Self Reliance New York Federal Credit Union
Self Reliance New York Federal Credit Union is headquartered in New York and is the 17th largest credit union in the state of New York. It is also the 308th largest credit union in the nation. It was established in 1951 and as of September of 2022, it had grown to 34 employees and 14,917 members at 5 locations. Self Reliance New York Federal Credit Union's CD rates are 5X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Self Reliance New York Federal Credit Union is open only to the members of the Selfreliance Association of American Ukrainians, New York Branch. Eligibility for membership in the association is limited to persons of Ukrainian ancestry.
See current membership details
BEST CD RATES IN THE US, BAR NONE!
NY Self Reliance FCU is an outstanding credit union with the highest interest rates on CD's in the country today. I had to prove my Ukrainian ancestry by using the online website JewGen. It generated a ancestry chart back to my great, great, grandparents....and that's right, they knew I was Jewish. So the posting from Rosedala in 2010 is BS! The only negative is that dividends are paid quarterly rather than monthly.
Great Credit Union
Just wanted to add on the statement by ROSEDALA that Self Reliance Credit Union accepts only three national groups IS NOT CORRECT – membership is limited to people of Ukraine only and done by territorial characteristic. As western part of Ukraine was under jurisdiction of Poland before WW2 – people born on those territories before WW2 are also considered Ukrainians. After WW2 both parts of Ukraine were united. As Ukraine was the part of USSR before Ukraine got it independence, citizens of former USSR are accepted also because in former USSR Ukrainian national could live anywhere on former USSR territory.
The Self Reliance Ukrainian American Federal Credit Union was established in 1951 by a group of Ukrainian volunteers dedicated to help Ukrainian community under the sponsorship of the Self Reliance Association of American Ukrainians.
Credit Unions are not the banks and by the definition could limit their membership by professional, by national or by any other characteristic acceptable by American law.
There are many financial institutions only for native Americans and since I am not native American I can not be accepted even if I desperately want to join it, there is affirmative action only for minorities of USA and my son could not be advanced by this action during his college admission since he is not African American, there are Senior Citizen communities where people with small children could not be accepted and so on and so on.
There is the beauty of American Democracy – that all people of any group deserve their opportunities under American law.
Statement of ROSEDALA that Self Reliance does not accept Ukrainian Jewish people is so outrages and such blunt lie - this lady deserve to be sued for defamation. I am a Jew and I am the member of Self Reliance. Needless to say, that nobody ever interested not in my religion views, nor in my national roots and not only that this type of question absolutely impossible for a big financial institution on strictly discrimination ground and against American law, but because it is also just plain stupid.
Inability to join Credit Union is not good reason to show yourself such ugly way.
I also think that PAULEB, who also gives negative review to the Self Reliance based only on smear and fake review of ROSEDALA is not right.
ROSEDALA insulted great financial institution, all members of this institution, employees who are doing great work for Self Reliance Credit Union community on absolutely false pretense by calling all of us – anti-Semites (Jewish people are included).
Great Credit Union
Self Reliance Credit Union is the one of many Credit Unions which has to follow the rules and regulations applied to all Credit Unions by the law.
Almost all Credit Unions have strict limitations on membership. The same way as Teachers Credit Union is only limited for teachers, Navy Credit Union is only limited for military and their family - Self Reliance Credit Union membership is limited only for the people born in Ukraine or for the people born in former USSR (as Ukraine was the part of USSR until Ukraine got independence). When I opened my account with Self Reliance – my passport with the place and the date of birth has to be presented. And off course -nobody asked me if I am Jew, Muslim or Buddhist.
The inability to squeeze her into the institution which paid the better interest on the investment – does not give the right to lie so impudent and to accuse institution in racial discrimination.
All people of Self Reliance I ever had deal with – were exceptionally nice and certainly professional.
Best Credit Union On The Block
This credit union has solid financials and credit standing and it ‘s not discriminating anybody since it strictly following its union policies without breaking the laws.
Some people way too greedy when they can’t cheat the system and have to schlep to they local bank where interest rates is none when comparing to union rates.
If my grandparent are Spanish it does not mean that I am eligible for the educational Spanish grants from city or if my parents came from Poland it does not mean that I am Ukrainian. And if I can’t proof any of my statements that makes me sound like liar regardless whether it true or false. This is multicultural city and we have to respect every cultural institutions traditions and policies. When we make racial remarks without understanding the reason then we should look into the mirror and then make judgment.
FDIC Certificate #
Does anyone know what their FDIC Certificate # is, as I can not find them in the FDIC System?
Discrimination In Banking
They cannot discriminate as such since they are insured by the National Credit Union Administration. Please report them to:
Inspector General: 800-778-4806 [email protected]
SELF RELIANCE NEW YORK FEDERAL CREDIT UNION
Hello, I thought the following experience I had with this FCU would be of interest to all...
I found this FCU (212-473-7310) had the best CD rates thanks to Ken's valuable website so I contacted them to open an account but... was shocked to hear a lady, at its affiliated Self Reliance Association of American Ukrainians (212-777-1336) which grants eligibility okays, that they accept ONLY Russian, Ukrainian or Polish people. I told them my parents were Ukrainians, she said ok she needs to see their birth certificates.
My parents have been dead for decades and only my sister may still have their documents, but, she has advanced Alzheimer's and lives in Argentina! This seems to be an outrageous and needless complication to just open an account! I further asked - do you acccept Ukrainian Jewish people? She said NO. I repeated my question before ending the conversation which she evaded and just repeated that I have to show proof of nationality. I asked to email me this requirement along with any other requirements but she said she doesn't do that...So I can't show what she told me. I'm totally stunned that in this day and age of fierce political correctness enforcement... and in AMERICA!...that an organization like NCUA should impose or at least approve such unequal rule! I've emailed my thoughts to them and hope they'll answer. Rosedala
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7217 |
| Year Chartered | 1951 |
| Employees | 34 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.46% |
| Return on Equity - YTD | 3.08% |
| Annual Interest Income | $26.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $1.47B$1.51B |
| Loans | Q3 2022vs Q3 2021 | $698.5MM$659.5MM |
| Deposits | Q3 2022vs Q3 2021 | $1.25B$1.27B |
| Equity Capital | Q3 2022vs Q3 2021 | $221.7MM$242.4MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $4.9MM$4.9MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $7.1MM$6.1MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |