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United Nations Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.50%Reward CheckingPremium Checking +
1.75%5-year CD60 Month Share Certificate
0.75%1-year CD12 Month Share Certificate

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 4th largest credit union in the state of New York. It is also the 29th largest credit union in the nation. It was established in 1947 and as of December of 2016, it had grown to 508 employees and 124,426 members at 4 locations. United Nations Federal Credit Union's money market rates are 14% higher than 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

Reviews (5)

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.

Horrible Experience

I wish I could give them 0 star.

Do yourself a favor and find a good bank. Dealing with UNFCU is a nightmare. You will never receive your debit card. When you call them to ask the reason, you have to wait for several minutes and in the end, they hang up. Wait for months, call again, you hear the card was shipped to another address. They do not give you the response you need. There are several other such issues.

When you want to close your account, again you are in trouble. They send your account balance to the states :(

Just avoid it.

Horrible Customer Service

Posted by: Sam Jay | Dec 15, 2016

If you love horrible customer service, this is the place to bank. "One week before Christmas " I called and ordered a new debit card on Saturday, was told they would place a rush on it. On Wednesday I called for an update, we placed the wrong date on the card and it was sent back. No phone call, no email nothing, I called on Thursday asking for a supervisor, she refuses to get on the phone. I had to tell the customer service rep to cancel the one in route and send me one over night FedEx. !! This back lacks oversight, horrible !!! Really horrible.

No Utilities, No Membership

I have have been married to the same man and lived the same house (which I own) for over 25 years but because all the utilities are in his name I was denied membership. In order to prove address you must have a utility in you name, your husbands will not do. I was shocked, but that's the policy.



Health

Health Grade Components

Overall
NCUA #5588
Year Chartered1947
Employees508
Primary Regulator
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD7.29%
Annual Interest Income$127.8MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$4.75B$4.36B
LoansQ4 2016vs Q4 2015$2.30B$1.96B
DepositsQ4 2016vs Q4 2015$4.27B$3.90B
Equity CapitalQ4 2016vs Q4 2015$439.4MM$419.5MM
Loan Loss AllowanceQ4 2016vs Q4 2015$20.0MM$16.3MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$13.3MM$13.1MM
Real Estate OwnedQ4 2016vs Q4 2015$1.5MM$1.9MM
Rates
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* 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
0.20%--Savings
0.20%$500-IRA Savings
0.20%--Vacation Club
0.20%--Holiday Club

United Nations Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Money Market
OTHER TIERS: 0.30% $2,500 - $25k | 0.40% $25k - $50k

United Nations Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$15kPremium Checking +
OTHER TIERS: 0.25% $15k+
0.05%--Checking Account

United Nations Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month Share Certificate
1.50%$500-36 Month Share Certificate
1.40%$500-30 Month- Flex Rate Certificate
1.25%$500-24 Month Share Certificate
0.80%$500-18 Month Share Certificate
0.75%$500-12 Month Share Certificate
0.50%$500-9 Month Share Certificate
0.45%$500-6 Month Share Certificate
0.25%$500-3 Month Share Certificate

United Nations Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month IRA Certificate
1.50%$500-36 Month IRA Certificate
1.40%$500-30 Month- Flex Rate IRA
1.25%$500-24 Month IRA Certificate
0.80%$500-18 Month IRA Certificate
0.75%$500-12 Month IRA Certificate
0.50%$500-9 Month IRA Certificate
0.45%$500-6 Month IRA Certificate
0.25%$500-3 Month IRA Certificate
Locations


United Nations Federal Credit Union Locations
Branch Office1775 Pennsylvania Ave NWWashington, DC 20006
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