First New York Federal Credit Union

Overview / Commentary
2 Wall St
Albany, NY 12205

First New York Federal Credit Union is headquartered in Albany and is the 35th largest credit union in the state of New York. It is also the 758th largest credit union in the nation. It was established in 1937 and as of September of 2022, it had grown to 110 employees and 32,330 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 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 - YTD0.14%
Return on Equity - YTD2.31%
Annual Interest Income$9.8MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$452.1MM$437.3MM
LoansQ3 2022vs Q3 2021$269.5MM$236.4MM
DepositsQ3 2022vs Q3 2021$417.2MM$395.6MM
Equity CapitalQ3 2022vs Q3 2021$27.2MM$36.7MM
Loan Loss AllowanceQ3 2022vs Q3 2021$2.3MM$2.2MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$2.8MM$1.3MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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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

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

First New York Federal Credit Union Money Market Rates

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

0.05%$1k-Choice Checking Account

First New York Federal Credit Union CD Rates

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

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

First New York Federal Credit Union Locations
Branch Office1879 Altamont AveSchenectady, NY 12303
Branch Office795 E Main St Ste 1Cobleskill, NY 12043-1263
Branch Office19 Glenridge RdScotia, NY 12302
Branch Office818 Central AveAlbany, NY 12206-1543
Branch Office2 Wall StAlbany, NY 12205-3845
Branch Office1776 Union StSchenectady, NY 12309
Branch Office424 Maple AveSaratoga Springs, NY 12866-5506
Branch Office1533 Route 9Halfmoon, NY 12065
Branch Office31 Jordan RdTroy, NY 12180-8548

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