Federal credit union · Albany, New York · NCUA charter #2440

First New York

Health score 91/100 (Excellent) - from the NCUA 5300 Call Report, 2025Q4.

91
Health / 100
$535.0M
Total assets
38,878
Members
9.2%
Net-worth ratio

First New York - Share Insurance Coverage

Charter #2440's composite supervisory bracket and risk-based capital, as reported in the 2025Q4 NCUA Call Report. See our deposit-insurance coverage note for how NCUSIF protection works.

NCUSIF coverage gauge for First New York Share insurance under NCUSIF covers up to $250,000 per share owner. First New York holds approximately $480.1M in member shares. Composite CAMELS rating bracket 1 (Strong). Risk-based capital ratio 9.2 percent. Share Insurance Coverage Federal NCUSIF - $250K per share owner 1 2 3 4 5 CAMELS 1 · Strong RBC ratio 9.2% · $480.1M member shares Insured · backed by full faith and credit of the United States
Source: NCUA 5300 Call Report 2025Q4 - share insurance under Title II of the Federal Credit Union Act

First New York - Five Health Pillars

Below, five 0-100 sub-scores, one per pillar of the composite. Weight and sum them and the result matches the headline health score above exactly - same NCUA 5300 figures, no normalisation tricks.

  • Capital (net worth ratio) 9.25% 30% weight
  • Asset quality (delinquency) 0.76% 25% weight
  • Earnings (ROA) 0.55% 15% weight
  • Member growth 1.36% 15% weight
  • Liquidity (loan-to-share) 87% 15% weight

Weighted composite: 91/100 - each bar is the 0–100 sub-score; the composite weights them 30/25/15/15/15.

Source: NCUA 5300 Call Report, sub-scores per PlainCU methodology (see the methodology guide)
Net worth ratio vs. NCUA well-capitalized threshold 61.7%

9.25% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).

$535.0M
Total Assets
38,878
Members
$415.6M
Total Loans
$480.1M
Total Deposits

Financial Health Metrics

Metric Value Weight
Net Worth Ratio 9.25% 30%
Delinquency Rate 0.76% 25%
Return on Assets 0.55% 15%
Member Growth 1.36% 15%
Loan-to-Share Ratio 86.57% 15%

Health score = weighted composite of above metrics. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: Over $500M (749 CUs).

Historical Financials

Quarter Assets Members
2025Q4 $535.0M 38,878
2024Q4 $508.1M 38,357
2023Q4 $472.1M 36,178

Credit Union Details

Charter Number
2440
Type
Federal
Field of Membership
Community
Peer Group
Over $500M
State
New York
City
Albany
Data Quarter
2025Q4

What This Data Says About First New York

First New York is a federal credit union headquartered in Albany, New York, serving 38,878 members with $535.0M in total assets and $415.6M in outstanding loans as of Q4 2025. Based on its five-factor composite, the institution earns a health score of 91/100 (Excellent), anchored by a net worth ratio of 9.25% - above the 7.0% NCUA "well capitalized" threshold under Prompt Corrective Action rules. Charter #2440 operates under peer group Over $500M, a cohort of 749 similarly-sized institutions.

Two more numbers round out the picture: a 0.76% delinquency rate (loans 60+ days past due against the total book) - the peer group average for Over $500M credit unions sits at 0.874%, so this institution is running tighter than peers - and a 86.57% loan-to-share ratio, above the 80% band that can indicate tighter liquidity management. Return on assets stands at 0.55% on net income of $2.9M for the period; a not-for-profit cooperative typically runs a modest positive ROA, returning surplus to members through better rates and lower fees rather than to shareholders.

Year-over-year membership changed by 1.36%. Reported quarterly to the NCUA, this data reflects the 2025Q4 Call Report period. Eligibility to join runs through the field of membership (currently: Community) - see our disclaimer before opening an account or borrowing, for NCUSIF coverage details and data usage notes.

Nearby Credit Unions in New York

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Compare First New York vs PITTSFORD

Sources & disclaimer

Source: NCUA 5300 Call Report, Q4 2025. Source: NCUA Share Insurance Fund (NCUSIF), federal deposit insurance up to $250,000. Not affiliated with NCUA. For informational purposes only.

Frequently Asked Questions

Is First New York financially healthy?

First New York has a financial health score of 91/100 (Excellent) based on NCUA 5300 Call Report data as of Q4 2025. Scores above 80 indicate excellent financial health; scores below 50 may warrant closer monitoring. Key factors include net worth ratio of 9.25% and delinquency rate of 0.76%.

How does First New York compare to other credit unions?

91/100 is First New York's score on PlainCU's health composite, compared to a peer group average for Over $500M credit unions, built from five weighted NCUA metrics - net worth ratio at 30%, delinquency rate at 25%, return on assets at 15%, member growth at 15%, and loan-to-share ratio at 15%.

What is a credit union health score?

A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.

How can I join First New York?

First New York operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact First New York directly for the exact boundaries and application steps.

Is my money safe at First New York?

Federal credit unions like First New York are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. First New York's net worth ratio of 9.25% exceeds the 7% threshold NCUA considers "well capitalized."

What rates does First New York offer compared to banks?

Credit unions like First New York are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact First New York directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.