Mohawk Progressive Federal Credit Union

Headquarters

1760 State St
Schenectady, NY 12304
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Notable Rates APY Vs.Others
Savings N.A. 1.65% →
1-Year CD N.A. 2.02% →
2-Year CD N.A. 3.00% →
5-Year CD N.A. 3.35% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Mohawk Progressive is an NCUA insured institution located in Schenectady, NY. It was founded in 1936 and has approximately $11.94 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 907
Date Established 1936
Assets $11.94 million
Loans $6.31 million
Deposits $10.85 million
Capital $0.90 million
 

Deposit Rates - June 27, 2022

Your Current Location: Connecticut, CT 06828

We do not yet have rates for Mohawk Progressive

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Loan Rates - June 27, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for MOHAWK PROGRESSIVE

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



Featured - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
6.266% 6.125% 1.00 $3,750 $1,520 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

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Branches

Below are Mohawk 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:
Fairfield,Connecticut


Mohawk Progressive Locations



Climate Initiatives

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

Financial Details

Mohawk Progressive Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mohawk 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
Mohawk Progressive U.S. Average
21.35% 4.85

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, 2021, Mohawk Progressive had $198,159 in non-current loans and $0 in owned assets. To cover these potential losses it had $895,255 in net worth and $32,735 in loans loss reserves. That gives it a Texas Ratio of 21.35%.

Net Worth
Mohawk Progressive U.S. Average
7.49% 12.36%

Mohawk Progressive FCU has a net worth of 7.49% versus the BestCashCow average of 12.36. 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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