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NYM Rates & Review April 2026

Q: Is NYM a safe place to deposit money?

Yes, NYM is considered a safe financial institution. With a Texas Ratio of 1.366281164462%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

Q: How many branches does NYM operate?

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

Q: Is a member application needed to join NYM?

Yes, to access services at NYM, 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.

Q: Is there a first-time homebuyer program?

Currently, NYM 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.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, NYM 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: April 1, 2026

You can compare NYM rates to other rates in our database, including 12-month share certificate rates currently at 2.00%, 6-month share certificate rates at 1.05% and 3-month share certificate rates at 3.50%. Savings rates are at 0.05% and money market rates are at 0.15%. Mortgage rates on 30-year fixed loans are around 6.12%. All these rates can be compared to NYM rates. MonitorBankRates evaluates the financial stability of NYM with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.37%. Rates were last updated on 04/01/2026.

NYM 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 NYM? Share your experience about NYM by leaving a review below, or read customer reviews before you decide to use NYM.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.37%

Excellent Lower than avg

Chelsea Groton Bank
NYM FCU

501 6th St Ste 2F
Brooklyn, NY 11215 3648

http://www.nymfcu.org

Current Rate Availability

We do not have NYM rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for NYM 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 NYM 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 NYM's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name NYM

Website http://www.nymfcu.org

Address 501 6th St Ste 2F, Brooklyn, NY 11215 3648

Phone 718-780-3618

Fax 718-780-3633

President Laura Montemarano

CEO Sabrina Singh

Full-Time Employees 4

Part-Time Employees 0

Branch Locations 1

ATM Locations 1

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

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

1.37%

Return on Assets (ROA)

0.2370%

Return on Equity (ROE)

1.4830%

Non-Performing Loans Ratio (NPL)

1.12%

Total Assets

19,365,348

Total Amount of Shares and Deposits

16,221,636

Total Shares and Deposits < 1 Year

16,221,636

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

92,592

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

92,592

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

16,129,044

Total Interest Expense (Sum of items 6 8)

23,471

Number of Accounts for Share Drafts

1,236

Number of Accounts for Regular Shares

2,158

All other shares

532

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

-57,081

Total Liabilities

16,270,597

Source: NCUA — Last Updated 09/30/2025

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Frequently Asked Questions About NYM

Is NYM a safe place to deposit money?

Yes, NYM is considered a safe financial institution. With a Texas Ratio of 1.366281164462%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does NYM operate?

NYM 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 NYM?

Yes, to access services at NYM, 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, NYM 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, NYM provides members with tools to manage their accounts and build a solid financial history.

Does NYM offer online and mobile banking?

Most modern institutions like NYM 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.nymfcu.org.