First New York Federal Credit Union

Overview / Commentary

www.firstnewyork.org

518-393-1326

2 Wall St
Albany, NY 12205

First New York Federal Credit Union is headquartered in Albany and is the 33^rd largest credit union in the state of New York. It is also the 741^st largest credit union in the nation. It was established in 1937 and as of June of 2021, it had grown to 123 employees and 32,727 members at 9 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.
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Health

Data as of Q2 2021

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Health Grade Components

Overall
NCUA #	2440
Year Chartered	1937
Employees	123
Primary Regulator

Profit Margin
Return on Assets - YTD	0.26%
Return on Equity - YTD	3.11%
Annual Interest Income	$5.9MM

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$439.7MM$381.5MM
Loans	Q2 2021vs Q2 2020	$232.6MM$230.2MM
Deposits	Q2 2021vs Q2 2020	$399.6MM$342.8MM
Equity Capital	Q2 2021vs Q2 2020	$35.7MM$35.1MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$2.2MM$2.3MM
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$1.5MM$796.00K
Real Estate Owned	Q2 2021vs Q2 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$5	-	Share Savings
0.10%	-	-	Secondary Share Savings

First New York Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$150k^*	-	Premium Money Market Savings
OTHER TIERS: 0.20% → $75k - $150k
0.15%^*	$50k^*	-	Money Market Savings
OTHER TIERS: 0.05% → $2.5k - $25k \| 0.10% → $25k - $50k

First New York Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$1k	-	Choice Checking Account

First New York Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$500	-	60 Month Share Certificate
0.60%	$500	-	48 Month Share Certificate
0.50%	$500	-	36 Month Share Certificate
0.40%	$500	-	30 Month Share Certificate
0.35%	$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

APY	MIN	MAX	ACCOUNT NAME
0.70%	$250	-	60 Month IRA Share Certificate
0.60%	$250	-	48 Month IRA Share Certificate
0.50%	$250	-	36 Month IRA Share Certificate
0.40%	$250	-	30 Month IRA Share Certificate
0.35%	$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

Locations

First New York Federal Credit Union Locations
Branch Office	1879 Altamont Ave	Schenectady, NY 12303
Branch Office	795 E Main St Ste 1	Cobleskill, NY 12043-1263
Branch Office	19 Glenridge Rd	Scotia, NY 12302
Branch Office	818 Central Ave	Albany, NY 12206-1543
Branch Office	2 Wall St	Albany, NY 12205-3845
Branch Office	1776 Union St	Schenectady, NY 12309
Branch Office	424 Maple Ave	Saratoga Springs, NY 12866-5506
Branch Office	1533 Route 9	Halfmoon, NY 12065
Branch Office	31 Jordan Rd	Troy, NY 12180-8548

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