United Nations Federal Credit Union


Overview / Commentary
347-686-6000
2401 44Th Rd
Long Island City, NY 11101

United Nations Federal Credit Union is headquartered in Long Island City and is the 5th largest credit union in the state of New York. It is also the 31st largest credit union in the nation. It was established in 1947 and as of December of 2023, it had grown to 782 employees and 227,049 members at 3 locations. United Nations Federal Credit Union's CD rates are 4X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to residents of the United States who are members of the United Nations Association of the USA ($25 membership fee) or Friends of Kilimanjaro Initiative ($10 yearly membership fee). Membership is also open to employees, consultants, and retirees of the United Nations and affiliated agencies.
See current membership details

Chip & PIN!

UNFCU was the first bank/CU in the country to issue chip & PIN cards, which are really good for international travel. I ran into a problem when I didn't have one of those cards, so I joined UNFCU specifically to get their Azure Visa.

Joining took a bit longer than I would have expected. As the previous review advised, you have to join the UN Association of the USA (UNA-USA) and then you can join the CU. As I recall, it took a month to approve my accounts, and they're not set up to take electronic payment from my bank's bill pay system.

I'm glad I'm a member because I joined for a chip & PIN card instead of a chip & signature card, but I am not likely to ever use this as more than a place to get that card. There is an account inactivity fee, so set up your savings account to receive a nominal direct deposit from payroll or do a scheduled transfer from another bank to keep the account active.

Service OK

The credit union recently expanded their membership to members of the UN friends Association which anyone can join. Their account opening process is by mail or fax. The have better than average rates on deposits and loans. The only have 3 offices (2 in New York and 1 in Wash D.C.. They are unique in that they make mortgage loans outside of the US and they lend to Non US residents. Online banking is fine. I currently only have a savings account paying .35%. They have no annual fee VISA cards with rates that can be in the single digits based on your credit score.

Worst Credit Union Ever!

Posted by: |

UNFCU is bureaucratic to the extreme! They won't consider individual circumstances and don't care about its members to the slightest! They will instead provide a canned reply to all your attempts at resolving an issue. Plain and simple, UNFCU sucks!!!

Fraudulent Chargebacks Initiated By UNFCU

Posted by: |

UNFCU would initiate fraudulent chargebacks claiming fraudulent double charges by merchant on their customer's card (which is a lie).

Merchants! Do not accept UNFCU cards as payment or risk huge losses in unfair (and fraudulent) chargebacks.

Contacting UNFCU is an arduous process and they respond with joke answers, addressing you with a wrong name and giving you a wrong answer all the time. Most of emails are never responded by UNFCU but they send many emails with their typical request for a SURVEY to be filled out, which ends up in the following:

ERROR 20
survey.unfcu.org

Dear Valued Member:
Thank you for your recent contact to our Call Center. UNFCU strives to provide quality service at all times and values direct feedback from our customers. Accordingly, we would appreciate you taking a few moments to answer the attached survey pertaining to your recent experience with our Member Service Representative.
SURVEY
Please be assured that this information will remain confidential. Thank you for taking the time to participate in the survey.
Sincerely,
Member Directed Services
United Nations Federal Credit Union
[email protected]
unfcu.org

No one responds your inquiry, but a survey request is sent each time you email them.

Remember: UNFCU initiates chargebacks claiming double charges, while the goods were already delivered to the customer. The credit card processor confirms that there indeed were NO double charges, but UNFCU proceeds to retract funds in a fraudulent-on-their-side chargeback.

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
NCUA #5588
Year Chartered1947
Employees782
Primary Regulator
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD7.9%
Annual Interest Income$281.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$8.91B$7.97B
LoansQ4 2023vs Q4 2022$5.54B$5.1B
DepositsQ4 2023vs Q4 2022$8.17B$7.33B
Equity CapitalQ4 2023vs Q4 2022$669.5MM$585.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$27.8MM$15.2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$11.3MM$9.8MM
Real Estate OwnedQ4 2023vs Q4 2022$663K$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not United Nations 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.

United Nations Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$200k*-High Yield Savings
OTHER TIERS: 1.30% Up to $2.5k | 1.35% $2.5k - $25k | 1.50% $25k - $50k | 1.75% $50k+
0.15%--Savings
0.05%$500-IRA Savings

United Nations Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$15kPremium Checking
OTHER TIERS: 0.05% $15k+
0.05%--Checking Account

United Nations Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-6 Month Share Certificate
4.05%$500-9 Month Share Certificate
3.50%$500-12 Month Share Certificate
3.50%$500-12 Month Impact Share Certificate
3.25%$500-3 Month Share Certificate
3.25%$500-18 Month Share Certificate
3.25%$500-24 Month Share Certificate
3.25%$250$10k24 Month Simple Saver Certificate
2.75%$500-36 Month Share Certificate
2.75%$500-60 Month Share Certificate
2.75%$500-48 Month Share Certificate
2.50%$500-30 Month Flex Rate Certificate

United Nations Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-6 Month IRA Certificate
4.05%$500-9 Month IRA Certificate
3.50%$500-12 Month IRA Certificate
3.25%$500-3 Month IRA Certificate
3.25%$500-18 Month IRA Certificate
3.25%$500-24 Month IRA Certificate
2.75%$500-36 Month IRA Certificate
2.75%$500-60 Month IRA Certificate
2.75%$500-48 Month IRA Certificate
2.50%$500-30 Month Flex Rate IRA
Locations


United Nations Federal Credit Union Locations
Branch Office2401 44th RdLong Island City, NY 11101
Branch Office2 United Nations Plz Fl 3New York, NY 10017
Branch Office405 E 42nd StNew York, NY 10017

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.