About Membership

Create Opportunities that Strengthen your Communities

To use the FHLBNY’s credit, housing and community development, mortgage finance, and correspondent programs and services, a financial institution must first become a member. Regulated financial institutions, including savings banks, savings and loan associations, commercial banks, credit unions, insurance companies and community development financial institutions located in New Jersey, New York, Puerto Rico or the U.S. Virgin Islands may apply for membership.

When an institution’s application is approved, it must purchase capital stock. The stock may pay a quarterly dividend as determined by FHLBNY’s Board of Directors.

About Us: Strength in Numbers

The FHLBNY is a triple-A-rated, congressionally chartered, wholesale bank within the national Federal Home Loan Bank System.

As of June 30, 2019:

 

338 member institutions including commercial banks, thrifts, credit unions, community development financial institutions, housing associates and insurance companies in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands

 

$150.6 billion in assets

 

$102.4 billion dollars in advances

Members of the FHLBNY have access to a number of unique benefits:

 

Reliable, low-cost funding to meet your liquidity needs

 

Fixed- and floating-rate advance products and derivative products with flexible terms and maturities to assist your interest rate risk management

 

Community Investment, Rural and Urban Economic Development Advances, Homebuyer Dream ProgramTM and Affordable Housing Program to aid your CRA efforts

 

Triple-A-rated letters of credit to secure various obligations, which include municipal deposits, bond issues and private placements

 

Deposit products for your excess funds

 

Innovative mortgage participation, funding and purchase products to enhance your competitive position

 

High-quality correspondent services to meet your daily operating needs

 

A community-building partner that understands the needs of members and offers financial strength, quality service and competitive pricing

Key Contacts

Relationship Managers:
(212) 441-6700
[email protected]

Interactive Membership Application Package

Download all the information and required forms for membership.

DOWNLOAD

For more information about membership, visit our Membership FAQs.

Eligibility

In order to be eligible for membership, your institution must meet certain requirements.

Choose your institution type to learn more about your membership opportunities

Banks

Credit Unions

Insurance Companies

Housing Associate Certification

Community Development Financial Institutions

Key Contacts

Relationship Managers:
(212) 441-6700
[email protected]

Interactive Membership Application Package

Download all the information and required forms for membership.

DOWNLOAD

For more information about membership, visit our Membership FAQs.

Eligibility

In order to be eligible for membership, your institution must meet certain requirements.