Morton Lane

Headquarters

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

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Morton Lane is an NCUA insured institution located in Buffalo, NY. It was founded in 1962 and has approximately $60.06 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 15021
Date Established 1962
Assets $60.06 million
Loans $23.15 million
Deposits $53.06 million
Capital $6.78 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 - April 11, 2021

Your Current Location: California, CA 92111

We do not yet have rates for Morton Lane

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Loan Rates - April 11, 2021

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
IHL Direct
NMLS ID: 257476
2.884% 2.750% 0.75 $4,368 $1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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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:
San Diego,California


Morton Lane Locations


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
0.39% 5.40

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, 2020, Morton Lane had $27,245 in non-current loans and $0 in owned assets. To cover these potential losses it had $6,776,787 in net worth and $229,844 in loans loss reserves. That gives it a Texas Ratio of 0.39%.

Net Worth
Morton Lane U.S. Average
11.28% 12.67%

Morton Lane FCU has a net worth of 11.28% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Morton Lane

Branches and Savings

What is Morton Lane?

A federal credit union, registered with the NCUA under certificate #15021.
Learn more about credit unions here.

Is Morton Lane FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Morton Lane is insured by the NCUA.

Who can join Morton Lane?

Please see Field of Membership information above for information on who is eligible to join.

What are Morton Lane's share account and share certificate rates?

Morton Lane's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Morton Lane?

Morton Lane has total capital of $6.78 million. Full information on Morton Lane's financial position is located above.

Who owns Morton Lane?

Credit Unions are owned by their members.

Where are Morton Lane branches located?

See branch locations nearby.

Are Morton Lane ATMs Open 24/7?

Do Morton Lane ATMs accept cash deposits?

Can Morton Lane customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Morton Lane have a mobile app?

Does Morton Lane have mobile deposit?

Does Morton Lane have quick pay?

How can Morton Lane transfer money to other banks or credit unions?

Does Morton Lane report to credit bureaus?

Does Morton Lane use Chexsystems?

Does Morton Lane use Equifax?

What is Morton Lane's toll free phone number?

What is Morton Lane's ACH Routing Number?

What is Morton Lane's SWIFT code?

Where can I find Morton Lane's wire transfer form?

What is the Morton Lane address for deposits?

What Products Does Morton Lane Offer

Does Morton Lane offer mortgages?

Compare mortgage rates here.

Does Morton Lane offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Morton Lane offer auto and RV loans?

Compare auto loan rates here.

Does Morton Lane offer student loans or personal loans?

Compare personal loan rates here.

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