Only regulated financial institutions—such as savings banks, savings and loan associations, commercial banks, credit unions, and insurance companies—or community development financial institutions, located in New Jersey, New York, Puerto Rico, or the U.S. Virgin Islands, are eligible to apply for membership:
If your institution’s designated principal place of business is not located in the State of New York, the State of New Jersey, the Commonwealth of Puerto Rico, or the U.S. Virgin Islands, it is not eligible for membership in the Federal Home Loan Bank of New York. To learn how to designate your institution’s principal place of business, please contact a Relationship Manager.