Morton Lane Federal Credit Union

Headquarters

388 Englewood Ave
Buffalo, NY 14223
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Morton Lane is an NCUA insured institution located in Buffalo, NY. It was founded in 1962 and has approximately $65.39 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 15021
Date Established 1962
Assets $65.39 million
Loans $29.94 million
Deposits $57.67 million
Capital $7.62 million
 

Field of Membership Restrictions

Membership is open to employees and students of Buffalo State or University of Buffalo, employees of Roswell Park Cancer Institute, and other select organizations.

Deposit Rates - November 18, 2024

Your Current Location: Ohio, OH 43085

We do not yet have rates for Morton Lane

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Loan Rates - November 18, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Morton Lane

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.596% 6.500% 0.63 $3,210 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.868% 6.750% 1.00 $3,884 $2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125% 1.00 $3,200 $2,156 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.240 %
After Intro: 7.240 %
$0 Learn More
More Info

Note to Morton Lane
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Branches

Below are Morton Lane branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio



Climate Policy and Initiatives

MORTON LANE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Morton Lane Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Morton Lane. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Morton Lane U.S. Average
3.93% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Morton Lane had $312,426 in non-current loans and $0 in owned assets. To cover these potential losses it had $7,618,054 in net worth and $324,319 in loans loss reserves. That gives it a Texas Ratio of 3.93%.

Net Worth
Morton Lane U.S. Average
11.65% 13.93%

Morton Lane FCU has a net worth of 11.65% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



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