Featured Savings Rates
Featured Accounts

New York University Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.11%1-year CD1 Year CD
0.06%SavingsShare Savings Account
0.11%2-year CD2 Year CD

Overview / Commentary
800-997-0724
726 Broadway Ste 110
New York, NY 10003

New York University Federal Credit Union is headquartered in New York and is the 186th largest credit union in the state of New York. It is also the 3,548th largest credit union in the nation. It was established in 1982 and as of June of 2016, it had grown to 6 employees and 4,765 members at 1 location. New York University Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees, students, faculty, alumni, retirees and staff of New York University,
See current membership details

Reviews (7)

An Excellent Experience Consolidating Debt

Posted by: DHarris | Oct 23, 2013

My husband and I met with Mira Ness the CFO of NYUFCU at lunchtime. We wanted to consolidate our debt and, after checking banking rates, decided to take advantage of the NYU credit union benefit.

Our experience was nothing short of impressive and wholeheartedly met with great success. We had done our homework and arrived with all of the details for the accounts that we wanted to consolidate. Mira was immediately responsive and attentive. I had a million questions and she had a million answers, with detailed back-up. Mira handled this matter with efficiency and tact. Within a ½ hour of meeting her, we were provided with competitive rates, a plan and resolution. By the time I returned to my midtown office (a 20 minute train ride), checks had been cut and sent out to the consolidated accounts on our behalf. When we calculated the time spent on the entire transaction, we were both pleased with the efficiency of the process. We have the added carrot of receiving excellent rates, which compounds into more dollars saved.

Thank you Mira Ness for your efficiency and your dedication to customer service excellence, great rates and the good nights’ sleep that ensued!

Great Experience, Fast And Professional

Posted by: JamesM | Jun 11, 2013

I went to the NYU Credit Union after my bank  ran me through the mill about a loan against my house. I'd paid off two loans to that bank  and have a very good credit rating. During that loan process, I dealt with five different people, each of which didn't know what the other had done. It was humiliating. I decided to try the NYU credit union. They were fast and professional and I got the loan in 10 days.

I don't believe in on-line reviews. People can say anything. You don't know who's talking. The cloak of anonymity makes cowards into experts and heros. But the big banks say what they want too. And I remember  2008, when the big banks dragged this country into near financial collapse. I remember the  fancy excuses and long talk while thousands of heartbroken, hard working people lost their homes. That's what drew me to the credit union too.

Getting this loan was a smooth and painless experience.  Mira Ness and her staff were very effecient, professional and fast moving. I got the loan I want with minimum fuss in ten days. They walked me through the process. They patiently explained everything that needed to be done. The interest rate was as competitive as my big bank. I am very pleased with it, and plan to tell my family and friends about the benefits of letting their money work in ways that benefit the people, as opposed to the very few.

I recommend this credit union highly and without reservation.

 
James McBride 

NYU FCU - Smooth Sailing With My Refinance

Posted by: agrigos | Feb 21, 2013

I was a mortgage broker for many years and now overseeing a small banking institution.  NYU FCU's processing of my home refinance was executed without a hitch; from the application to closing, the process and the people were excellent.  This is coming from someone who has experienced the issues that often arise in todays mortgage application process. 

NYU FCU reviewed the initial application, we had a few exchanges of documents and questions, locked the rate, appraisal and shortly there after we were ready to schedule. Took about 2 months - typical.  I spoke to representatives no more than twice over the course of the loan review process. The key to a successful experience with mortgage applications is cooperation and understanding on both ends; provide the lender exactly what they ask for, and HELP the underwriter understand your financial and personal situations; do not leave it up to the underwriter to figure it out. 

Rate was excellent, fees were nothing out of the ordinary.  Prior to closing we had a clear understanding of the figures and it took no more than 45mins to close.   

Thank you

Anthony G.

NYUFCU Four Stars In My Book

Posted by: GeorgeA | Jan 10, 2013

I will admit, several years ago when I joined New York University Federal Credit Union, I had some issues with the lack of services. That has dramatically changed now and I can see services here at NYUFCU that I don't see with large banking institutions. I love the online bill pay services, including payments to individuals, Smartphone services, and a few other tools which make banking a breeze no matter where I am...

Reciently, along with many others I was a victum of, "Super Storm" Sandy, and was without power and heat for a month. I lost my car in the storm as well. My insurance would not pay, I was denied help from FEMA, SBA denied me a loan and I was in rough shape.

With the help of Mira Ness and her team at New York University Federal Credit Union along with The New York Credit Union Foundation I was awarded a grant to help me with the loss. Now that's something I don't think ANY mainstream bank or financial institution would do for a customer.

Thank you Mira for all your help...

Was Able To Get The Help I Needed

Posted by: melmal | Nov 6, 2014

I wanted assistance getting my credit under control. I applied for a debit con loan and got the help I needed. The staff I worked with were kind and knowledgeable.

Really Disappointing

Posted by: nyuprof | Jun 20, 2012

I'd very much prefer to use a credit union over a bank but had to switch back because while I don't like my bank, it is at least more convenient.

This credit union offers extremely poor customer service from both low-level staff and the people in charge; I never encountered anything but errors and poor communication from them.  In addition, there are quite a number of hidden fees. 

It's really too bad there is not a better alternative.

NYU Federal Credit Union - Slow, Frustrating, 19Th Century Banking Practices!

Posted by: Prof | Mar 15, 2012

I joined the credit union in response to the backlash against the larger, commercial banks, at the height of the Occupy movement last year. It's been frustrating and often infuriating to deal with this campus branch. They still use ancient banking hours, 9-3pm, which, given our 24hr financial needs, does not make good business sense. While the ATMs are accessible on and near NYUs campus, outside of Manhattan, there are fewer interlinks, so you're still forced to use the commercial bank ATMs and are charged fees anyway. Recently I needed them to locate a disputed electronic payment and they treated me like I was imposing tasks that had never been required of a bank. Once you're tagged for being "demanding" of them, i.e., provide professional and curtious service, they tag you a trouble maker, keep you on hold when you call, or pass you around to several reps, or take days to followup with requests. I'm running back to TD Bank or Chase!! At least they pretend to be interested in you as a customer.



Health
B+
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. New York University Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #23958
Year Chartered1982
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD14.23%
Annual Interest Income$396.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$18.4MM$17.1MM
LoansQ2 2016vs Q2 2015$12.7MM$11.6MM
DepositsQ2 2016vs Q2 2015$16.2MM$14.8MM
Equity CapitalQ2 2016vs Q2 2015$1.7MM$1.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$191.00K$135.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$42.00K$63.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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New York University Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.11%$50-IRA Share Account
0.06%$50-Share Savings Account
0.05%$50-Holiday Club Account
0.05%$50-Vacation Club Account

New York University Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.11%$1k-Money Market Account

New York University Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.11%$1k-1 Year CD
0.11%$1k-2 Year CD

New York University Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.11%$500-1 Year IRA
Locations


New York University Federal Credit Union Locations
Branch Office726 Broadway Ste 110New York, NY 10003-9502