Credit Unions vs Payday Loans in New York

269 credit unions are headquartered in New York, with 7,417,017 members in total. 261 are federal credit unions and 8 are state-chartered; all are federally insured by the NCUA.

Credit unions

269

Members

7.4M

Federal

261

State-chartered

8

Members per 100 people

37

CUs per 100k people

1.4

Credit unions vs payday loan stores in New York

New York has 269 credit unions headquartered here and 48 payday, installment and title loan stores. Local credit unions count 7,417,017 members — roughly 37 memberships per 100 residents.

Biggest loan store chains in New York: OneMain Financial (35), loanDepot (7), Mariner Finance (6).

Borrowing $500 for 6 months in New York

Monthly payment at the New York rate cap vs median monthly household income

1.2%

Example calculation with fixed monthly payments; the payday row shows typical out-of-state pricing for comparison. Actual rates and terms vary by lender.

What it means for a household in New York

Median household income

$93,193

A $400 emergency equals

1.6 days of income

Households earning under $25,000

16.1%

Residents below the poverty line

13.8%

Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for New York are population-weighted and approximate. Hours of work are based on the median individual income.

Payday loans vs credit union PALs: the rules in New York

Payday rules: New York law as summarized on our New York payday page. PAL rules: National Credit Union Administration (NCUA) rules for federal credit unions (PAL I and PAL II); state-chartered credit unions may offer similar small loans.

Credit unions by city in New York

Credit unions are headquartered in 139 cities and towns across New York. Pick a city for addresses and websites, or scroll down for the smaller towns.

• New York · 23
• Brooklyn · 11
• Buffalo · 11
• Rochester · 11
• Syracuse · 8
• Albany · 6
• Niagara Falls · 6
• Bronx · 3
• Ithaca · 3
• Utica · 3
• Watertown · 3
• White Plains · 3
• Flushing · 2
• Jamaica · 2
• Lockport · 2
• Mount Vernon · 2
• Poughkeepsie · 2
• Staten Island · 2
• Troy · 2
• Yonkers · 2
• Binghamton · 1
• Far Rockaway · 1
• Jackson Heights · 1
• Middletown · 1
• Monroe · 1
• Queens Village · 1
• Schenectady · 1
• Spring Valley · 1
• Valley Stream · 1

All credit unions in New York

Credit unions in smaller towns of New York

Other cities and towns in New York where credit unions are headquartered, and how many there are in each.

• Akron 1
• Albion 1
• Amherst 4
• Amsterdam 1
• Attica 1
• Auburn 1
• Ballston Spa 1
• Batavia 1
• Bath 1
• Bethpage 1
• Blasdell 1
• Briarcliff Mano 2
• Brockport 1
• Camillus 1
• Canandaigua 1
• Cheektowaga 10
• Churchville 1
• Clarence 1
• Clinton 1
• Cooperstown 1
• Corinth 1
• Corning 2
• Coxsackie 1
• Delevan 1
• Depew 1
• East Aurora 1
• East Meadow 1
• Elma 1
• Elmira 2
• Endicott 1
• Falconer 1
• Fillmore 1
• Franklin 1
• Fredonia 1
• Geneseo 1
• Geneva 1
• Glendale 1
• Glens Falls 2
• Gloversville 2
• Gowanda 1
• Great Neck 1
• Hamburg 1
• Harrison 1
• Hartsdale 1
• Hauppauge 3
• Hornell 1
• Hudson Falls 1
• Ilion 1
• Irving 1
• Jamestown 2
• Johnson City 1
• Kenmore 1
• Kingston 2
• Lakewood 1
• Lancaster 1
• Latham 1
• Le Roy 1
• Long Beach 1
• Long Island Cit 3
• Lynbrook 1
• Malone 1
• Mamaroneck 1
• Marcy 1
• Massena 2
• Medford 1
• Melville 2
• New Hartford 4
• New York City 1
• Newfane 1
• North Baldwin 1
• North Tonawanda 1
• Oceanside 1
• Ogdensburg 2
• Olean 2
• Orchard Park 2
• Oswego 3
• Painted Post 1
• Pearl River 1
• Pittsford 1
• Plainview 1
• Plattsburgh 4
• Port Washington 2
• Purchase 1
• Rockville Centr 1
• Rome 3
• Ronkonkoma 1
• Roslyn 1
• Rye 1
• Rye Brook 1
• Salamanca 1
• Sanborn 2
• Saranac Lake 1
• Saratoga Spring 2
• Scotia 1
• Sidney 1
• Smithtown 1
• Sodus 1
• Solvay 1
• Spencerport 1
• Springville 1
• Ticonderoga 1
• Tonawanda 2
• Tupper Lake 1
• Wellsville 1
• West Seneca 1
• Westbury 2
• Westfield 1
• Whitestone 1
• Williamsville 1
• Woodridge 1