Credit union · NCUA insured
Greater Metro Federal Credit Union
A $77.9M credit union headquartered in Long Island City, NY, with 3,748 members and 2 branches in New York. Best rates: CDs 4.45% and savings 0.10% APY.
Greater Metro Federal Credit Union Carrot Score
84
Carrot Score
Higher than 68% of U.S. banks and credit unions
#57 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Greater Metro Federal Credit Union
Originally established in 1970 by a group of IBM employees in the Metropolitan New York area, Greater Metro Federal Credit Union is a member-owned financial institution.
In 1994, the credit union merged with Varoh Federal Credit Union and later changed its name from IBM Metro Employees Federal Credit Union.
- Headquarters
- 3110 37th Ave, Long Island City, NY 11101-2128
- NCUA charter
- 20382
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Membership is available to employees of participating select groups and employers.
Family and household
- Immediate family members (spouse, children, parents, brothers, sisters, grandparents, and grandchildren) and household members sharing living expenses with a credit union member are eligible to join.
- Membership is open to spouses of deceased members, credit union employees and their family members, retirees/pensioners/annuitants from qualifying employment and their immediate family/household, and organizations of such persons.
Cost to join
- Joining requires depositing a minimum of $5.00 in a Share Account (via cash or payroll deduction), with no joining fee or dues.
Branches
2 branches in New York
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New York
2 branches
- Main OfficeMain office3110 37th Ave, Long Island City, NY 11101Directions
- VA Office423 E 23rd St, New York, NY 10010Directions
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
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.75% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.83% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.32% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $31 | $59 | — |
- CapitalNet worth ratio11.75%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.83%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.32%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$31Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million 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 Greater Metro 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.