Featured Savings Rates
Featured Accounts

First New York Federal Credit Union

Popular Accounts at this Credit Union

1.00%5-year CD60 Month Share Certificate
0.15%1-year CD12 Month Lucky Savers Share Certificate
0.10%SavingsSecondary Share Savings

Overview / Commentary
2 Wall St
Albany, NY 12205-3828

First New York Federal Credit Union is headquartered in Albany and is the 38th largest credit union in the state of New York. It is also the 771st largest credit union in the nation. It was established in 1937 and as of December of 2017, it had grown to 101 employees and 31,726 members at 10 locations. First New York Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Albany, Schenectady, Saratoga, Rensselaer or Schoharie county. Membership is also open to immediate family of existing members and those eligible.
See current membership details


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Health Grade Components

NCUA #2440
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD5%
Annual Interest Income$10.5MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$315.2MM$303.8MM
LoansQ4 2017vs Q4 2016$198.6MM$180.3MM
DepositsQ4 2017vs Q4 2016$281.1MM$271.6MM
Equity CapitalQ4 2017vs Q4 2016$29.9MM$28.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.3MM$801.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$978.00K$445.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First New York Federal Credit Union Savings Account Rates

0.10%--Primary Share Savings
0.10%--Secondary Share Savings

First New York Federal Credit Union Money Market Rates

0.30%*$150k*-Premium Money Market Savings
OTHER TIERS: 0.25% $75k - $150k
0.20%*$50k*-Money Market Savings
OTHER TIERS: 0.10% $2,500 - $25k | 0.15% $25k - $50k

First New York Federal Credit Union Checking Account Rates

0.05%$1k-Choice Checking Account

First New York Federal Credit Union CD Rates

1.00%$500-60 Month Share Certificate
0.90%$500-48 Month Share Certificate
0.70%$500-36 Month Share Certificate
0.50%$500-30 Month Share Certificate
0.45%$500-24 Month Share Certificate
0.25%$500-18 Month Share Certificate
0.15%$500-12 Month Share Certificate
0.15%$25-12 Month Lucky Savers Share Certificate
0.12%$500-6 Month Share Certificate
0.10%$500-3 Month Share Certificate

First New York Federal Credit Union IRA Rates

1.00%$250-60 Month IRA Share Certificate
0.90%$250-48 Month IRA Share Certificate
0.70%$250-36 Month IRA Share Certificate
0.50%$250-30 Month IRA Share Certificate
0.45%$250-24 Month IRA Share Certificate
0.25%$250-18 Month IRA Share Certificate
0.15%$250-12 Month IRA Share Certificate
0.12%$250-6 Month IRA Share Certificate

Cities: Albany, Cobleskill, Delanson, Saratoga Springs, Schenectady, Scotia

Albany Branches
Branch Office818 Central AveAlbany, NY 12206-1543
Branch Office2 Wall StAlbany, NY 12205-3845
Branch Office700 Washington AveAlbany, NY 12203

Cobleskill Branches
Branch Office795 E Main St Ste 1Cobleskill, NY 12043-1263

Delanson Branches
Branch Office163 School RdDelanson, NY 12053

Saratoga Springs Branches
Branch Office424 Maple AveSaratoga Springs, NY 12866-5506

Schenectady Branches
Branch Office1879 Altamont AveSchenectady, NY 12303
Branch Office1776 Union StSchenectady, NY 12309

Scotia Branches
Branch Office19 Glenridge RdScotia, NY 12302
Branch Office1 Tartan WayScotia, NY 12302