First New York Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

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 34^th largest credit union in the state of New York. It is also the 725^th largest credit union in the nation. It was established in 1937 and as of March of 2025, it had grown to 128 employees and 38,522 members at 9 locations. First New York Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

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

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	2440
Year Chartered	1937
Employees	128
Primary Regulator

Profit Margin
Return on Assets - YTD	1.13%
Return on Equity - YTD	14.49%
Annual Interest Income	$6MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$526MM$489.5MM
Loans	Q1 2025vs Q1 2024	$374.2MM$326.5MM
Deposits	Q1 2025vs Q1 2024	$476.8MM$435.8MM
Equity Capital	Q1 2025vs Q1 2024	$40.4MM$34.2MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$2.8MM$2.7MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$2.4MM$1.4MM
Real Estate Owned	Q1 2025vs Q1 2024	$50K$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not First New York Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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%	$1	-	Share Savings
0.10%	$0	-	Secondary Share Savings

First New York Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$150k^*	-	Premium Money Market Savings
OTHER TIERS: 0.25% → $75k - $150k
0.20%^*	$50k^*	-	Money Market Savings
OTHER TIERS: 0.10% → $2.5k - $25k \| 0.15% → $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
3.80%	$2.5k	-	25 Month Share Certificate Special
3.75%	$2.5k	-	15 Month Share Certificate Special
3.75%	$500	-	5 Month Share Certificate Special
3.50%	$2.5k	-	9 Month Share Certificate Special
3.25%	$500	-	3 Month Share Certificate
3.25%	$500	-	6 Month Share Certificate
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

First New York Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.25%	$250	-	6 Month IRA
0.70%	$250	-	60 Month IRA
0.60%	$250	-	48 Month IRA
0.50%	$250	-	36 Month IRA
0.40%	$250	-	30 Month IRA
0.35%	$250	-	24 Month IRA
0.25%	$250	-	18 Month IRA
0.15%	$250	-	12 Month IRA

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.