Question 1

What is NY Correctional Employees Credit Union?

Accepted Answer

NY Correctional Employees Credit Union, officially known as Attica-Wyoming Correctional Employees Federal Credit Union (ATT-WYO), is a specialized federal credit union serving employees of correctional facilities in the Attica and Wyoming County area of New York. With approximately 1,600 members and over $16 million in total assets, this credit union provides financial services tailored to the unique needs of correctional facility employees and their families.

The credit union operates as a member-owned, not-for-profit financial cooperative, focusing on delivering personalized service to its niche membership base.

Question 2

When was NY Correctional Employees Credit Union founded?

Accepted Answer

[Information not publicly available regarding the specific founding date]. Like many correctional facility credit unions in New York, this institution was likely established to provide secure, convenient financial services to employees working at the Attica Correctional Facility and surrounding Wyoming County correctional institutions.

The credit union was organized under Federal Charter 884 and has maintained its focus on serving the correctional employee community throughout its history.

Question 3

Where is NY Correctional Employees Credit Union headquartered?

Accepted Answer

NY Correctional Employees Credit Union is headquartered at 221 E Main St in Attica, New York 14011. Attica is located in Wyoming County in western New York, approximately 40 miles east of Buffalo.

The location in Attica provides convenient access for members working at nearby correctional facilities in the region.

Question 4

Where does NY Correctional Employees Credit Union operate?

Accepted Answer

The credit union primarily serves the Attica and Wyoming County area of New York State. Its field of membership is focused on employees of correctional facilities in this region, along with their immediate family members.

Membership is typically restricted to individuals who work at qualifying correctional institutions in the area, employees of the credit union itself, and family members of existing members. This focused membership approach allows the credit union to specialize in understanding and meeting the specific financial needs of the correctional employee community.

Question 5

What services does NY Correctional Employees Credit Union offer?

Accepted Answer

NY Correctional Employees Credit Union provides a range of financial services including:

Deposit Accounts: Share savings accounts, checking accounts, and specialized savings programs that help members build financial security.

Lending Services: Personal loans, auto loans, mortgage loans, and other consumer lending products designed to meet members' borrowing needs at competitive rates.

Digital Banking: Online banking platforms and tools accessible through attwyocefcu.com, allowing members to manage their accounts remotely.

Member Services: Personalized financial guidance and member support tailored to the correctional employee community.

Question 6

What makes NY Correctional Employees Credit Union unique?

Accepted Answer

The credit union's specialization in serving correctional facility employees sets it apart from general-purpose financial institutions. This focus allows the credit union to understand the unique work schedules, employment circumstances, and financial needs of its membership.

With a strong net worth ratio of 18.41% and consistent returns, the credit union maintains a solid financial foundation while keeping its loan-to-share ratio conservative at approximately 31%, indicating a balanced approach to lending and member deposits.

The member-owned cooperative structure ensures that decisions are made in the best interests of the correctional employee community, not outside shareholders. Each member has equal voting rights regardless of account size.

Question 7

What type of financial institution is NY Correctional Employees Credit Union?

Accepted Answer

NY Correctional Employees Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a federal credit union operating under Charter 884, member deposits are federally insured up to $250,000 by the NCUA.

The credit union operates under a restricted membership charter, meaning membership is limited to individuals who work at specific correctional facilities in the Attica and Wyoming County area, employees of the credit union, and family members of current members. This occupational common bond structure is typical of workplace-based credit unions and allows the institution to focus exclusively on serving the correctional employee community with specialized financial products and services.

NY Correctional Employees Credit Union

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About NY Correctional Employees Credit Union in the United States

NY Correc­tional Employees Credit Union