NEFCU

1000 Corporate Drive
Westbury, NY 11590
516.561.0030
www.mynefcu.org

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NEFCU is headquartered in Westbury and is the 8^th largest credit union in the state of New York. It is also the 72^nd largest credit union in the nation. It was established in 1938 and as of December of 2012, it had grown to 259 employees and 151,670 members. NEFCU's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Bonus for a Reward Checking Account at NEFCU in Long Island - 4/23/2013

A checking account bonus is often not worth the time when you have to open a checking account that you don't intend to keep. Also, you have to be careful that the new checking account doesn't cost you ...

$100 Checking Bonus & Top Reward Checking at Nassau Educators FCU - Local Only - 12/17/2012

Nassau Educators FCU Go-Green Checking Drop (3.04%,$25K) To (2.53%,$25K) (Forum) - 11/1/2012

Change is effective 11/1.

Review of Four Top Reward Checking Accounts - 1/14/2011

If you're lucky, there's a local bank or credit union in your area that offers a top reward checking account. For example, those who live in Erie, PA can qualify for the HD Checking at Erie General El ...

2010

2009

11/23 - 2.10% 15-Month CD at Nassau Educators FCU in New York - Local Only

2008

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See Rates for: Checking | Savings | Money Market | CD | IRA

NEFCU Checking Account Rates

Apy	Min	Max	Product
2.53%	-	$25k	GO Green Checking
0.50%	-	-	elements teen checking
0.30%	-	-	eChecking Account
0.25%	$1k	-	Business Plus Interest Checking
0.25%	-	-	Business Plus Non-Profit Checking
0.15%	$100k	-	Simple Checking Account

NEFCU Savings Account Rates

Apy	Min	Max	Product
1.00%	-	-	Dollar Dog Kids Club
1.00%	-	-	elements teen share account
0.49%	$100	-	Tuition Builder
0.40%	-	-	Savers Dividend
0.30%	-	-	Share Account
0.30%	-	-	Club Accounts
0.30%	-	-	Cornerstone Business Plus Savings

NEFCU Money Market Rates

Apy	Min	Max	Product
0.65%	$100k	-	High Balance Money Market
0.65%	$100k	-	Business High Balance Money Market
0.60%	$50k	-	Cornerstone Money Market Account
0.60%	$50k	-	Business Plus Money Market

NEFCU CD Rates

Apy	Min	Max	Product
1.55%	$1k	-	5 Year Certificate
1.55%	$1k	-	5 Year Business Certificate
1.45%	$1k	-	4 Year Certificate
1.45%	$1k	-	4 Year Business Certificate
1.25%	$1k	-	3 Year Certificate
1.25%	$1k	-	3 Year Business Certificate
1.15%	$1k	-	30 Month Bump Certificate
0.90%	$1k	-	2 Year Certificate
0.90%	$1k	-	2 Year Business Certificate
0.75%	$1k	-	15 Month Bump Certificate
0.75%	$1k	-	15 Month Bump Business Certificate
0.60%	$1k	-	1 Year Certificate
0.60%	$1k	-	1 Year Business Certificate
0.50%	$1k	-	6 Month Certificate
0.50%	$1k	-	6 Month Business Certificate
0.30%	$1k	-	3 Month Certificate
0.30%	$1k	-	3 Month Business Certificate

NEFCU IRA Rates

Apy	Min	Max	Product
1.55%	$500	-	5 Year IRA
1.55%	$500	-	5 Year Roth IRA
1.45%	$500	-	4 Year IRA
1.45%	$500	-	4 Year Roth IRA
1.25%	$500	-	3 Year IRA
1.25%	$500	-	3 Year Roth IRA
0.90%	$500	-	2 Year IRA
0.90%	$500	-	2 Year Roth IRA
0.60%	$500	-	1 Year IRA
0.60%	$500	-	1 Year Roth IRA
0.50%	$500	-	6 Month IRA
0.50%	$500	-	6 Month Roth IRA
0.30%	$500	-	3 Month IRA
0.30%	$500	-	3 Month Roth IRA

Rates updated: 5/20/2013

Data for Q4 2012

Institution Statistics

NASSAU EDUCATORS
NCUA #	2760
BankRate Report	View
Year Chartered	1938
Employees	259
Primary Regulator
Assets and Liabilities
Assets	$1.95 billion
Loans	$1.36 billion
Deposits	$1.73 billion
Equity Capital	$191.74 million
Loan Loss Allowance	$13.44 million
Unbacked Noncurrent Loans	$25.68 million
Real Estate Owned	$393,000
Historic Data - December 2011
Assets	$1.77 billion
Equity Capital	$179.34 million
Loan Loss Allowance	$11.60 million
Unbacked Noncurrent Loans	$27.36 million
Real Estate Owned	$83,000
Profit Margin - Quarterly
Net Interest Margin	3.23%
Return on Assets	0.74%
Return on Equity	7.51%
Interest Income	$69.82 million
Non-Interest Income	$15.16 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 NEFCU had $26.07 million in non-current loans and owned real-estate with $205.18 million in equity and loan loss allowances on hand to cover it. This gives NEFCU a Texas Ratio of 12.71% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for NEFCU held steady from 14.37% as of December 31, 2011 to 12.71% as of December 31, 2012, resulting in a positive change of 11.59%.This indicates that the balance sheet and financial strength for NEFCU has held steady in recent periods.
Deposit Growth
In the past year, NEFCU has increased its total deposits by $173.15 million, resulting in 11.09% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth NEFCU has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. NEFCU has $1.95 billion in assets with $205.18 million in equity, resulting in a capitalization level of 10.51%, which is above average.