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Brooklyn Cooperative Federal Credit Union

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Brooklyn Cooperative Federal Credit Union Rates & Review September 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Brooklyn Cooperative Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 21, 2026

Brooklyn Cooperative Federal Credit Union's 5/1 Adjustable Rate Loan rates are at 5.60%, 10/1 Adjustable Rate Loan rates are at 5.80%, 15/15 Adjustable Rate Loan rates are at 6.75%. Brooklyn Cooperative Federal Credit Union's Personal Loan Rates are as low as 17.00%. MonitorBankRates evaluates the financial stability of Brooklyn Cooperative Federal Credit Union with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 13.40%. Rates last updated and verified on 09/21/2026.

Brooklyn Cooperative Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Brooklyn Cooperative Federal Credit Union? Share your experience about Brooklyn Cooperative Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Brooklyn Cooperative Federal Credit Union.

Verified Healthy 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

Excellent Health Score: 93/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

13.40%

Excellent Higher than avg

Health Trend

Worsening 12 quarters

Full history ›

Brooklyn Cooperative Federal Credit Union
Bushwick branch

1308 Myrtle Ave
Brooklyn, NY 11221

https://www.brooklyn.coop/

Brooklyn Cooperative Federal Credit Union Savings Rates

Product	Rate	APY	View More
High Yield Club Account	-	3.25%
Details Savings more than $100,000 earn 2% APY; Dividends payable monthly; Savings locked from January 1 - May 31 and from July 1 - November 30; Withdrawal penalty applies in other months; Membership Required Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%

Brooklyn Cooperative Federal Credit Union Mortgage Rates

Product	Rate	Points	APR
5/1 Adjustable Rate Loan	-	-	5.60%
Details Published APR range: 5.60 - 5.95. Initial Rate on First Lien Owner-Occupied Residential Real Estate (mortgage amounts of $500,000 or less) Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%
10/1 Adjustable Rate Loan	-	-	5.80%
Details Published APR range: 5.80 - 6.15. Initial Rate on First Lien Owner-Occupied Residential Real Estate (mortgage amounts of $500,000 or less) Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%
15/15 Adjustable Rate Loan	-	-	6.75%
Details Published APR range: 6.75 - 7.10. Initial Rate on First Lien Owner-Occupied Residential Real Estate (mortgage amounts of $500,000 or less) Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%

Brooklyn Cooperative Federal Credit Union Personal Loan Rates

Product	APR	Term	View More
Personal Loans	17.00%
Details Fast decisions for emergencies, big purchases, or life projects. Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%

Brooklyn Cooperative Federal Credit Union Other Rates

Product	Rate	Points	APY/APR
1/1 Adjustable Rate Loan	-	-	5.10%
Details Published APR range: 5.10 - 5.45. Initial Rate on First Lien Owner-Occupied Residential Real Estate (mortgage amounts of $500,000 or less) Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%
30/30 Fixed Rate	-	-	7.65%
Details Published APR range: 7.65 - 8.00. Initial Rate on First Lien Owner-Occupied Residential Real Estate (mortgage amounts of $500,000 or less) Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%
5/5 Adjustable Rate Loan	-	-	5.75%
Details Published APR range: 5.75 - 6.10. Initial Rate on First Lien Owner-Occupied Residential Real Estate (mortgage amounts of $500,000 or less) Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%
Build My Business Loan	-	-	13.50%
Details Loans and support designed to help neighborhood entrepreneurs grow. Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%
Build My Credit Loan	-	-	10.00%
Last Updated 09/21/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 13.40%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Financial Health History

Brooklyn Cooperative Federal Credit Union’s Texas Ratio rose from 4.06% in Q2 2023 to 13.40% in Q1 2026, so its financial health has weakened over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0 and its Health Grade from A+ to A. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a credit union must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
March 31, 2026	$57M	13.40%	5.0	A
December 31, 2025	$55M	16.86%	4.9	A-
September 30, 2025	$55M	14.47%	5.0	A-
June 30, 2025	$55M	4.88%	5.0	A+
March 31, 2025	$54M	2.34%	5.0	A+
December 31, 2024	$54M	13.46%	5.0	A
September 30, 2024	$54M	12.88%	5.0	A
June 30, 2024	$54M	20.17%	4.6	B
March 31, 2024	$52M	2.34%	5.0	A+
December 31, 2023	$49M	1.14%	5.0	A+
September 30, 2023	$47M	2.37%	5.0	A+
June 30, 2023	$48M	4.06%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Brooklyn Cooperative Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Brooklyn Cooperative Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Brooklyn Cooperative Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Brooklyn Cooperative Federal Credit Union

Website https://www.brooklyn.coop/

Address 1308 Myrtle Ave, Brooklyn, NY 11221

Phone 718-418-8232

Fax 718-418-8252

President Jose Rolando Guzman

CEO Samira Rajan

Full-Time Employees 20

Part-Time Employees 1

Branch Locations 3

ATM Locations 3

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A (93/100)

Texas Ratio

13.40%

Return on Assets (ROA)

0.0172%

Return on Equity (ROE)

0.1751%

Non-Performing Loans Ratio (NPL)

1.94%

Total Assets

57,160,596

Total Amount of Shares and Deposits

50,087,629

Total Shares and Deposits < 1 Year

50,087,629

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

2,377,924

Total Uninsured Shares and Deposits > $250K (F+J)

5,127,924

Total Insured Shares and Deposits > $250K (item 17 less item K)

44,959,705

Total Interest Expense (Sum of items 6 8)

101,606

Share Certificates

Number of Accounts for Share Drafts

2,324

Number of Accounts for Regular Shares

6,185

All other shares

1,963

Non Member Deposits

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

1,843,761

Total Liabilities

51,671,369

Source: NCUA — Last Updated 03/31/2026

2026 MBR Health & Safety Badge

Brooklyn Cooperative Federal Credit Union earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates — no need to download or upload anything.

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  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026.svg"
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Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Frequently Asked Questions About Brooklyn Cooperative Federal Credit Union

How many branches does Brooklyn Cooperative Federal Credit Union operate?

Brooklyn Cooperative Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Brooklyn Cooperative Federal Credit Union?

Yes, to access services at Brooklyn Cooperative Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Brooklyn Cooperative Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Brooklyn Cooperative Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Brooklyn Cooperative Federal Credit Union offer online and mobile banking?

Most modern institutions like Brooklyn Cooperative Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.brooklyn.coop/.