Overview / Commentary
FASNY Federal Credit Union is headquartered in Albany and is the 196th largest credit union in the state of New York. It is also the 3,332nd largest credit union in the nation. It was established in 2003 and as of March of 2025, it had grown to 3 employees and 1,139 members at 1 location. FASNY Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
FASNY Federal Credit Union is open to members of the National Volunteer Fire Council, the Firemen's Association of the State of New York, and the Ladies Auxiliary of the Firemen's Association of the State of New York. Membership also extends to immediate family, volunteers, and employees of the credit union.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. FASNY Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24690 |
| Year Chartered | 2003 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 5.75% |
| Annual Interest Income | $195K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $16.6MM$14.6MM |
| Loans | Q1 2025vs Q1 2024 | $7.9MM$7.7MM |
| Deposits | Q1 2025vs Q1 2024 | $14.6MM$12.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $2MM$1.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $59K$49K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $0$1,000 |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |