Fasny Federal Credit Union

What Fasny Federal Credit Union does

Fasny Federal Credit Union (FASNY FCU) is a federally chartered, member-owned credit cooperative founded in 2003 to serve volunteer firefighters, EMS technicians, and their families. Its field of membership is anchored by three association partnerships — the Firemen's Association of the State of New York (FASNY), the National Volunteer Fire Council (NVFC), and the Ladies Auxiliary of FASNY (LAFASNY) — which collectively function as both top-of-funnel acquisition channels and a governance alignment mechanism. Members are acquired through direct enrollment via the credit union's website, community referrals ($25 mutual payout with a 90-day retention trigger), and association-driven outreach, and they retain membership for life via a one-time $5 share deposit even if they leave active volunteer service.

Name

Fasny Federal Credit Union

Legal name

FASNY Federal Credit Union

Website

https://fasnycu.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Fasny Federal Credit Union is a federally chartered, member-owned credit cooperative founded in 2003 that provides personal and business banking services — including deposits, consumer loans, credit cards, and organizational loans — exclusively to volunteer firefighters, EMS technicians, and their families.

Ownership category

akta.pro rank

Product category

Community Credit Union

NAICS

Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Employer/Occupational Credit Unions (FSABAEAB)

akta.pro secondary industry

Faith-Based & Affinity Credit Unions (FSABAEAH)

Keywords

• Credit union services
• Consumer lending
• Deposit accounts
• Financial cooperative
• Member banking

Headquarters

HQ city

Albany

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Loan Interest: Interest income from auto loans, recreational loans, home equity loans, signature loans, and organizational loans represents the primary revenue stream. Rates range from 3.99% APR for new vehicle loans to 13.24% APR for signature loans.
2. Share Savings Dividends: Credit union pays dividends (interest) on share savings accounts, with rates based on average daily balances of $50 or more, compounded quarterly.
3. Share Certificate Investments: Long-term investments paying higher dividends than regular savings, with minimum $500 investment for 6-36 month terms and maximum $100,000 per account.
4. Fee Income: Fees from account services, loan applications, ATM usage at non-network ATMs, and other banking services as outlined in the fee schedule.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

FASNY Federal Credit Union is a federally chartered, member-owned financial cooperative founded in 2003 to serve volunteer firefighters, EMS technicians, and their families. It offers deposit products (Regular Savings, Share Draft Checking, Share Certificates), consumer loans (Auto, Recreational, Home Equity, Signature, Share-Secured), credit cards, and Organizational Loans for fire departments and EMS agencies. Members access accounts via online banking, mobile apps, the Albany, NY branch, and the CO-OP shared branching network.

Product overview

FASNY Federal Credit Union is a financial cooperative founded in 2003, offering a comprehensive suite of personal and business banking services. The core offering consists of deposit products (Regular Savings, Share Draft Checking, Share Certificates), consumer loans (Auto Loans, Recreational Loans, Home Equity Line of Credit, Signature Loans, Share & Certificate Secured Loans), and credit cards. The organization also provides specialized services including an Advanced EMT Certification Loan for first responders and Organizational Loans for fire departments and EMS agencies through a CU First Responders partnership. Digital banking access is available through Mobile Banking apps (iOS/Android), Online Banking with bill pay, and the CO-OP Shared Branching network. The credit union serves members of the Firemen's Association of the State of New York, National Volunteer Fire Council, Ladies Auxiliary of FASNY, and their families.

Differentiator

Problem solved

Functional benefit

Products and services

• Regular Savings Share savings account for members paying quarterly dividends on average daily balances of $50.00 or more.
• Share Draft Checking Free checking account with ATM/debit card access, free checks, free online banking, free overdraft protection from savings, and surcharge-free ATM access.
• Share Certificates Term deposit investments paying higher dividends than regular savings, with minimum $500 investment for terms of 6 to 36 months and maximum $100,000 per account.
• Auto Loans Vehicle financing for 2016 and newer purchases or refinances, with rates as low as 3.99% APR for new vehicles and terms up to 120 months.
• Recreational Loans Loans for motorcycles, boats, RVs, campers, and older vehicles at competitive rates.
• Home Equity Line of Credit Home equity line of credit for home improvements, debt consolidation, tuition, or other expenses. Maximum credit line $100,000, minimum $25,000, up to 90% LTV.
• Share Draft Line of Credit

Quantifiable outcome

• $25 referral reward for members who refer new members who stay 90+ days
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Firemen's Association of the State of New York (FASNY)coreStrategic or Co-development PartnerFASNY is the primary association partner whose members form the core membership base of the credit union. The credit union was founded to serve FASNY members, volunteers, and their families. The relationship includes co-hosting the Annual Membership Meeting at the FASNY Annual Convention.
• National Volunteer Fire Council (NVFC)coreStrategic or Co-development PartnerNVFC is a key partner organization whose members are eligible for credit union membership. NVFC represents the interests of volunteer firefighters nationally.
• Ladies Auxiliary of the Firemen's Association of the State of New York (LAFASNY)coreStrategic or Co-development PartnerLAFASNY members and their families are eligible for credit union membership, extending the credit union's reach to the families of firefighters.
• CU First Responders (CUFR)coreStrategic or Co-development PartnerCUFR is a business and commercial loan processing company that FASNY FCU partners with to provide organizational loans for fire departments and EMS agencies. CUFR facilitates apparatus loans, equipment financing, and real estate loans for fire service organizations.
• CO-OP Credit Union Shared Branching NetworkcoreChannel Partner/ Reseller/ DistributorCO-OP network provides shared branching services allowing FASNY FCU members to access their accounts at over 5,000 participating credit union locations nationwide. Services include deposits, withdrawals, transfers, loan payments, and account inquiries.
• National Income Life Insurance Company (NILICO)minorGTM or Marketing PartnerNILICO provides group Accidental Death and Dismemberment policy offering $3,000 coverage to all FASNY FCU members and staff at no cost. Includes complimentary Child Safe Kits and optional Health Services Discount Program providing 10%-60% discounts on prescriptions, hearing, vision, and dental care.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Market position

Strengths4 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@fasnyfederalcreditunion1560
• Facebookfacebook.com/fasnyfcu
• Instagraminstagram.com/fasnycreditunion
• Xx.com/fasnyfcu
• LinkedInlinkedin.com/company/fasny-federal-credit-union

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fasny Federal Credit Union