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New York Times Employees Credit Union

Overview
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New York Times Employees Credit Union is a federal credit union based in New York, New York. It has been opened since 1954, for 66 years.

With around $74,650,000 in assets, New York Times Employees Credit Union is considered to be a large credit union. It has 3 branches and 2 ATM locations.

About
Address 620 8th Avenue Fl 28
New York, New York 10018
Website http://www.nytimescu.org
Phone (212) 354-0351
Fax (212) 921-0385
CEO Darlene Greene
President of the Board Joseph Lombardi
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
6,280 members
Membership type: Multiple common bond – primary communications and utilities
Above average number of members
571:1
Credit union member to staff ratio
571 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$74,648,509
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
9.00%
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
New York Times Employees Credit Union Branch Locations

New York Times Employees Credit Union: Edison Office
75 Fieldcrest Avenue
Raritan Plaza Ii Suite A21
Edison, New Jersey 08837
No ATM
New York Times Employees Credit Union: Main Office
620 8th Avenue Fl 28
New York, New York 10018
ATM Available
New York Times Employees Credit Union: College Point
1 New York Times Plz
Flushing, New York 11354
ATM Available
Members
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6,280 members
Membership type: Multiple common bond – primary communications and utilities
Above average number of members

With 6,280 members, the New York Times Employees Credit Union is considered to be a large credit union. It is larger than 61% of credit unions.

Fees
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$14
Average fee per member
The average fee per member at the New York Times Employees Credit Union is $14, which is low compared to most credit unions. This rate is lower than 78% 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 New York Times Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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571:1
Credit union member to staff ratio
571 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
11 staff members
FTE (full-time equivalent)
0% of employees are part-time
11 full-time, 0 part-time

New York Times Employees Credit Union has 11 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. New York Times Employees Credit Union has around 571 members per staff, a high ratio compared to other credit unions.

Assets
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$74,648,509
Total assets
Above 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.
17.0%
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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$10,695
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 55% of credit unions.

New York Times Employees Credit Union holds a total of $30,830,000 in loans and leases, which is about $10,695 per member on average.

Savings interest rate
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0.25%
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. New York Times Employees Credit Union pays 0.25%.

Loan rates
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9.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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1.99%
New car loan rate
Compared to 4.0% nationally
1.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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