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Albany Firemens Credit Union

Overview
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Albany Firemens Credit Union is a federal credit union based in Albany, New York. It has been opened since 1935, for 85 years.

With around $18,850,000 in assets, Albany Firemens Credit Union is considered to be a medium size credit union.

About
Address 532 Central Avenue
Albany, New York 12206
Website http://ALBANYFIREMENSFCU.COM
Phone (518) 453-9748
Fax (518) 453-9726
CEO Renee Cowan
President of the Board Michael Tobler
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
2,428 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members
286:1
Credit union member to staff ratio
286 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$18,847,536
Total assets
Below average
3 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
11.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
Albany Firemens Credit Union Branch Locations

Albany Firemens Credit Union: Fed Comp Inc
10300 Eaton Pl Suite 330
Fairfax, Virginia 22030
No ATM
Albany Firemens Credit Union: Appfa
39 Quail Street
Albany, New York 12206
No ATM
Albany Firemens Credit Union: Main Office
532 Central Avenue
Albany, New York 12206
No ATM
Members
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2,428 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members

With 2,428 members, the Albany Firemens Credit Union is considered to be a small credit union. It is smaller than 60% of credit unions.

Fees
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$10
Average fee per member
The average fee per member at the Albany Firemens Credit Union is $10, which is very low compared to most credit unions. This rate is lower than 81% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Albany Firemens Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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286:1
Credit union member to staff ratio
286 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
8 staff members
FTE (full-time equivalent)
11% of employees are part-time
8 full-time, 1 part-time

Albany Firemens Credit Union has 8 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 89% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Albany Firemens Credit Union has around 286 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$18,847,536
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$7,737
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 72% of credit unions.

Albany Firemens Credit Union holds a total of $10,720,000 in loans and leases, which is about $7,737 per member on average.

Savings interest rate
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0.20%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Albany Firemens Credit Union pays 0.20%.

Loan rates
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11.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.00%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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