Credit union · NCUA insured
First New York Federal Credit Union
Top CarrotA $556.3M credit union headquartered in Albany, NY, with 39,123 members and 9 branches in New York. Best rates: CDs 4.25% and savings 0.10% APY.
First New York Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 82% of U.S. banks and credit unions
#5 of 25 in Albany, NY metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About First New York Federal Credit Union
Founded in 1937 as Schenectady Teachers Federal Credit Union, First New York Federal Credit Union is a member-owned not-for-profit cooperative headquartered in Albany, New York.
The credit union provides banking and lending services across New York's Albany, Schenectady, Rensselaer, Saratoga, and Schoharie counties.
- Headquarters
- 2 Wall St, Albany, NY 12205-3845
- NCUA charter
- 2440
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, worship, or attend school in Albany, Schenectady, Rensselaer, Saratoga, or Schoharie County are eligible for membership.
Family and household
- Individuals related to an existing member are eligible for membership.
Cost to join
- Opening a Primary Share Savings Account with a $1 minimum balance is required to establish membership.
Branches
9 branches in New York
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New York
9 branches
- Wall St LocationMain office2 Wall St, Albany, NY 12205Directions
- Albany Location818 Central Ave, Albany, NY 12206Directions
- Cobleskill Location795 E Main St Ste 1, Cobleskill, NY 12043Directions
- Halfmoon Branch1533 Route 9, Halfmoon, NY 12065Directions
- Saratoga Location424 Maple Ave, Saratoga Springs, NY 12866Directions
- Niskyuna Location1776 Union St, Schenectady, NY 12309Directions
- Rotterdam Location3085 Carman Rd, Schenectady, NY 12303Directions
- Glenville Location19 Glenridge Rd, Scotia, NY 12302Directions
- North Greenbush Branch31 Jordan Rd, Troy, NY 12180Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.39% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.48% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.53% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $81 | $76 | — |
- CapitalNet worth ratio9.39%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.48%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.53%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$81Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of First New York Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.