Federal credit union · Albany, New York · NCUA charter #2440
First New York
Health score 92/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 92
- Health / 100
- $535.0M
- Total assets
- 38,878
- Members
- 9.4%
- Net-worth ratio
First New York scores 92/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $535.0M; members 38,878; net-worth ratio 9.45%; health rank #850 of 4,374; healthier than 80th of scored peers.
NCUA 5300 Call Report masthead
NCUA 5300 Call Report Masthead
#850 of 4,374 health · 2025Q4First New York · health 92/100 · $535.0M · 2025Q4
Call Report peers
First New York in the assets neighbourhood
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First New York vs every NCUA-scored credit union
The busiest band is 85-89 (858 credit unions); First New York sits in 90-94 with 747 others.
92 Top 20% higher than 80% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
Where First New York diverges from peer averages
- Strongest edge vs 749 Over $500M peers is Loan-to-Share Ratio: +2.67 pp (86.57% vs 83.90%).
- Net Worth Ratio trails the peer set - 9.45% here, 11.18% peer average (-1.73 pp).
First New York: in-state Call Report ranks
- In New York, health place is #46 of 272 on the same NCUA-ratio sort used nationally.
- By total assets, First New York is #34 of 272 in New York.
- Membership ranks #32 of 272 among New York CUs with a reported count (38,878 members).
- One place up in New York, ADVANTAGE (#45) ties at 92/100; one place down, Salt City (#47) ties at 92/100.
First New York Call Report trajectory
First New York: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved +4.0% from $535.0M (2025Q4) to $556.3M (2026Q1).
- Net-worth ratio shifted -0.02 pp (9.47% → 9.45%).
9.45% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).
How the 92/100 score is built
First New York gives up 8 points in total. Member Growth costs the most, 4.4 of its 15; Return on Assets and Loan-to-Share Ratio score full marks.
- Net Worth Ratio 28.6 pts
- Delinquency Rate 22.4 pts
- Return on Assets 15.0 pts
- Member Growth 10.6 pts
- Loan-to-Share Ratio 15.4 pts
Financial Health Metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 9.45% | -1.73 pp |
| Delinquency Rate | 0.76% | -0.12 pp |
| Return on Assets | 0.55% | +0.04 pp |
| Member Growth | 1.36% | - |
| Loan-to-Share Ratio | 86.57% | +2.67 pp |
Peer averages: Over $500M cohort, 749 credit unions, 2025Q4 filing.
First New York quarterly book
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $556.3M | - |
| 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
Branch Locations (9)
The NCUA branch filing lists 9 physical offices for First New York, spread across 7 cities.
| Office | City |
|---|---|
| Wall St Location (Main Office) | Albany, NY |
| Albany Location | Albany, NY |
| Cobleskill Location | Cobleskill, NY |
| Halfmoon Branch | Halfmoon, NY |
| Saratoga Location | Saratoga Springs, NY |
| Rotterdam Location | Schenectady, NY |
| Niskyuna Location | Schenectady, NY |
| Glenville Location | Scotia, NY |
| North Greenbush Branch | Troy, NY |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in New York
A look at other New York credit unions, ranked by how closely their peer group and asset size match this one.
Other-state peers near First New York
Using this data
- First New York ranks #850 of 4,374 nationally on financial health and #46 of 272 in NY -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- PITTSFORD is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with PITTSFORD
Frequently Asked Questions
Is First New York financially healthy?
First New York has a financial health score of 92/100 (Excellent) from its 2025Q4 NCUA 5300 Call Report. It ranks #850 of 4,374 nationally on health and #46 of 272 in New York. Its net worth ratio is 9.45% and its delinquency rate 0.76%.
How does First New York compare to other credit unions?
First New York scores 92/100, higher than 80% of the 4,374 scored credit unions. Against the 749 peers in the Over $500M cohort, its widest edge is loan-to-share ratio (86.57% vs 83.90%). Its widest shortfall is net worth ratio (9.45% vs 11.18%).
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?
First New York is a federal credit union; its shares are federally 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 9.45% exceeds the 7% threshold NCUA considers "well capitalized."
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.