First New York
First New York is a credit union based in Albany, New York, established in 1937, with $556 million in total assets serving 39,123 members. By Trust Grade it ranks 210th of 267 credit unions we track in New York. Its net worth ratio of 9.4% trails most similarly sized credit unions (22th percentile), versus a New York median of 12%. It was profitable over the most recent period, with a 0.46% return on assets. No consumer complaints against First New York appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First New York compares to New York peers
How we graded First New York
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (9.4% capital ratio)
- Profitable (ROA 0.46%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First New York over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at First New York insured?
Yes. First New York is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First New York: frequently asked questions
Is First New York a good credit union?
First New York earns a Bankzia Trust Grade of B (84/100, "Strong"), based on a financial-strength score of 84/100 (it has no CFPB complaints on record). Well-capitalized (9.4% capital ratio); Profitable (ROA 0.46%).
Is First New York NCUA-insured?
Yes. First New York is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is First New York?
First New York holds $556 million in total assets, ranking 210th of 267 credit unions we track in New York. It serves 39,123 members.
Does First New York have CFPB complaints?
No CFPB complaints against First New York appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
