Overview / Commentary
FASNY Federal Credit Union is headquartered in Albany and is the 209th largest credit union in the state of New York. It is also the 3,757th largest credit union in the nation. It was established in 2003 and as of December of 2019, it had grown to 2 employees and 1,109 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 Q4 2019
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 | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.04% |
| Return on Equity - YTD | 8.13% |
| Annual Interest Income | $479.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $12.9MM$14.0MM |
| Loans | Q4 2019vs Q4 2018 | $6.2MM$6.0MM |
| Deposits | Q4 2019vs Q4 2018 | $11.2MM$12.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.7MM$1.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $78.00K$77.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $35.00K$38.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |