Credit union · NCUA insured
New York Times Employees' Credit Union Carrot Score
Top CarrotA $72.4M credit union headquartered in New York, NY, with 4,143 members and 2 branches in New York.
New York Times Employees' Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 88% of U.S. banks and credit unions
- CDs69
- Savings81
- Auto loans88
- Credit cards88
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where New York Times Employees' Credit Union ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
69beats 23% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 2.25% | 21% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 2.75% | 19% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 2.85% | 31% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 3.25% | 56% | 3.05% | 3.65% | 4.07% |
| Qualified | 3.25% | 18% | 3.85% | 4.15% | 4.35% |
Best rates 43.5 · all terms 28.3 → 37.4 → 69
Savings
81top 45% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 0.60% | 77% | 0.20% | 0.50% | 1.51% |
| $10,000 | 0.60% | 56% | 0.50% | 1.15% | 2.20% |
| $100,000 | 0.60% | 39% | 1.00% | 2.01% | 2.93% |
| Qualified | 0.60% | 51% | 0.60% | 1.31% | 2.43% |
Best rates 53.3 · all balances 55.8 → 54.3 → 81
Auto loans
88top 16% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 4.49% | 85% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 4.74% | 84% | 5.39% | 4.99% | 4.49% |
Best rates 85.4 · all vehicles 84.5 → 85.0 → 88
Credit cards
88top 19% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 9.00% | 82% | 10.90% | 9.90% | 8.90% |
Best rates 81.9 · all rates 81.9 → 81.9 → 88
Where the score could improve
- CDs, 9-15 months4.00%2.75% today, higher than 19% of U.S. institutions. 4.00% would reach the top quarter; 4.25% the top 10%.
- CDs, 16-30 months3.85%2.85% today, higher than 31% of U.S. institutions. 3.85% would reach the top quarter; 4.20% the top 10%.
- CDs, Qualified4.15%3.25% today, higher than 18% of U.S. institutions. 4.15% would reach the top quarter; 4.35% the top 10%.
- To score in the 90s3.83%At least one product needs a rate near the best in the country, like 3.83% or more on a 31-60 month CD (3.25% today), and strong rates on its other terms.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How New York Times Employees' Credit Union got its score
Its products stand at 85.0 for auto loans, 81.9 for credit cards, 54.3 for savings and 37.4 for CDs, out of 100. Its best two, auto loans and credit cards, average 83.5. Publishing four products adds 3.0, for 86.5. That puts it in the top 12% nationally: a Carrot Score of 89, a Top Carrot.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.