While it is hard to put a final price tag on the cost of lives, homes and businesses throughout New York affected by Hurricane Sandy, federal funds will cover all of New York City's costs, according to a recent report from the city's Independent Budget Office.

About 90% of the total $6.3 billion in Sandy-related emergency and recovery package will be funneled through the Federal Emergency Management Agency. The remaining 10% will be covered with community development block grant funds.

The other good news for the Empire State is that 73% of its credit unions reported a positive Return on Average Assets as of Dec. 31, 2012.  Statewide, New York's credit unions earned an average ROAA of 87 basis points, slightly higher than the national average of 86.

• SEE the NCUA state-by-state map and more Credit Union Times analysis.

"New York credit unions have posted strong financial performance, exceeding national averages in key areas such as asset growth, loan growth and net worth, for several years," said William Mellin, president/CEO of the Credit Union Association of New York. "First mortgages and member business lending have been significant driving forces behind the sustained loan growth."