Products & Services

The Credit Union offers many opportunities to save and invest, as well as providing competitive loan rates. Special advantages of borrowing from your Credit Union include simple interest clearly stated and no prepayment penalties---ever! Credit Union loans can be repaid painlessly through direct deposit or payroll deduction. We also offer both Life and Disability Insurance thru Cuna Mutual Insurance Society Inc. The benefits of belonging to NY TEAM quickly add up to secure your financial future.

Savings and Investments

Regular Share Savings: A minimum of $25 is required to open an account and secure membership in the Credit Union. Daily dividends are compounded and paid Monthly on balances of $500.00 or more.

Share Draft Accounts: Checking convenience with a minimum balance of only $500.00, no per-item fees and a monthly fee of only $5.00 if you fall below the minimum balance. if you have direct deposit, of your net pay and are an MVP  member no minimum balance is required. 

Individual Retirement Accounts: These accounts help secure your financial future. IRAs offer an excellent tax-deferred investment. NY TEAM offers both Share IRAs and one-year CD IRA Accounts. Be sure to seek competent tax advice about your specific IRA investments.

Holiday Club Accounts: Club Accounts help you save for the holiday season or a special occasion or event. Daily dividends are compounded and paid monthly.

Other Products & Services:

MVP Multi Value Package: sign up for direct deposit of your net pay to become an MVP member, and look at what you get.

Free Checking no minimum balance no monthly fee
6 Free ATM withdrawals per month
A 1% interest rate reduction on most loans
A 1% interest rate reduction on MasterCard

Direct Deposit: is safe, fast and convenient. Your net paycheck comes directly to your Credit Union account for distributions that you specify. (direct deposit qualifies you for MVP status) 

Payroll Deduction: lets you allocate a portion of your paycheck to painlessly make payments to your loans or build up your savings.

NY TEAM ATM Card: This ATM card can be used at any of the millions of merchant locations around the world displaying the NYCE/CIRRUS symbol. You will receive a Personal Identification Number (PIN) to allow withdrawals from your savings or checking account at an ATM. All other transactions are handled in much the same manner as a credit card transaction, except that the money is deducted from your savings account.

S.T.A.R Special Teller Audio Response: is an easy, convenient way to have access to your Credit Union accounts seven days a week 24 hours a day from anywhere at anytime. By using a touch-tone telephone, your account number and a special PIN you can get account information and make transfers.

Money Orders: are for sale for a modest fee. Money orders are a safe and easy way to make payments.

American Express Gift Cheques: are a quick and easy way to give someone that special gift (what ever they want).

U.S. Savings Bonds: can be purchased or redeemed at any credit union branch.

American Express Travelers Cheques: are for sale for a modest fee. American Express is the brand that travelers want most. For peace of mind, worldwide acceptance and superior refund services, these are the checks to carry when you are traveling.

Wire Transfers: are a quick, easy and affordable method (with proper authorization) to transfer funds from one financial institution to another financial institution.

The Supervisory Committee: is available to assist members if you have any concerns with NY TEAM. The primary duty of NY TEAM Federal Credit Union's Supervisory Committee is to conduct or contract for an annual audit of the financial condition, practices and procedures of the Credit Union to ensure the safety and soundness of its accounting in conformance with generally accepted accounting practices. The Supervisory Committee, appointed by your Board of Directors, from among members of the Credit Union, serves as a "watchdog" for you, the members, investigating member disputes with the Credit Union. If you have any concerns with your Credit Union or that you feel you are not adequately dealt with by the Credit Unions extremely competent staff do not hesitate to contact your Supervisory Committee at the address below.

Supervisory Committee
P.O. Box 576
Hicksville, NY 11802