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
- HEALTH 92/100
- NW 9.4%
- DELQ 0.76%
- ROA 0.55%
- ASSETS $535.0M
- MEM 38,878
- RANK #850/4,374
- PHOTO CALL
- BOOK 2440
Call Report peers
First New York in the assets neighbourhood
First New York's $535.0M assets sit next to CALL ($535.1M) on the assets neighbourhood; peer NAMES stay, and the masthead VALUES are this credit union's Call Report.
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
First New York vs every NCUA-scored credit union
Where this credit union's health score sits among every federally insured CU with a scored NCUA 5300 filing
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
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.
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).
Peer averages are NCUA 5300 means for the Over $500M cohort (749 CUs), 2025Q4 vintage - registry deltas only, not a join recommendation.
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).
In-state ordinals use the live credit_unions table for NY only - ROW_NUMBER sorts match /rankings healthiest and largest, scoped to the state.
First New York Call Report trajectory
First New York: total assets by quarter
4 Call Report filings on this page's own vintage chain
- Assets moved +4.0% from $535.0M (2025Q4) to $556.3M (2026Q1).
- Net-worth ratio shifted -0.02 pp (9.47% → 9.45%).
Trajectory uses quarterly_financials rows already on this page - same NCUA 5300 vintage chain, not a forecast.
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
Each segment is a pillar's weighted contribution to the composite; widths sum to 92.
- 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 |
Health score = weighted composite of the five NCUA ratios above. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: Over $500M (749 CUs).
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
Two NCUA Call Report peer sets for First New York, both outside New York so the neighborhoods are not state containment (the Nearby list above stays in-state).
Similar total assets
Nearest other-state credit unions with ≥$10M assets ($535.0M here).
Similar health score
Nearest other-state credit unions by five-factor health composite (92/100 here).
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
- Rates and health both vary by institution, not just by state -- see how New York credit unions compare overall before assuming this one is typical. New York state overview
National and state figures are benchmarks built from NCUA 5300 Call Report data, not a recommendation for any individual account decision.
Frequently Asked Questions
Is First New York financially healthy?
First New York has a financial health score of 92/100 (Excellent) based on NCUA 5300 Call Report data as of Q4 2025. On the national health ranking (same basis as /rankings/healthiest), it sits at #850 of 4,374; by total assets it ranks #724 of 4,374 nationally (same basis as /rankings/largest); and #34 of 272 within New York. Scores above 80 indicate excellent financial health; scores below 50 may warrant closer monitoring. Key factors include net worth ratio of 9.45% and delinquency rate of 0.76%.
How does First New York compare to other credit unions?
92/100 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 9.45% 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.
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.