Average User Rating:
5 star rating based on 2 reviews.

Palisades Credit Union

300 North Middletown Road, Suite 6
Pearl River, NY 10965
845-602-4242
www.palisadesfcu.org

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Palisades Credit Union is headquartered in PEARL RIVER and is the 49^th largest credit union in the state of New York. It is also the 1,043^rd largest credit union in the nation. It was established in 1941 and as of December of 2011, it had grown to 30 employees and 10,860 members. Palisades Credit Union has a 4-star health rating.

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

Palisades Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.55%	$100k	-	Free Dividend Checking

Palisades Credit Union Savings Account Rates

Apy	Min	Max	Product
0.15%	$25	-	IRA Savings Account
0.15%	-	-	Holiday Club
0.15%	$25	-	Roth IRA Savings Account
0.15%	$25	-	Coverdell Savings Account
0.10%	-	-	Savings Account
0.10%	-	-	Special Savings
0.10%	-	-	Vacation Club

Palisades Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.70%	$250k	-	Money Market

Palisades Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month CD Advantage Pricing
1.35%	$500	-	60 Month CD
1.25%	$500	-	60 Month CD Advantage Pricing - Step Up
1.10%	$500	-	60 Month CD - Step Up
1.00%	$500	-	36 Month CD Advantage Pricing - Step Up
1.00%	$500	-	36 Month CD - Step Up
0.70%	$500	-	36 Month CD Advantage Pricing
0.65%	$500	-	24 Month CD Advantage Pricing
0.55%	$500	-	36 Month CD
0.50%	$500	-	24 Month CD
0.40%	$500	-	12 Month CD Advantage Pricing
0.40%	$500	-	24 Month CD Advantage Pricing - Step Up
0.25%	$500	-	12 Month CD
0.25%	$500	-	6 Month CD Advantage Pricing
0.25%	$500	-	24 Month CD - Step Up
0.20%	$500	-	3 Month CD Advantage Pricing
0.10%	$500	-	6 Month CD
0.05%	$500	-	3 Month CD

Palisades Credit Union IRA Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month Advantage Pricing Coverdell Savings
1.50%	$500	-	60 Month Advantage Pricing IRA
1.50%	$500	-	60 Month Advantage Pricing Roth IRA
1.35%	$500	-	60 Month IRA
1.35%	$500	-	60 Month Roth IRA
1.35%	$500	-	60 Month Coverdell Savings
1.25%	$500	-	60 Month Advantage Pricing Coverdell Savings - Step Up
1.25%	$500	-	60 Month Advantage Pricing IRA - Step Up
1.25%	$500	-	60 Month Advantage Pricing Roth IRA - Step Up
1.10%	$500	-	60 Month Coverdell Savings - Step Up
1.10%	$500	-	60 Month IRA - Step Up
1.10%	$500	-	60 Month Roth IRA - Step Up
1.00%	$500	-	36 Month Advantage Pricing Coverdell Saving - Step Up
1.00%	$500	-	36 Month Advantage Pricing IRA - Step Up
1.00%	$500	-	36 Month Advantage Pricing Roth IRA - Step Up
1.00%	$500	-	36 Month Coverdell Saving - Step Up
1.00%	$500	-	36 Month IRA - Step Up
1.00%	$500	-	36 Month Roth IRA - Step Up
0.70%	$500	-	36 Month Advantage Pricing Coverdell Saving
0.70%	$500	-	36 Month Advantage Pricing IRA
0.70%	$500	-	36 Month Advantage Pricing Roth IRA
0.65%	$500	-	24 Month Advantage Pricing Coverdell Savings
0.65%	$500	-	24 Month Advantage Pricing IRA
0.65%	$500	-	24 Month Advantage Pricing Roth IRA
0.55%	$500	-	36 Month IRA
0.55%	$500	-	36 Month Roth IRA
0.55%	$500	-	36 Month Coverdell Saving
0.50%	$500	-	24 Month IRA
0.50%	$500	-	24 Month Roth IRA
0.50%	$500	-	24 Month Coverdell Savings
0.40%	$500	-	12 Month Advantage Pricing Coverdell Savings
0.40%	$500	-	12 Month Advantage Pricing IRA
0.40%	$500	-	12 Month Advantage Pricing Roth IRA
0.40%	$500	-	24 Month Advantage Pricing Coverdell Savings - Step Up
0.40%	$500	-	24 Month Advantage Pricing IRA - Step Up
0.40%	$500	-	24 Month Advantage Pricing Roth IRA - Step Up
0.25%	$500	-	12 Month IRA
0.25%	$500	-	12 Month Roth IRA
0.25%	$500	-	12 Month Coverdell Savings
0.25%	$500	-	24 Month Coverdell Savings - Step Up
0.25%	$500	-	24 Month IRA - Step Up
0.25%	$500	-	24 Month Roth IRA - Step Up

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

PALISADES
NCUA #	4480
BankRate Report	View
Year Chartered	1941
Employees	30
Primary Regulator
Assets and Liabilities
Assets	$153.72 million
Loans	$114.09 million
Deposits	$133.81 million
Equity Capital	$19.65 million
Loan Loss Allowance	$999,000
Unbacked Noncurrent Loans	$3.19 million
Real Estate Owned	$462,000
Historic Data - December 2010
Assets	$155.26 million
Equity Capital	$20.05 million
Loan Loss Allowance	$1.28 million
Unbacked Noncurrent Loans	$3.83 million
Profit Margin - Quarterly
Net Interest Margin	4.16%
Return on Assets	0.01%
Return on Equity	0.09%
Interest Income	$6.13 million
Non-Interest Income	$1.06 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, 2011 Palisades Credit Union had $3.66 million in non-current loans and owned real-estate with $20.64 million in equity and loan loss allowances on hand to cover it. This gives Palisades Credit Union a Texas Ratio of 17.71% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Palisades Credit Union held steady from 17.94% as of December 31, 2010 to 17.71% as of December 31, 2011, resulting in a positive change of 1.31%.This indicates that the balance sheet and financial strength for Palisades Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Palisades Credit Union has decreased its total deposits by -$1.23 million, resulting in -0.91% 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 Palisades Credit Union has shown is average.
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. Palisades Credit Union has $153.72 million in assets with $20.64 million in equity, resulting in a capitalization level of 13.43%, which is excellent.

Not Just A Number But A Name
5 stars

- JBergreviews - Tuesday, September 13, 2011 - 8:59 AM

I am always pleased when I do my banking with PFCU. The staff in New City are always very helpful and always very pleasant. I'm given personalized service and I actually get REMEMBERED! It's nice to see the same tellers when I go back. I like the way I am treated when I go in the branch and they have lower fees than regular banks.

Great Rates And Excellent Service
5 stars

- happymember - Tuesday, September 13, 2011 - 7:40 AM

I've been with this Credit Union now for 4 years and I can't say enough about it besides the fact that you can only join if you live or work in Rockland county, NY. Their rates (especially low loan rates) are great and the service is excellent. They know me by name in the branch and I can call and easily speak to a live person locally based at the bank not in India or another country. It's the way that banking should be. Two thumbs up!