Average User Rating:
1 star rating based on 1 review.

New York University Credit Union

New York University Credit Union Locations

14 Washington Place
New York, NY 10003
800-997-0724
www.nyufcu.com

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New York University Credit Union is headquartered in NEW YORK and is the 203^rd largest credit union in the state of New York. It is also the 4,037^th largest credit union in the nation. It was established in 1982 and as of December of 2011, it had grown to 5 employees and 3,063 members. New York University Credit Union has a 4-star health rating.

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See Rates for: Savings | Money Market | CD | IRA

New York University Credit Union Savings Account Rates

Apy	Min	Max	Product
0.11%	$50	-	IRA Share Account
0.06%	$50	-	Holiday Club Account
0.06%	$50	-	Vacation Club Account
0.06%	$50	-	Share Savings Account

New York University Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.11%	$1k	-	Money Market Account

New York University Credit Union CD Rates

Apy	Min	Max	Product
0.11%	$1k	-	1 Year CD
0.11%	$1k	-	2 Year CD

New York University Credit Union IRA Rates

	Apy	Min	Max	Product
	1.01%	$500	-	1 Year IRA

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

NEW YORK UNIVERSITY
NCUA #	23958
BankRate Report	View
Year Chartered	1982
Employees	5
Primary Regulator
Assets and Liabilities
Assets	$14.51 million
Loans	$7.60 million
Deposits	$13.90 million
Equity Capital	$859,000
Loan Loss Allowance	$86,000
Unbacked Noncurrent Loans	$140,000
Historic Data - December 2010
Assets	$13.44 million
Equity Capital	$856,000
Loan Loss Allowance	$52,000
Unbacked Noncurrent Loans	$50,000
Profit Margin - Quarterly
Net Interest Margin	7.15%
Return on Assets	-0.01%
Return on Equity	-0.12%
Interest Income	$641,000
Non-Interest Income	$98,000

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 New York University Credit Union had $140,000 in non-current loans and owned real-estate with $945,000 in equity and loan loss allowances on hand to cover it. This gives New York University Credit Union a Texas Ratio of 14.81% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for New York University Credit Union increased slightly from 5.51% as of December 31, 2010 to 14.81% as of December 31, 2011, resulting in a negative change of 169.04%. This indicates that the balance sheet and financial strength for New York University Credit Union has declined slightly in recent periods.
Deposit Growth
In the past year, New York University Credit Union has increased its total deposits by $1.36 million, resulting in 10.86% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth New York University Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. New York University Credit Union has $14.51 million in assets with $945,000 in equity, resulting in a capitalization level of 6.51%, which is below average.

NYU Federal Credit Union - Slow, Frustrating, 19Th Century Banking Practices!
1 stars

- Prof - Thursday, March 15, 2012 - 12:00 PM

I joined the credit union in response to the backlash against the larger, commercial banks, at the height of the Occupy movement last year. It's been frustrating and often infuriating to deal with this campus branch. They still use ancient banking hours, 9-3pm, which, given our 24hr financial needs, does not make good business sense. While the ATMs are accessible on and near NYUs campus, outside of Manhattan, there are fewer interlinks, so you're still forced to use the commercial bank ATMs and are charged fees anyway. Recently I needed them to locate a disputed electronic payment and they treated me like I was imposing tasks that had never been required of a bank. Once you're tagged for being "demanding" of them, i.e., provide professional and curtious service, they tag you a trouble maker, keep you on hold when you call, or pass you around to several reps, or take days to followup with requests. I'm running back to TD Bank or Chase!! At least they pretend to be interested in you as a customer.