Nassau Educators Federal Credit Union

Nassau Educators Federal Credit Union Locations

264 E Merrick Rd
Valley Stream, NY 11582
516.561.0030
www.nassaued.org

OverView
Rates
Health
Reviews

Nassau Educators Federal Credit Union is headquartered in WESTBURY and is the 8^th largest credit union in the state of New York. It is also the 78^th largest credit union in the nation. It was established in 1938 and as of September of 2011, it had grown to 233 employees and 164,344 members. Nassau Educators Federal Credit Union's money market rates are 93% higher than the national average, and it has a 4-star health rating.

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 ...

Top CD and Reward Checking Rates at NEFCU in New York - Local Only - 12/2/2010

Nassau Educators Federal Credit Union (NEFCU) is offering competitive rates on some of its CDs, and it continues to offer a competitive reward checking rate. The best CD rate is 2.75% APY for the 5-ye ...

NEFCU in New York Expands Membership - More Can Qualify for its High-Yield Reward Checking - 7/18/2010

Nassau Educators Federal Credit Union (NEFCU) has expanded its field of membership which should give many more New Yorkers access to its high-yield reward checking account which is paying 4.00% APY on ...

2.10% 15-Month CD at Nassau Educators FCU in New York - Local Only - 11/23/2009

Nassau Educators FCU is offering a special 15-month bump certificate with a 2.10% APY. Minimum deposit is $1,000. The special CD is listed in the credit union's rate table as of 11/23/09.The credit union also has a reward checking account that pays 4.00%...

2008

Report an Issue

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

Nassau Educators Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
3.50%	-	$25k	GO Green Checking Account
0.60%	-	-	eChecking Account
0.50%	-	-	elements teen checking
0.30%	$100k	-	Simple Checking Account
0.25%	$1k	-	Business Plus Interest Checking
0.25%	-	-	Business Plus Non-Profit Checking

Nassau Educators Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
1.00%	-	-	Dollar Dog Kids Club
1.00%	-	-	elements teen share account
1.00%	-	-	Savers Dividend
0.74%	$100	-	Tuition Builder
0.70%	$50k	-	Super Saver Account
0.40%	-	-	Share Account
0.40%	-	-	Club Accounts
0.40%	-	-	Cornerstone Business Plus Savings

Nassau Educators Federal Credit Union Money Market Rates

Apy	Min	Max	Product
0.85%	$100k	-	High Balance Money Market
0.85%	$100k	-	Business High Balance Money Market
0.80%	$50k	-	Business Plus Money Market
0.70%	$25k	-	Cornerstone Money Market Account

Nassau Educators Federal Credit Union CD Rates

Apy	Min	Max	Product
2.15%	$1k	-	5 Year CD
2.15%	$1k	-	5 Year CD Business
1.90%	$1k	-	4 Year CD
1.90%	$1k	-	4 Year CD Business
1.65%	$1k	-	3 Year CD
1.65%	$1k	-	3 Year CD Business
1.45%	$1k	-	30 Month Bump Certificate
1.30%	$1k	-	2 Year CD
1.30%	$1k	-	2 Year CD Business
0.95%	$1k	-	15 Month Bump Up CD
0.95%	$1k	-	15 Month Bump Up CD Business
0.85%	$1k	-	1 Year CD
0.85%	$1k	-	1 Year CD Business
0.65%	$1k	-	6 Month CD
0.65%	$1k	-	6 Month CD Business
0.50%	$1k	-	3 Month CD
0.50%	$1k	-	3 Month CD Business

Nassau Educators Federal Credit Union IRA Rates

Apy	Min	Max	Product
2.15%	$500	-	5 Year IRA CD
2.15%	$500	-	5 Year Roth IRA
1.90%	$500	-	4 Year IRA CD
1.90%	$500	-	4 Year Roth IRA
1.65%	$500	-	3 Year IRA CD
1.65%	$500	-	3 Year Roth IRA
1.30%	$500	-	2 Year IRA CD
1.30%	$500	-	2 Year Roth IRA
0.85%	$500	-	1 Year IRA CD
0.85%	$500	-	1 Year Roth IRA
0.65%	$500	-	6 Month IRA CD
0.65%	$500	-	6 Month Roth IRA
0.50%	$500	-	3 Month IRA CD
0.50%	$500	-	3 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

NASSAU EDUCATORS
NCUA #	2760
BankRate Report	View
Year Established	1938
Employees	233
Primary Regulator
Assets and Liabilities
Assets	$1.70 billion
Loans	$1.09 billion
Deposits	$1.50 billion
Equity Capital	$178.93 million
Loan Loss Allowance	$10.98 million
Unbacked Noncurrent Loans	$23.24 million
Real Estate Owned	$83,000
Historic Data - September 2010
Assets	$1.53 billion
Equity Capital	$166.57 million
Loan Loss Allowance	$8.74 million
Unbacked Noncurrent Loans	$20.41 million
Real Estate Owned	$421,000
Profit Margin - Quarterly
Net Interest Margin	2.73%
Return on Assets	0.65%
Return on Equity	6.21%
Interest Income	$51.74 million
Non-Interest Income	$8.41 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 September 30, 2011 Nassau Educators Federal Credit Union had $23.32 million in non-current loans and owned real-estate with $189.9 million in equity and loan loss allowances on hand to cover it. This gives Nassau Educators Federal Credit Union a Texas Ratio of 12.28% 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 Nassau Educators Federal Credit Union held steady from 11.88% as of September 30, 2010 to 12.28% as of September 30, 2011, resulting in a negative change of 3.37%. This indicates that the balance sheet and financial strength for Nassau Educators Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Nassau Educators Federal Credit Union has increased its total deposits by $154.44 million, resulting in 11.49% 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 Nassau Educators Federal Credit Union 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. Nassau Educators Federal Credit Union has $1.7 billion in assets with $189.9 million in equity, resulting in a capitalization level of 11.18%, which is above average.