Who are We?
The New York Times Employees' Federal Credit Union is a federal credit union that was chartered in 1954. We are a not-for-profit, member-owned financial cooperative. We are 6,500 members strong and are welcoming new members every month! Membership is available to all New York Times employees, employees of many affiliated companies, as well as their immediate family & household members. Membership in NYTEFCU allows you to take advantage of our high dividends on your investments, as well as our low rates on loans. Our sole purpose is to provide solutions for the individual financial needs of our members.
Unlike banks that are strictly profit-driven, the Credit Union returns excess earnings to our members in the following forms:
- High dividend rates paid on savings and investment accounts,
- Low interest rates on loans, and
- The addition of valuable new products and services.
Our products and services are designed to help you manage your personal financial affairs at the lowest possible cost. Because we are member-owned, our criteria for judging success is based on member satisfaction, not profits. Accordingly, our staff is committed to providing you the personal attention you deserve.
Membership Is Free For Life
Membership in NYTEFCU is free. When you join, the first account you open is a Share account. It is referred to as "share" because as a financial cooperative, members own the Credit Union. Your initial deposit of $25 to open a Share account represents your "share" of ownership. It is not a fee; it goes directly into your newly established account, and begins earning interest the day you deposit it.
As "part-owner" of the Credit Union, you will have full access to the many convenient money-saving products, education and services we offer. Membership in NYTEFCU is a benefit available to you for a lifetime, even if you change jobs, relocate or retire. What's more, your immediate family members or those who live in your household are also eligible to join.
Once a member, always a member!
Your Money Is Safe
The safety of your money is an important consideration when you evaluate any financial institution. At the Credit Union, you can be assured that your money is secure. Each member's deposit accounts are insured for up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.
IRA accounts are separately insured by the National Credit Union Administration up to $250,000. The NCUA Share Insurance Fund is backed by the full faith and credit of the United States Government.
"People Helping People"
By offering confidential, professional, and personalized service. The credit union motto of "People Helping People" is something we believe in and practice everyday!
We invite you to become a part of our growing family of satisfied members to discover, first-hand, the many benefits of New York Times Employees Credit Union membership.