Personal Loans

Annual Percentage Rates valid as of July 1, 2017

A Personal Loan is your "anything" loan. You may use the money for home improvements, personal computers, vacations, weddings, and more.  You have the need, we have the solution!

  • Receive a discount of 0.25% Annual Percentage Rate with automatic loan payments
  • Borrow up to $25,000 per member, subject to credit approval
  • Choose a repayment term, up to 5 years, that meets your needs
  • Minimum loan is $500
  • Payment protection available

What's My Payment?

*Annual Percentage Rate (APR) is fixed. Actual rate offered may vary. Rates are subject to change at any time and all loans are subject to approval. 0.25% APR discount available for automatic loan payments and automatic payment discounts are reflected in the rates above. Monthly payment amount is calculated per $1,000 and is based on a 30 day month.

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HELP Loan

Our Help Loan is for members who want to build a positive credit rating by demonstrating their ability to repay.

You may qualify for a Help Loan if:

  • You are a member "in good standing" with First New York FCU and not currently in bankruptcy
  • You are currently employed, and have been for at least 12 months
  • Receive a discount of 0.25% Annual Percentage Rate with automatic loan payments
  • Maximum term of up to 12 months
  • Maximum loan amount of $1,000
  • Proceeds must be used to pay an existing debt and the check will be made payable - No Cash Out

For Help Loan rate information or to apply, call 393-1326 and press 3, or visit any First New York branch.

Cashline Overdraft Protection

Mistakes happen!  Addition or subtraction errors, or forgetting to write a transaction in your checkbook can create an embarrassing situation.  With Cashline, we can help prevent accidental overdrafts or allow you to take a loan up to the amount of your approved limit by writing a check.  Get Cashline for peace of mind!

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  • Variable rate based on Prime Rate; adjusts quarterly
  • Receive a monthly statement by mail or by e-statement
  • Maximum line of credit of $5,000

Variable loan rates are set quarterly and based on the actual Prime Rate on the last business day of the previous quarter. $5,000 maximum. The Prime Rate as of 6/30/2017 was 4.25% APR as published in the Wall Street Journal.

Share Secured Loans

Use your savings to give yourself a loan!  If you have a savings account, but you don't want to withdraw the money, give yourself a loan!  With our Share Secured Loan, you can borrow against the money you have on deposit, without withdrawing the money!

  • Interest rate is 3% above share dividend rate and adjusts quarterly
  • Term up to 10 years
  • Receive a monthly statement by mail or by e-statement
  • Maximum amount is based on account balance

*Competitive Variable Rate. After disbursal, the loan rate may adjust quarterly. The variable Annual Percentage Rate (APR) will be based on the share rate on the first business day of the current quarter. See share rates for current rates. APR offered is subject to change at any time and all loans are subject to approval. Maximum amount for loan is based on individual Share balance.

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Share Certificate Secured Loans

Use your certificate to give yourself a loan!  If you have a certificate account, but you don't want to withdraw the money, give yourself a loan!  With our Share Certificate Secured Loan, you can borrow against the money you have on deposit, without withdrawing the money!

  • Interest rate is 3% above share certificate dividend rate
  • Term up to the term of the certificate
  • Receive a monthly statement by mail or by e-statement
  • Maximum amount is based on account balance

Competitive Fixed Rate. Borrow up to 100% of your certificate balance.

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Stock Secured Loans

Use your investments to give yourself a loan!  If you have stocks, but don't want to cash them in, give yourself a loan! With our Stock Secured Loan, you can borrow against the value of the stock, without selling them.

  • Fixed interest rate
  • Term up to 5 years
  • Receive a monthly statement by mail or by e-statement
  • Maximum loan amount is 50% of stock value up to $50,000

Competitive Fixed Rate. 50% of stock value up to $50,000 maximum. Monthly Payment is based on a 30 Day Month.

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