First New York Federal Credit Union has been granted a superior 5-star rating from BAUERFINANCIAL, Inc. - the highest rating a financial institution can achieve. BAUERFINANCIAL, Inc. is the source for unbiased, independent bank and credit union star ratings. Credit Unions with this superior 5-star rating are operating well above their regulatory capital requirements and are financially sound.
“First New York was formed in 1937 by a group of teachers coming together to help one another during difficult times. Eighty-three years later, we continue that mission of helping one another and serving our members and our community across a variety of circumstances – including pandemics,” said Lucy G. Halstead, President and Chief Executive Officer.
First New York Federal Credit Union has been offering quality products for 83 years. First New York Federal Credit Union offers all traditional banking products such as credit cards, mortgages, home equity and auto loans, checking and savings accounts, share certificates, money market accounts, and investments.
First New York Federal Credit Union is a not for profit financial cooperative which is currently serving over 33,000 members and has a total of assets over $380 million. The Credit Union was originally founded in 1937 as Schenectady Teachers Federal Credit Union. They currently have nine locations: Niskayuna, Cobleskill, Glenville, Albany, Rotterdam, Saratoga Springs, Halfmoon, North Greenbush and Colonie.