Borrowing

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Gain financial flexibility with borrowing options tailored to your goals.

Flexible Loan Options

Whether you’re planning on buying a new home, looking for a new car or thinking about consolidating debt, we have a loan that fits your needs. We offer competitive rates and are happy to work with you to determine which loan is the best for you.

Secure the Funds you Need with a Loan from NY TEAM Federal Credit Union.

Applying is fast and easy and you can enjoy a fixed monthly payment at a low rate. In most cases, same-day decisions and funding!


Low Rates so you can Aim High

This loan is designed for your varying credit needs from school tuition and vacations to emergencies. The most popular use for this loan is debt consolidation; this allows you to refinance your much higher credit cards into one loan with one low payment. Fixed rates and flexible terms are available. Minimum loan Amount is $500.00; Maximum loan amount is $20,000. Terms are offered up to 60 months.

We also offer a Short Term Personal Loan which has a Maximum loan amount of $2,500.00 and term up to 12 months.


Are you still paying 18%, 19%, or even 21% to store and Bank or Store Credit Card? If so, then it’s time to consolidate your cards to a NY TEAM FCU MasterCard. Let your credit union MasterCard help you get control of your payments with our low fixed rate MasterCards.

We offer two different Credit Cards.

Discover the Credit Union Difference when you open one of our MasterCards.

Find the right card for you. 


A LOC is a great mix of a Personal Loan and a Credit Card, it allows you an open ended line with access to cash when you need it.

This will provide you with an open-ended variable line of credit of a limit of $500.00 to $20,000.00 based on your creditworthiness.

This product has many uses, for example a “safety net” in case of an emergency, or a place they can have quick cash if needed. Need $400.00 for your PSEG bill that you forgot to pay, quickly transfer the funds from the LOC to your checking account and make the payment! Their mortgage payment cleared before their paycheck was deposited, their LOC will transfer the funds into your checking account to clear the mortgage payment with a $8.00 fee. If you make the transfer, there is no overdraft transfer fee.

You will be able to easily transfer from your LOC online through our app, audio system or at a teller. The LOC will be used as a form of overdraft protection as well.

*If a member is joint on your account they must be joint on the Line of Credit

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Fast cash now with a Savings Account for later.

Did you know that a loan from one of those payday lenders has an effective rate of 400% or more? That’s no way to solve a cash emergency! Since your Credit Union is a not-for-profit financial institution owned by our members, we’re only financially healthy when you are. Our members deserve a safe, smart option for emergency cash. We designed something that helps, rather than makes the problem worse.

NY TEAM FCU offers a Payday Alternative Loan (PAL) with no additional fees. Other companies charge pesky application or renewal fees. With our Payday Alternative Loan (PAL) you can borrow up to $1,000 with up to 6 months to repay. You pay a fixed rate of 18% APR regardless of your credit score. Now here’s the happy ending: An equal portion of the loan goes into your Savings Account when the loan is paid in full. You benefit two ways—you solve your short-term cash problem, and get a head start to establishing a savings account you can build on! How’s that for a real alternative to the payday loan trap!?

Example: If you request a loan for $750.00, by the end of the term on the loan, you will have paid off the loan and have a $750.00 Savings Account.


This loan is designed for you to borrow against your own shares. This loan is also here to help build up your credit. The loan amount is designed by you; the amount will not exceed the total amount of shares held and terms are offered up to 60 months. Shares are eligible for dividends while being held.


This loan is designed to help our members or their children who want to attend an accredited trade school, private school, college or another type of education program. The proceeds of this loan will be disbursed only to the School. This loan has a maximum of 10,000.00 and a 10 year term.

We partnered up with Sallie Mae for more Student Loan options!

Vehicle & Boat Loans

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Match or Beat your Rate

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Protect yourself and loved ones with Loan Insurance

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Why borrow with NY TEAM Federal Credit Union?

  • Low Rates

    Our loan rates are competitively low so your payments can be affordable.

  • Digital Account Management

    Our simple online application and digital banking options make it easy to manage your loan.

  • Member Benefits

    With our exclusive Relationship Pricing program, you will receive additional benefits when you lend with NY TEAM.

  • Loan Insurance

    Protect your loved ones from the unexpected with Loan Insurance. The Credit Union offers life and disability protection for your loans. For vehicle loans we also offer Gap Insurance, and Mechanical Repair. For all your insurance needs we are teamed up with TruStage.