First Source
First Source is a credit union based in New Hartford, New York, established in 1938, with $1.1 billion in total assets serving 64,151 members. By Trust Grade it ranks 161st of 267 credit unions we track in New York. Its net worth ratio of 10.1% trails most similarly sized credit unions (34th percentile), versus a New York median of 12%. It was profitable over the most recent period, with a 0.74% return on assets. No consumer complaints against First Source appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First Source compares to New York peers
How we graded First Source
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (10.1% capital ratio)
- Profitable (ROA 0.74%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Source over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at First Source insured?
Yes. First Source is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First Source: frequently asked questions
Is First Source a good credit union?
First Source earns a Bankzia Trust Grade of B (89/100, "Strong"), based on a financial-strength score of 89/100 (it has no CFPB complaints on record). Well-capitalized (10.1% capital ratio); Profitable (ROA 0.74%).
Is First Source NCUA-insured?
Yes. First Source is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is First Source?
First Source holds $1.1 billion in total assets, ranking 161st of 267 credit unions we track in New York. It serves 64,151 members.
Does First Source have CFPB complaints?
No CFPB complaints against First Source appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
