NEXT STEP Credit Union Profile

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NEXT STEP

Charter #9486 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (518) 286-1611

Fax: (518) 286-2778

Founding Date: N/A

Website: http://www.nextstepfcu.org

Personnel & Operations

President: Vail, Mary Beth

Manager: Wiley, Joseph

FT Employees: 13

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 2

Hours: Mon-Thur: 9-4:30 Fri: 9-6 Sat: 9-1

Credit Union Profile Summary

NEXT STEP is a FCU Credit Union. With a total of 4,601 members [1], this institution manages approximately $108,526,521 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 9.53% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -6.00% [1].

Financial Snapshot

Total Assets [1]
$108,526,521

Total economic resources.

Total Loans [1]
$35,060,914

Total value of outstanding loans.

Total Deposits [1]
$98,271,971

Total funds deposited by members.

Members [1]
4,601

Number of active members.

Performance Ratios

Net Worth Ratio [1]
9.53%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.35%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
35.68%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 1.17%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -6.00%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -2.60%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

150 Defreest Dr

Troy, NY, 12180
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 3 branches reported by NEXT STEP (Charter #9486).

Main Office

Troy Branch Main Office

Type: Corporate Office

150 Defreest Dr

Troy, NY 12180

Phone: (518) 286-1611

Services: None specified

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Additional Branches

Albany

Albany Branch

Type: Branch Office

325 Washington Avenue Ext

Albany, NY 12205-5581

Phone: (518) 456-1611

Services: Member Services, ATM, Drive-Thru

Open in Directions

Troy

Troy Branch

Type: Branch Office

150 Defreest Dr

Troy, NY 12180

Phone: (518) 286-1611

Services: Member Services, ATM, Drive-Thru

Open in Directions