Self Reliance NY Federal Credit Union logo

Self Reliance NY Federal Credit Union in New York, NY

4.4/5
Google rating from 30 reviews

Federal credit union established in 1951 serving Ukrainian Americans with $1B+ in assets, offering checking, savings, IRAs, mortgages, and online banking across five NY-area branches.

Data compiled from public sources · Google rating shown when a stored review count is available

Self Reliance NY Federal Credit Union Review

Self Reliance NY Federal Credit Union was founded in 1951 by volunteers under the sponsorship of the New York Branch of the Selfreliance Association of American Ukrainians. It operates as a member-owned cooperative financial institution dedicated to the philosophy of "people helping people," and holds the distinction of being the oldest and largest Ukrainian credit union in the world. The organization serves over 15,000 members with assets exceeding $1 billion.

The credit union offers a comprehensive suite of retail banking services including checking and savings accounts, Individual Retirement Accounts (IRAs), real estate lending with mortgages featuring low rates and flexible terms, VISA EZCards, online and mobile banking available 24/7, and ATM access. Members can access services through five physical branch locations in New York: the headquarters on Second Avenue in Manhattan, plus branches in Astoria, Kerhonkson, Lindenhurst, and Uniondale. The institution emphasizes personalized service with stated commitments to confidentiality, professionalism, and member value.

" The organization is currently integrating products, services, systems, and procedures across all physical and digital channels. This merger represents a substantial consolidation within the Ukrainian-American credit union space and may affect member accounts during the transition period. As a federally-chartered credit union, Self Reliance NY operates under regulatory oversight and membership restrictions tied to the Ukrainian-American community connection.

While the institution boasts strong capitalization and longevity, potential members should note the ongoing system integration from the recent merger and limited branch hours, particularly at smaller locations like Kerhonkson which operates only three days per week with restricted hours.

Services & Features

ATM network and cash access
Branch and ATM locator service
Checking and savings accounts
Financial goal planning and advisory services
Individual Retirement Accounts (IRAs)
Member disclosure and account integration support
Mobile banking application
Online banking with enrollment and login
Real estate lending and mortgages
Telephone banking (888-735-3735)
VISA EZCard (debit card)
Wire transfers and payment services

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Over $1 billion in assets provides institutional stability and member protection
  • Longest-established Ukrainian credit union globally with 73+ years of operating history
  • 24/7 online and mobile banking availability for account access and transactions
  • Five physical branch locations across New York (Manhattan, Queens, Long Island, upstate)
  • Mortgage lending with explicitly advertised low rates and flexible terms
  • Extended Saturday hours (8:30 AM - 2:00 PM) at multiple branches for working members
  • Member-owned cooperative structure aligned with non-profit philosophy

Cons

  • Limited branch hours at smaller locations (Kerhonkson open only Tue/Thu/Sat 10 AM-1 PM)
  • Ongoing system integration from October 2025 merger may cause service disruptions or temporary access issues
  • Membership restricted to Ukrainian-American community members or association affiliations
  • No mention of checking account overdraft protections, fee structures, or interest rates on savings products
  • Geographically concentrated service area limited to New York state only

State Consumer Finance Context

This is state-level context for Credit Unions consumers in New York, NY. It does not confirm that Self Reliance NY Federal Credit Union or this specific location is licensed.

State regulator

New York Department of Financial Services

Key state rules to check

  • Payday lending is banned; civil usury cap of 16% and criminal usury cap of 25% make it illegal.
  • The Department of Financial Services actively enforces against online payday lenders targeting NY residents.
  • Licensed lenders under the Banking Law may charge rates agreed upon for certain loan types.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Self Reliance NY Federal Credit Union offer?

Self Reliance NY Federal Credit Union offers 12 services including Checking and savings accounts, Individual Retirement Accounts (IRAs), Real estate lending and mortgages, VISA EZCard (debit card), Online banking with enrollment and login, and 7 more.

What profile signals are listed for Self Reliance NY Federal Credit Union?

Self Reliance NY Federal Credit Union has profile signals associated with Ukrainian-American families seeking community-rooted banking with shared cultural values, Long-term members wanting to maintain relationships through a stable, well-capitalized institution, New York-area residents needing mortgage lending with personalized service, Members prioritizing member-owned cooperative structure over for-profit banking.

What are the strengths and weaknesses of Self Reliance NY Federal Credit Union?

Key strengths: Over $1 billion in assets provides institutional stability and member protection; Longest-established Ukrainian credit union globally with 73+ years of operating history; 24/7 online and mobile banking availability for account access and transactions. Areas to consider: Limited branch hours at smaller locations (Kerhonkson open only Tue/Thu/Sat 10 AM-1 PM); Ongoing system integration from October 2025 merger may cause service disruptions or temporary access issues.

How does Self Reliance NY Federal Credit Union compare to similar companies?

In the Credit Unions category, comparable providers include Center Parc Credit Union, Delta Community Credit Union, People's Alliance Federal CU. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

CreditDoc Profile Note

Research Note on Self Reliance NY Federal Credit Union

Self Reliance NY FCU is profile signals for Ukrainian-American community members in New York seeking stable, member-focused banking with a 73-year track record and $1B+ in assets. The primary caveat is the ongoing October 2025 merger integration, which may affect system stability and service delivery, plus highly limited hours at smaller branches and membership eligibility restrictions to the Ukrainian-American community.

Profile Signals

  • Ukrainian-American families seeking community-rooted banking with shared cultural values
  • Long-term members wanting to maintain relationships through a stable, well-capitalized institution
  • New York-area residents needing mortgage lending with personalized service
  • Members prioritizing member-owned cooperative structure over for-profit banking
Updated 2026-04-29

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Quick Summary

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