Greater Metro Federal Credit Union


Overview / Commentary
718-361-1002
31-10 37th Ave Suite 403
Long Island City, NY 11101

Greater Metro Federal Credit Union is headquartered in Long Island City and is the 97th largest credit union in the state of New York. It is also the 1,978th largest credit union in the nation. It was established in 1970 and as of June of 2024, it had grown to 11 employees and 3,996 members at 3 locations. Greater Metro Federal Credit Union's CD rates are 4X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees of The IBM Corporation, The Veteran’s Administration Hospital in Manhattan, Fedcap Rehabilitation Services, General Theological Seminary, and other select employer groups.
See current membership details

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Health
C+
Additional 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. Greater Metro Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #20382
Year Chartered1970
Employees11
Primary Regulator
Profit Margin
Return on Assets - YTD-0.31%
Return on Equity - YTD-3.34%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$84.4MM$86.2MM
LoansQ2 2024vs Q2 2023$26.7MM$27.1MM
DepositsQ2 2024vs Q2 2023$74.9MM$77.7MM
Equity CapitalQ2 2024vs Q2 2023$8MM$8.1MM
Loan Loss AllowanceQ2 2024vs Q2 2023$4.1MM$4.2MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$5.6MM$5.5MM
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Greater Metro Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Regular Share
0.05%$500-IRA Share
0.05%$25-Savings Club

Greater Metro Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Money Market

Greater Metro Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$100-Hifi Draft (Checking)

Greater Metro Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%$500-24 Months Share Certificate
3.56%$500-12 Months Share Certificate
2.79%$500-60 Months Share Certificate
2.53%$500-48 Months Share Certificate
2.28%$500-36 Months Share Certificate
2.02%$500-6 Months Share Certificate
1.51%$500-3 Months Share Certificate

Greater Metro Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%$500-24 Months IRA Certificate
3.56%$500-12 Months IRA Certificate
2.79%$500-60 Months IRA Certificate
2.53%$500-48 Months IRA Certificate
2.28%$500-36 Months IRA Certificate
2.02%$500-6 Months IRA Certificate
1.51%$500-3 Months IRA Certificate
Locations


Greater Metro Federal Credit Union Locations
Branch Office423 E 23rd StNew York, NY 10010-5011
Branch Office3110 37th AveLong Island City, NY 11101-2128
Corporate Office215 Park Row Suite 2New York, NY 10038

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