open: Mon-Fri 8:30am - 5:00pm

Credit Union Profile Summary

BEGINNINGS is a FISCU Credit Union. With a total of 77,026 members ^[1], this institution manages approximately $1,437,233,174 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 14.1% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 0.24% ^[1].

Financial Snapshot

Total Assets ^[1]

$1,437,233,174

Total economic resources.

Total Loans ^[1]

$1,036,106,278

Total value of outstanding loans.

Total Deposits ^[1]

$1,226,196,176

Total funds deposited by members.

Members ^[1]

77,026

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

14.1%

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]

0.62%

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

Loan-to-Share Ratio ^[1]

84.50%

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

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 2.72%

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

Loan Growth (4Q) ^[1]

↑ 0.24%

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

Member Growth (4Q) ^[1]

↓ -2.83%

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

Headquarters Location & Map

Headquarters Address

1030 Craft Rd

Ithaca, NY, 14850

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Ithaca

1050 Craft Rd

Type: Corporate Office

1050 Craft Rd

Ithaca, NY 14850

Phone: (607) 257-8500

Services: Member Services

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Borg Warner

Type: Branch Office

800 Warren Rd

Ithaca, NY 14850-1266

Phone: (607) 266-5150

Services: Member Services

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East Hill

Type: Branch Office

1022 Ellis Hollow Rd

Ithaca, NY 14850-2808

Phone: (607) 277-1292

Services: Member Services, ATM, Drive-Thru

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Ithaca College

Type: Branch Office

953 Danby Rd

Egbert Hall Rm 328-329, Ithaca College

Ithaca, NY 14850-7000

Phone: (607) 274-3395

Services: Member Services

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Meadow Street

Type: Branch Office

409 N Meadow St # 13

Ithaca, NY 14850-3226

Phone: (607) 275-3322

Services: Member Services, ATM, Drive-Thru

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Transformation Center

Type: Branch Office

200-204 E. State Street

Ithaca, NY 14850

Phone: (607) 257-8500

Services: Member Services, ATM

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Triphammer

Type: Branch Office

99 Sheraton Dr

Ithaca, NY 14850-1601

Phone: (607) 257-3011

Services: Member Services, ATM, Drive-Thru

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North Syracuse

Type: Branch Office

651 Centerville Pl

North Syracuse, NY 13212-2396

Phone: (315) 458-0439

Services: Member Services, ATM, Drive-Thru

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Waterloo

Kingdom Plaza

Type: Branch Office

1959 Route 5 and 20

Waterloo, NY 13165

Phone: (315) 856-8510

Services: Member Services, ATM

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