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Italo American Credit Union Rates & Review April 2026

Italo American Credit Union's 6 month CDs rates are at 4.00%. Italo American Credit Union's savings rates are at 2.50%. MonitorBankRates evaluates the financial stability of Italo American Credit Union with a 5.0 Star Rating and an A+ Overall Health Grade. Rates were last updated on 04/14/2026.

Italo American Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Italo American Credit Union? Share your experience about Italo American Credit Union by leaving a review below, or read customer reviews before you decide to use Italo American Credit Union.

Overall Health & Safety Grade ?
A+
Exceptional Health Score: 100/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
--
No Data No data
Bank OZK
Italo American
6652 Myrtle Ave
Glendale, NY 11385 7057
http://www.italoamericanfcu.com
Member NCUA

Italo American Credit Union CD Rates

Product Rate APY Term View More
6 month Cds - 4.00% 6 months
No additional details.
Last Updated 04/14/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 2.78%

Italo American Credit Union Savings Rates

Product Rate APY View More
Savings - 2.50%
Details as of 10/01/2025
Last Updated 04/14/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
Texas Ratio: 2.78%

Methodology & Data Sources

MonitorBankRates Star Rating
Our rating for Italo American Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Italo American Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Italo American Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Italo American Credit Union
Address 6652 Myrtle Ave, Glendale, NY 11385 7057
Phone 718-366-6422
Fax 718-821-3932
President Frank Alesci
CEO Maria Heidenreich
Full-Time Employees 3
Part-Time Employees 1
Branch Locations 1
ATM Locations 0
NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (100/100)
Return on Assets (ROA)
0.7906%
Return on Equity (ROE)
5.3414%
Non-Performing Loans Ratio (NPL)
0.00%
Total Assets
39,058,829
Total Amount of Shares and Deposits
32,961,532
Total Shares and Deposits < 1 Year
30,656,439
Total Shares and Deposits 1 3 Years
1,340,558
Total Shares and Deposits > 3 Years
964,536
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
4,635,871
Total Uninsured Shares and Deposits > $250K (F+J)
4,635,871
Total Insured Shares and Deposits > $250K (item 17 less item K)
28,325,661
Total Interest Expense (Sum of items 6 8)
855,048
Share Certificates
192
Number of Accounts for Share Drafts
61
IRA KEOGH Accounts
140
Number of Accounts for Regular Shares
807
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
2,536,966
Total Liabilities
33,277,753
Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Total Reviews
0
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Frequently Asked Questions About Italo American Credit Union

Is Italo American Credit Union a safe place to deposit money?

Yes, Italo American Credit Union is considered a safe financial institution. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Italo American Credit Union operate?

Italo American Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Italo American Credit Union?

Yes, to access services at Italo American Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Italo American Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Italo American Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Italo American Credit Union offer online and mobile banking?

Most modern institutions like Italo American Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: http://www.italoamericanfcu.com.

Current Italo American Credit Union Rates

  • Savings2.50%
Retrieved from our database of financial products. Rates subject to change.