Credit Unions
Join the Strength in Our Cooperative
Like credit unions, we’re also structured as a cooperative — privately owned by our members
Our cooperative’s strength enables us to provide quality credit products at flexible terms, housing and community development programs, mortgage finance products, correspondent services, and educational resources that meet the evolving needs of credit unions. When you partner with the FHLBNY you also gain access to a dedicated team of specialists to help you thrive within your local community and reach your business goals.
Get your Board “On Board”
Our Membership Overview provides key points to help your Board consider the power of membership.
Not a Member?
By becoming a member, you will have access to programs and tools that are dedicated to your credit union’s success.
Fulfill your credit union’s business strategies, meet the needs of your members, and stay competitive in a complex market.
Our partnership provides a strong foundation that supports your relationship with your members. Our members are shareholders -your business empowers the FHLBNY to continuously offer competitively priced products and services to benefit all our members bottom line.
Unique Membership Benefits:
- Reliable, competitive, and flexible funding options for all market conditions
- Attractive cash dividends*
- Innovative mortgage participation, funding, and purchase options to access the
secondary market - Successful community growth products and affordable housing grant programs to assist in meeting economic and community development needs
- Trusted deposit products for your excess funds
- Diverse team specializing in the challenges unique to credit unions, offering support with hedging strategies and market insights to help execute your strategic plans
- Valuable educational resources
*Note: There is no guarantee that the level of future dividends will reflect the level of previous dividend payouts.
Credit Unions Benefiting from FHLBNY Membership
The number of our credit union members has doubled since the start of the financial crisis