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Overview / Commentary
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 1,082nd largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 23 employees and 11,578 members. Palisades Credit Union has a B+ health rating.

Field of Membership Restrictions

To open an account you must live, work, go to school or worship in Rockland County, New York. Accounts can also be opened by immediate family members of individuals who already bank with us. We consider an immediate family member to be a grandparent, child, sibling, parent, spouse, step parent, step sibling, grandchild or step child. - See Details

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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!  


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Palisades Credit Union had $3.2 million in non-current loans and owned real-estate with $20.41 million in equity and loan loss allowances on hand to cover it. This gives Palisades Credit Union a Texas Ratio of 15.66% 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 Palisades Credit Union decreased slightly from 18.33% as of March 31, 2013 to 15.66% as of March 31, 2014, resulting in a positive change of 14.58%.This indicates that the balance sheet and financial strength for Palisades Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Palisades Credit Union has increased its total deposits by $975,000, resulting in 0.68% 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.



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 $163.01 million in assets with $20.41 million in equity, resulting in a capitalization level of 12.52%, which is excellent.

Institution Statistics

NCUA #4480
Year Chartered1941
Primary Regulator
Assets and Liabilities
Assets$163.01 million
Loans$116.69 million
Deposits$143.84 million
Equity Capital$18.78 million
Loan Loss Allowance$1.63 million
Unbacked Noncurrent Loans$2.97 million
Real Estate Owned$225,000
Historic Data - March 2013
Assets$161.77 million
Equity Capital$18.53 million
Loan Loss Allowance$1.58 million
Unbacked Noncurrent Loans$2.97 million
Real Estate Owned$520,000
Profit Margin - Quarterly
Net Interest Margin1.02%
Return on Assets0.58%
Return on Equity5.05%
Interest Income$1.36 million

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

0.14%$25k-IRA Savings Account
0.14%$25k-Roth IRA Savings Account
0.14%$25k-Coverdell Savings Account
0.14%$25k-Coverdell Savings Account - Advantage Pricing
0.14%$25k-IRA Savings Account - Advantage Pricing
0.14%$25k-Roth IRA Savings Account - Advantage Pricing
0.05%--Holiday Club
0.04%--Savings Account
0.04%--Special Savings
0.04%--Vacation Club

Palisades Credit Union Money Market Rates

0.35%$250k-Money Market

Palisades Credit Union Checking Account Rates

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

Palisades Credit Union CD Rates

1.50%$500-60 Month CD Advantage Pricing - Step Up
1.35%$500-60 Month CD - Step Up
1.15%$500-24 Month CD Advantage Pricing - Step Up
1.00%$500-24 Month CD - Step Up
0.95%$500-60 Month CD Advantage Pricing
0.80%$500-60 Month CD
0.65%$500-36 Month CD Advantage Pricing
0.60%$500-24 Month CD Advantage Pricing
0.55%$500-36 Month CD Advantage Pricing - Step Up
0.50%$500-36 Month CD
0.50%$500-12 Month CD Advantage Pricing
0.45%$500-24 Month CD
0.40%$500-36 Month CD - Step Up
0.35%$500-12 Month CD
0.30%$500-3 Month CD Advantage Pricing
0.30%$500-6 Month CD Advantage Pricing
0.15%$500-3 Month CD
0.15%$500-6 Month CD

Palisades Credit Union IRA Rates

1.50%$500-60 Month Advantage Pricing IRA - Step Up
1.35%$500-60 Month IRA - Step Up
1.25%$500-24 Month Advantage Pricing IRA - Step Up
1.10%$500-24 Month IRA - Step Up
0.95%$500-60 Month Advantage Pricing IRA
0.80%$500-60 Month IRA
0.55%$500-36 Month Advantage Pricing IRA
0.45%$500-36 Month Advantage Pricing IRA - Step Up
0.40%$500-36 Month IRA
0.35%$500-12 Month Advantage Pricing IRA
0.35%$500-24 Month Advantage Pricing IRA
0.30%$500-36 Month IRA - Step Up
0.20%$500-12 Month IRA
0.20%$500-24 Month IRA

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