Sep, 30, 2025 — FIRST NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 8 branch locations and about $504.46 million in total assets. Opened 89 years ago in 1937, FIRST NEW YORK FEDERAL CREDIT UNION has about 38,763 members and employs 144 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST NEW YORK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2 Wall St ALBANY, NY 12205-3845 |
| Phone: | (518) 393-1326 |
| Fax: | |
| Website: | https://www.firstnewyork.org |
| Branches: | 8 branch locations |
| Members: | 38,763 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2440 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $504,456,473 |
| CEO/Manager: | Lucy M Halstead |
| Chairperson: | Brian Krawiecki |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,403,771 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 253,106,378 |
| Unsecured Loans | 35,754,600 |
| Other Loans | 84,192,975 |
| TOTAL LOANS | 395,293,407 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,855,548 |
| Land And Building | 8,554,015 |
| Other Fixed Assets | 4,362,632 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,489,494 |
| All Other Assets | 75,662 |
| TOTAL ASSETS | 504,456,473 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,371,404 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 94,374,923 |
| Regular shares | 214,712,929 |
| All Other Shares & Deposits | 143,652,317 |
| TOTAL SHARES & DEPOSITS | 452,740,169 |
| TOTAL LIABILITIES | 461,111,573 |
| Regular Reserve | 0 |
| Other Reserves | -5,319,148 |
| Undivided Earnings | 48,664,048 |
| TOTAL EQUITY | 43,344,900 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 504,456,473 |
| INCOME & EXPENSE | |
| Loan Income | 16,317,941 |
| Investment Income | 2,348,087 |
| Other Income | 1,883,127 |
| Total Employee Compensation & Benefits | 7,892,256 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,417,287 |
| Non-operating Income & (Expense) | 44,652 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 965,149 |
| Cost of Funds | 3,369,878 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,166,710 |
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