New York State Credit Unions

New York State credit unions are member-owned financial cooperatives that provide banking services, such as savings accounts, loans, and checking accounts, to their members. Unlike traditional banks, they prioritize serving their members’ needs rather than making profit. Members usually share a common bond, such as working for the same employer or living in the same community. Credit unions often offer lower fees and better interest rates. Regulated by both state and federal agencies, they are safe places to save and borrow money while fostering a sense of community and financial empowerment among their members.