Progressive Federal Credit Union
Headquarters
131 W 33rd St Ste 700
New York, NY 10001
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2024 Overview
General Credit Union Information
Progressive is an NCUA insured institution located in New York, NY. It was founded in 1918 and has approximately $325.56 millions in assets.
Who can join?
Progressive Credit union is an open-charter credit union under the Supervision of the New York State Banking Department. By their charter, only natural persons or credit unions are eligible for membership. Businesses, organizations or clubs are not eligible to join. In order to become a member, an individual or credit union needs to be recommended by another member.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 60064 |
| Date Established | 1918 |
| Assets | $325.56 million |
| Loans | $376.59 million |
| Deposits | $242.05 million |
| Capital | $-5.18 million |
Field of Membership Restrictions
Membership in Progressive Credit Union is open only through being recommended by a current member.
Deposit Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Progressive
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Loan Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Progressive
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 |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,600 | $2,049 | Learn More |
NMLS ID: 401822 |
6.806% | 6.625% | 0.88 | $6,000 | $2,049 | Learn More |
NMLS ID: 2059741 |
6.894% | 6.750% | 0.88 | $4,746 | $2,076 | Learn More |
NMLS ID: 3029 |
7.008% | 6.875% | 0.88 | $4,492 | $2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Progressive
To upload and update your bank's rates please register.
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Branches
Below are Progressive 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
PROGRESSIVE 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
Progressive Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Progressive. 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
| Progressive | U.S. Average |
|---|---|
| 26.12% | 6.97 |
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 December 31, 2023, Progressive had $21,638,068 in non-current loans and $13,217,519 in owned assets. To cover these potential losses it had $-5,175,444 in net worth and $138,626,662 in loans loss reserves. That gives it a Texas Ratio of 26.12%.
Net Worth
| Progressive | U.S. Average |
|---|---|
| -1.58% | 13.62% |
Progressive FCU has a net worth of -1.58% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Progressive
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