Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
845-602-4242
300 N Middletown Rd, Ste 6
Pearl River, NY 10965

Palisades Credit Union is headquartered in Pearl River and is the 52nd largest credit union in the state of New York. It is also the 1,072nd largest credit union in the nation. It was established in 1941 and as of December of 2013, it had grown to 26 employees and 11,770 members. Palisades Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, go to school or worship in Rockland County. - See Details

Related Posts



Reviews (3)

Small But Highly Efficient

Very efficient and very friendly.

Not Just A Number But A Name

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

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!  



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

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, 2013 Palisades Credit Union had $3.26 million in non-current loans and owned real-estate with $20.15 million in equity and loan loss allowances on hand to cover it. This gives Palisades Credit Union a Texas Ratio of 16.16% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Palisades Credit Union experienced no significant changes from 16.57% as of December 31, 2012 to 16.16% as of December 31, 2013, resulting in a positive change of 2.49%.This indicates that the balance sheet and financial strength for Palisades Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Palisades Credit Union has increased its total deposits by $1.2 million, resulting in 0.86% 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 above average.

Capitalization

GRADE:
A+

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 $160.31 million in assets with $20.15 million in equity, resulting in a capitalization level of 12.57%, which is excellent.

Institution Statistics

Overall
NCUA #4480
Year Chartered1941
Employees26
Primary Regulator
Assets and Liabilities
Assets$160.31 million
Loans$117.98 million
Deposits$141.15 million
Equity Capital$18.52 million
Loan Loss Allowance$1.63 million
Unbacked Noncurrent Loans$2.91 million
Real Estate Owned$351,000
Historic Data - December 2012
Assets$158.75 million
Equity Capital$18.38 million
Loan Loss Allowance$1.56 million
Unbacked Noncurrent Loans$2.91 million
Real Estate Owned$462,000
Profit Margin - Quarterly
Net Interest Margin3.94%
Return on Assets-0.12%
Return on Equity-1.07%
Interest Income$5.46 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Palisades Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Palisades Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Holiday Club
0.04%--Savings Account
0.04%--Special Savings
0.04%$25-IRA Savings Account
0.04%--Vacation Club
0.04%$25-Roth IRA Savings Account
0.04%$25-Coverdell Savings Account

Palisades Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$250k-Money Market

Palisades Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Free Dividend Checking
0.10%--Business Premier Checking

Palisades Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-60 Month CD Advantage Pricing - Step Up
1.35%$500-60 Month CD - Step Up
1.25%$500-24 Month CD Advantage Pricing - Step Up
1.10%$500-24 Month CD - Step Up
1.00%$500-15 Month CD Special Advantage Pricing
1.00%$500-15 Month CD Special
0.85%$500-60 Month CD Advantage Pricing
0.70%$500-60 Month CD
0.45%$500-36 Month CD Advantage Pricing
0.35%$500-24 Month CD Advantage Pricing
0.35%$500-36 Month CD Advantage Pricing - Step Up
0.30%$500-36 Month CD
0.25%$500-12 Month CD Advantage Pricing
0.20%$500-24 Month CD
0.20%$500-3 Month CD Advantage Pricing
0.20%$500-6 Month CD Advantage Pricing
0.20%$500-36 Month CD - Step Up
0.10%$500-12 Month CD
0.05%$500-3 Month CD
0.05%$500-6 Month CD

Palisades Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-60 Month Advantage Pricing IRA - Step Up (Traditional,CESA,Roth)
1.35%$500-60 Month IRA - Step Up (Traditional,CESA,Roth)
1.25%$500-24 Month Advantage Pricing IRA - Step Up (Traditional,CESA,Roth)
1.10%$500-24 Month IRA - Step Up (Traditional,CESA,Roth)
0.85%$500-60 Month Advantage Pricing IRA (Traditional,CESA,Roth)
0.70%$500-60 Month IRA (Traditional,Roth,CESA)
0.45%$500-36 Month Advantage Pricing IRA (Traditional,CESA,Roth)
0.35%$500-24 Month Advantage Pricing IRA (Traditional,CESA,Roth)
0.35%$500-36 Month Advantage Pricing IRA - Step Up (Traditional,CESA,Roth)
0.30%$500-36 Month IRA (Traditional,Roth,CESA)
0.25%$500-12 Month Advantage Pricing IRA (Traditional,CESA,Roth)
0.20%$500-24 Month IRA (Traditional,Roth,CESA)
0.20%$500-36 Month IRA - Step Up (Traditional,CESA,Roth)
0.10%$500-12 Month IRA (Traditional,Roth,CESA)
Locations


Palisades Credit Union Locations
Branch Office16 Orangetown Shopping CtrOrangeburg, NY 10962
Branch Office300 N Middletown Rd Ste 6Pearl River, NY 10965-1295
Branch Office240 E Route 59Nanuet, NY 10954-2905
Branch Office244 S Main StNew City, NY 10956-3318