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NEXT STEP Rates & Review September 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated and Verified: September 22, 2026
NEXT STEP's 48 Month CD Accounts rates are at 3.92%, 24 Month CD Accounts rates are at 3.82%, 6 Month CD Accounts rates are at 3.61%, 3 month 3, 12, 15, 18, or 30-MONTH rates are at 3.00%, 36 Month CD Accounts rates are at 3.00%. NEXT STEP's savings rates are at 0.25%. NEXT STEP's Conventional 15-Year Loan rates are at 5.88%, Conventional 20-Year Loan rates are at 5.99%, Adjustable Rate Mortgages - 10/1 ARM rates are at 5.75%, Adjustable Rate Mortgages - 7/1 ARM rates are at 5.38%, Conventional 30-Year Loan rates are at 6.50%. NEXT STEP's Personal Loan Rates are as low as 8.99%. MonitorBankRates evaluates the financial stability of NEXT STEP with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 6.43%. Rates last updated and verified on 09/22/2026. NEXT STEP 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 NEXT STEP? Share your experience about NEXT STEP by leaving a review below, or read customer reviews before you decide to use NEXT STEP. 
NEXT STEP CD Rates
NEXT STEP Savings Rates
NEXT STEP Mortgage Rates
NEXT STEP Home Equity & HELOC
NEXT STEP Auto Loan Rates
NEXT STEP RV, Boat and Powersport Loan Rates
NEXT STEP Personal Loan Rates
NEXT STEP Other Rates
Financial Health HistoryNEXT STEP’s Texas Ratio rose from 5.46% in Q2 2023 to 6.43% in Q1 2026, so its financial health has held steady at a healthy level 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)
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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
Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for NEXT STEP 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 NEXT STEP 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 NEXT STEP's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
NEXT STEP
Website
http://www.nextstepfcu.org
Address
150 Defreest Dr,
Troy, NY 12180
Phone
518-286-1611
Fax
518-286-2778
President
Mary Beth Vail
CEO
Joseph Wiley
Full-Time Employees
12
Part-Time Employees
1
Branch Locations
2
ATM Locations
2
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A (97/100)
Texas Ratio
6.43%
Return on Assets (ROA)
0.1153%
Return on Equity (ROE)
1.1960%
Non-Performing Loans Ratio (NPL)
2.04%
Total Assets
107,070,493
Total Amount of Shares and Deposits
96,841,607
Total Shares and Deposits < 1 Year
92,246,305
Total Shares and Deposits 1 3 Years
3,709,797
Total Shares and Deposits > 3 Years
885,505
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
2,998,978
Total Uninsured Shares and Deposits > $250K (F+J)
2,998,978
Total Insured Shares and Deposits > $250K (item 17 less item K)
93,842,629
Total Interest Expense (Sum of items 6 8)
188,413
Share Certificates
525
Number of Accounts for Share Drafts
2,400
IRA KEOGH Accounts
82
Number of Accounts for Regular Shares
4,015
All other shares
1,028
Money Market Shares
397
Net Income (unless the amount is already included in Undivided Earnings)
123,402
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)
20,641,806
Total Liabilities
96,752,600
Source: NCUA — Last Updated 03/31/2026
Customer Reviews
There are no reviews for NEXT STEP yet. Feel free to create one below.
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Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.
Add Your Rating and Review for NEXT STEP
Frequently Asked Questions About NEXT STEPHow many branches does NEXT STEP operate?NEXT STEP 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 NEXT STEP?Yes, to access services at NEXT STEP, 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, NEXT STEP 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, NEXT STEP provides members with tools to manage their accounts and build a solid financial history. Does NEXT STEP offer online and mobile banking?Most modern institutions like NEXT STEP 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: http://www.nextstepfcu.org. Current NEXT STEP Rates
Retrieved from our database of financial products. Rates subject to change.
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