Don't Tax Our Credit Union
SFCU proudly supports the Don’t Tax My Credit Union campaign to protect the federal tax-exempt status that allows us to return value directly to our members and communities. Losing this status could impact the affordable financial services we provide across Central New York.
Standing Strong for Our Community Since 1948
What began on November 23, 1948, with just 15 employees each contributing $25, has grown into Sidney Federal Credit Union—a thriving, member-owned not-for-profit financial institution with over 70,000 members and 12 branches serving more than 14 counties across New York State.
Thanks to that bold beginning, our credit union has become a cornerstone of our community, putting people over profit and reinvesting in what matters most—you.
Our Local Impact* (Every Year!)
- America’s Credit Unions estimates that Sidney FCU provided $14,841,413 in direct financial benefits to our 71,109 members.
- $104,000+ donated to over 300 community organizations
- $11,000 donated by staff to nonprofit causes
- Members enrolled in the Change It Up Savings Program saved $299,013.87 in ‘spare change,’ helping them build valuable emergency savings.
- $13,500 awarded in scholarships to local students
- 200+ financial education classes for 2,100+ participants
- 10,000 trees planted in partnership with the National Forest Foundation
- Free Financial Counseling with Debit Management Plans helping them to payoff over $130,000 in debt.
- Pledged $300,000 in funding for Impact Project Loans, providing underserved community members with access to critical home improvement financing—helping them remain safely and comfortably in their homes.
*Based on 2024 data.
Why We Need Your Help
Key federal tax provisions are set to expire in 2025, and credit unions across our country are at risk of losing our tax-exempt status — a move that could cost you, our Members, directly.
Unlike big banks, we return profits to you by providing better savings rates, lower loan costs, fewer fees, and more.
Credit unions serve 43% of Americans but hold just 8.8% of financial assets—because we exist to serve, not to profit.
A tax on credit unions is a tax on YOU.
How You Can Take Action
Email Your Congressperson
Use this template and instructions to send a quick, impactful letter.
Send an Email
Spread the Word on Social Media
Share our posts @sfcuonline or repost from @americascreditunions to amplify the message.
Savings Account Rates
| Type of Account | Minimum Balance to Open | Average Daily Balance Required to Obtain Annual Percentage Yield (APY) | Dividend Rate (APR) | Annual Percentage Yield (APY) |
|---|---|---|---|---|
|
Savings |
$5 |
$118 |
0.05% |
0.05% |
|
Escrow - (SFCU Mortgages) |
N/A |
$118 |
0.05% |
0.05% |
|
Club |
N/A |
$118 |
0.05% |
0.05% |
|
Money Management |
$2,500 |
$2,500 |
0.07% |
0.07% |
|
Money Management |
$5,000 |
0.10% |
0.10% |
|
|
Money Management |
$10,000 |
0.15% |
0.15% |
Rates effective as of: April 19, 2025
Membership eligibility required.
APR= Annual Percentage Rate. Dividends are calculated by the average daily balance (ADB) method.
APY = Annual Percentage Yield.
Fees may reduce earnings on account.
All rates are subject to change at any time. Membership Par Value: to establish a new membership at SFCU a minimum of $5.00 (par value) is required to be deposited and maintained in your primary savings.
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