Company Information

Get to know First Source Federal Credit Union

Chartered in 1938, First Source Federal Credit Union is a member-owned, not-for-profit financial cooperative. Its mission is to help members and the community thrive by providing smart financial solutions and guidance. Unlike a traditional bank, its profits are returned to members in the form of lower loan rates, higher dividend rates, and improved services. The credit union offers a full suite of personal and business banking products, including savings and checking accounts, mortgages, auto loans, credit cards, and investment services, primarily serving individuals and businesses within specific New York counties.

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Financial BankingPRIMARY
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Financial Payment

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First Source Federal Credit Union

United States

Founded in

1938 (88 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.