At a glance
From its website, read 2 Nov 2026I AM FCU is a credit union based in New York, New York. Its website describes auto loans, immigration loans, home mortgages and 1 other loan type. Stated loan amounts run from $400. It says it considers borrowers with low or no credit history. You can start an application online. It serves borrowers in Spanish.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.1199federalcu.org |
| Office (official list) | 498 7th Ave 2nd FL, New York, NY 10018 |
What their website says about applying
To apply, please provide documentation of your immigration fee amount.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Auto / vehicle loans | Rate stated, not as an APR: see their wording | Rates as low as 4.99% (dependent upon creditworthiness, credit history, and other factors). | source |
| Small-dollar / emergency loans | Rate stated, not as an APR: see their wording | terms up to 36 months , an 18% interest rate | source |
| Immigration / citizenship loans | Rate stated, not as an APR: see their wording | Enjoy a 10% interest rate | source |
| Personal / consumer loans | Rate stated, not as an APR: see their wording | Get between $400 and $1,000 , no credit check required, with a simple 12-month term and a 12.5% rate | source |
| Personal / consumer loans | Rate stated, not as an APR: see their wording | Enjoy terms up to 18 months at a 15% rate | source |
| Auto / vehicle loans | Term: see their wording | Maximum term of 84 months. | source |
| Small-dollar / emergency loans | Term: see their wording | terms up to 36 months | source |
| Personal / consumer loans | Term: see their wording | with a simple 12-month term | source |
| Personal / consumer loans | Term: see their wording | Enjoy terms up to 18 months | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- No or thin credit history considered
Get between $400 and $1,000 , no credit check required
source - Membership required
To qualify, you’ll need to have been a member for at least one year, be employed, and have a checking account and e-statement setup.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Credit union |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 4 Feb 2022 |
| RSSD ID | 725291 |
| Address | 498 7th Ave 2nd FL, New York, NY 10018 Directions (Google Maps) |
| Website | www.1199federalcu.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. The pages fetched do not state a service area or borrower eligibility for membership. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Auto / vehicle loans | from $10,000 | Minimum loan amount: $10,000 | source |
| Immigration / citizenship loans | — | Our Citizenship Loan provides financial assistance for immigration fees for you and your immediate family. | source |
| Home mortgages | — | We offer a variety of mortgage plans. | source |
| Personal / consumer loans | — | Non-Collateral Signature Loans | source |
Loan sizes
Range used for the size filter: $400 to not stated
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- Spanish
Spanish Loan Application
source
Online application
Yes — the site links to an application. Apply Online
source
Pages read (7)
- https://www.iamfedcu.org/
- https://www.iamfedcu.org/personal/loan-rate-2/
- https://www.iamfedcu.org/loan-products-2/
- https://www.iamfedcu.org/loans/auto-loans-2/
- https://www.iamfedcu.org/loans/mortgage-loans/
- https://www.iamfedcu.org/resources/financial-services-counseling/
- https://www.iamfedcu.org/personal/saving-rates-2/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - How do I become a member, and is there a fee or a minimum deposit?
Credit unions lend only to their members. - What is the largest loan you make?
Their website gives a minimum ($400) but no maximum. - What is the APR, including fees, on your auto loans and immigration loans?
Their website states a rate, but not as an APR. The APR includes fees, so it is the number to compare. - Do you offer down-payment help, and is a homebuyer education course required?
CDFI home loans often come with homebuyer education or down-payment help; their website does not say. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
Branches and size
NCUA, 30 Jun 2026On file with the NCUA as I AM (charter 24670). Source: NCUA 5300 Call Report quarterly data (public data) as of 30 Jun 2026, downloaded 3 Nov 2026: total assets, members and branch addresses.
| Total assets | $103.2 million (as of 30 Jun 2026) |
|---|---|
| Members | 15,139 (as of 30 Jun 2026) |
| Offices | 1 (as of 30 Jun 2026) |
Offices by state and county (1)
New York (1 office)
- New York County (1): 498 Fashion Ave Fl 2, New York 10018 (main office)
An office shows where the lender has a branch, not where it lends or whom it lends to. Credit unions serve members only; check who can join. For the ZIP-code search, credit-union offices are placed at the centre of their ZIP code (approximate).
What the regulator filing shows
NCUA 5300, 30 Jun 2026Figures from the 5300 Call Report filed by I AM FCU (NCUA charter 24670, filed as “I AM”). Source: NCUA 5300 Call Report quarterly data (public data), cycle 30 Jun 2026; year-earlier figures from the 30 Jun 2025 cycle; downloaded 3 Nov 2026.
| Total loans and leases | $35.7 million, 4,425 loans (as of 30 Jun 2026) |
|---|---|
| Change over the year | Down 4.4% from $37.4 million on 30 Jun 2025 |
| Members | 15,139 (as of 30 Jun 2026); 15,496 (as of 30 Jun 2025) |
| Loans per member | $2,360 (total loans divided by members, 30 Jun 2026) |
| Total assets | $103.2 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| New vehicle loans | $1.6 million | 4.5% |
| Used vehicle loans | $4.3 million | 11.9% |
| First-lien home mortgages (1-4 family) | $6.4 million | 18.0% |
| Other real estate loans (junior liens, other) | $2.7 million | 7.7% |
| Other unsecured loans | $20.5 million | 57.3% |
| Leases and other secured loans | $205,080 | 0.6% |
None reported on the 30 Jun 2026 report: commercial (business) loans; credit cards.
Balances are loans outstanding on the report date, not loans made during the year. A category with no balance does not mean the credit union never makes that kind of loan. Credit unions lend to members only; check who can join.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets (Call Report, 30 Jun 2026) | $103.2 million | Larger than 78% of the 18 other certified credit unions in New York (median $41.6 million). |
| Loans as a share of assets | 35% | Median of the same 18 credit unions: 64%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $37.4 million → $35.7 million (-4%) | Median change of 17 other certified credit unions in New York: +1%. Rank by loans held among these 18: 7 → 8. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Call Report total assets | other certified credit unions in New York | 18 | larger than 78% |
| Loans held then vs now | certified credit unions in New York reporting both dates | 17 | rank 7 → 8 of 18 |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section).
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