Beginnings Credit Union Ithaca, New York
Beginnings Credit Union is a state-chartered credit union headquartered in Ithaca, NY, established in 1953 (NCUA charter 68322), and it is regulated and insured by the NCUA. At Q2 2026 it reported 77,622 members and total assets of $1.54B (up 7.1% from Q2 2025), the 18th largest of 267 credit unions headquartered in New York. Its net worth ratio was 14.01% at Q2 2026, in the well capitalized band.
Also written as Beginnings CU
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 68322
- Headquarters
- Ithaca, NY
- Established
- 1953
- Total assets, Q2 2026
- $1.54B
- Assets vs Q2 2025
- +7.1%
- Members, Q2 2026
- 77,622
- Net worth ratio, Q2 2026
- 14.01%
- Latest call report
- Q2 2026, NCUA 5300 · Beginnings Credit Union call report
- Asset rank in state
- 18th of 267 in New York
- Routing number
- 221381540
- Branches
- 14
It has 596 more members than on June 30, 2025 (+0.8%). Its net worth ratio was down 0.09 percentage points from 14.10% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $594.3M of $1.07B in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.69% is above the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026. Its 14.01% net worth ratio is above that band's 10.89% median.
Credit unions similar in size in New York
Credit unions merged into Beginnings Credit Union
Westar Federal Credit Union (2026) · Core Credit Union (2022)
Frequently asked about Beginnings Credit Union
How big is Beginnings Credit Union?
At Q2 2026 it reported total assets of $1.54B and 77,622 members.
Where is Beginnings Credit Union headquartered?
It is headquartered in Ithaca, NY, United States.
When was Beginnings Credit Union founded?
It was established in 1953, per NCUA records.
Is Beginnings Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 68322): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Beginnings Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Beginnings Credit Union well capitalized?
Its net worth ratio was 14.01% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Beginnings Credit Union's delinquency ratio?
Its delinquency ratio was 0.69% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Beginnings Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 82.28% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Ithaca, NY 14850
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1953
- NCUA Charter #
- 68322
- RSSD ID
- 272281
- Members
- 77,622
- Potential members
- 903,450
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 454 credit unions with $1B to $10B in assets, as of Q2 2026. It is in the top quartile on 3 of 7 ranked measures.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 12.63% | 14.01% | 10.89% | 86th top |
| Return on assets Middle half of peers: 0.59% to 1.25% | 1.37% | 0.89% | 80th top |
| Return on equity Middle half of peers: 5.37% to 10.92% | 9.77% | 8.07% | 65th above |
| Net interest margin Middle half of peers: 3.05% to 3.80% | 3.50% | 3.45% | 54th above |
| Efficiency ratio Middle half of peers: 63.16% to 77.23% | 69.10% | 70.59% | 55th above |
| Cost of funds Middle half of peers: 1.37% to 1.99% | 0.98% | 1.68% | over 90th top |
| Delinquency ratio Middle half of peers: 0.45% to 1.05% | 0.69% | 0.68% | 49th below |
| Yield on assets Middle half of peers: 4.70% to 5.46% | 4.48% | 5.12% | 15th position only |
| Loan-to-share ratio Middle half of peers: 78.23% to 95.19% | 82.28% | 88.03% | 35th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$1.54B total assets against $1.44B; $1.31B total shares and deposits against $1.23B; $1.07B total loans against $1.04B.
$215.6M net worth against $202.9M.
14.01% net worth ratio against 14.10%.
82.28% loan-to-share ratio against 84.50%.
0.69% delinquency ratio against 1.03%.
1.37% return on assets against 1.01%; 9.77% return on equity against 7.16%.
3.50% net interest margin against 3.47%.
77,622 members against 77,026.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 14.01% | 1.37% | 0.69% | 82.28% |
| March 31, 2026 | 13.69% | 0.09% | 0.60% | 81.69% |
| December 31, 2025 | 13.62% | 0.32% | 0.98% | 81.67% |
| September 30, 2025 | 14.21% | 1.08% | 0.97% | 85.01% |
| June 30, 2025 | 14.10% | 1.01% | 1.03% | 84.50% |
| March 31, 2025 | 13.69% | 0.22% | 0.86% | 81.34% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.