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Reviews (3)

Progressive Is Somewhat Rigid And Backward

Posted by: Jeffrey | Mar 8, 2017

I have been with PCU for a good ten years. The benefit of being with them is that they tend to offer a higher rate of interest on CDs. What I don't like about them is that they only permit three ways to receive your dividends: by check, reinvest or place in your cash account. They do not do ACH transactions. However, your financial institution can do ACH transactions with them, but they discourage you from doing this. It would be so much easier if Progressive grew up and entered the 21st Century and enabled ACH dividend transactions to one's bank or financial institution. In many ways, they are an old-fashioned paper pushing company.

It's Unfair: Exclusive Only To Members

Posted by: Anonymous | Aug 9, 2010

This is unfair, an organization exclusive only to its members. Then to add salt to the wound you have to seek out a member to give you a recommendation in order to join; you can't be serious. How are people supposed to find these people. Oh wait, you can't it's exclusive. See this is why the United States is in the shape that it is in because of the selfishness of people in this day and age.

They Don't Allow Non

Posted by: Anonymous | May 7, 2010

they don't allow non-members to join, you have to be sponsored by a member.  good luck finding a member.


Health ratings for Progressive Credit Union have been suspended due to the uncertainty around the large exposure it has to the New York taxi industry which is under pressure from app-based ridesharing services such as Uber.

NCUA #60064
Year Chartered1918
Primary Regulator
Profit Margin
Return on Assets - YTD-8.79%
Return on Equity - YTD-26.6%
Annual Interest Income$24.7MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$596.9MM$665.4MM
LoansQ4 2016vs Q4 2015$580.4MM$603.6MM
DepositsQ4 2016vs Q4 2015$302.8MM$290.0MM
Equity CapitalQ4 2016vs Q4 2015$195.9MM$268.5MM
Loan Loss AllowanceQ4 2016vs Q4 2015$65.8MM$21.8MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$66.5MM$20.8MM
Real Estate OwnedQ4 2016vs Q4 2015$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

2-Year CD, 2.32 % APY

Carpline   |  
Nice rate - only problem: "To become eligible for membership, all new members must be referred by a current PCU member."

According to NCUA stats there are 3,338 members, so perhaps using the "six degrees of separation" theory, you might be able to identify a current Progressive CU member.

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Progressive Credit Union Savings Account Rates

0.75%*$50k*-Regular Shares
OTHER TIERS: 0.15% $100 - $5k | 0.50% $5k - $50k
0.75%$100-Traditional IRA Shares
0.75%$100-Roth IRA Shares
0.75%$100-Coverdell Shares
0.75%$100-Roth Conv IRA Shares

Progressive Credit Union Checking Account Rates

0.15%$300-Share Drafts

Progressive Credit Union CD Rates

2.32%$5k-2 Year CD
1.61%$5k-18 Month CD
1.36%$5k-15 Month CD
1.11%$5k-3 Year CD
1.01%$5k-5 Year CD
1.00%$5k-1 Year CD

Progressive Credit Union IRA Rates

2.32%$5k-2 Year IRA
1.61%$5k-18 Month IRA
1.36%$5k-15 Month IRA
1.11%$5k-3 Year IRA
1.01%$5k-5 Year IRA
1.00%$5k-1 Year IRA

Progressive Credit Union Locations
Branch Office131 W 33rd St Ste 700New York, NY 10001-2908