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People's Alliance Federal Credit Union

Based on 1 review
Overview / Commentary
631-434-3500
125 Wireless Blvd
Hauppauge, NY 11788

People's Alliance Federal Credit Union is headquartered in Hauppauge and is the 43rd largest credit union in the state of New York. It is also the 814st largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 81 employees and 38,851 members. People's Alliance Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in several areas of New York including parts of Brooklyn, New York, and in Miami and Hialeah, Florida. You can also be eligible via Select Employer groups and via family. - See Details

Related Posts

CD Rate Specials in Miami and NYC at People's Alliance FCU - 3/25/2014

People's Alliance Federal Credit Union is offering two certificate specials with competitive rates. The best one is its 28-month CD. It has a 1.35% APY. The other one is a 15-month CD with a 1.00% APY ...



Reviews (1)

Very Rude Customer Service Representatives

Every single time I have called and spoken to a customer service representative he or she has been extremely rude!!! They are disorganized it desperate need of training regarding how to speak to customers.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 People's Alliance Federal Credit Union had $1.62 million in non-current loans and owned real-estate with $20.88 million in equity and loan loss allowances on hand to cover it. This gives People's Alliance Federal Credit Union a Texas Ratio of 7.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for People's Alliance Federal Credit Union experienced no significant changes from 7.56% as of March 31, 2013 to 7.77% as of March 31, 2014, resulting in a negative change of 2.73%. This indicates that the balance sheet and financial strength for People's Alliance Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, People's Alliance Federal Credit Union has decreased its total deposits by -$2.06 million, resulting in -0.92% 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 People's Alliance Federal Credit Union has shown is average.

Capitalization

GRADE:
C

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. People's Alliance Federal Credit Union has $244.33 million in assets with $20.88 million in equity, resulting in a capitalization level of 8.55%, which is average.

Institution Statistics

Overall
NCUA #3633
Year Chartered1940
Employees81
Primary Regulator
Assets and Liabilities
Assets$244.33 million
Loans$154.13 million
Deposits$220.76 million
Equity Capital$18.01 million
Loan Loss Allowance$2.87 million
Unbacked Noncurrent Loans$1.62 million
Real Estate Owned$0
Historic Data - March 2013
Assets$245.03 million
Equity Capital$14.92 million
Loan Loss Allowance$3.06 million
Unbacked Noncurrent Loans$1.62 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.36%
Return on Assets0.21%
Return on Equity2.8%
Interest Income$2.33 million
Rates

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

People's Alliance Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50-IRA Savings
0.20%$50-Prime Share Account

People's Alliance Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-Money Market Account

People's Alliance Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Checking Plus
0.05%$50-Escrow Accounts
0.05%--Golden Checking

People's Alliance Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.69%$500-5 Year CD
1.54%$500-4 Year CD
1.35%$500-28 Month CD
1.32%$500-3 Year CD
1.04%$500-2 Year CD
1.00%$500-15 Month CD
0.85%$500-12 Month Youth CD
0.82%$500-18 Month Bump up CD
0.60%$500-1 Year CD
0.60%$500-Building 1 Year CD
0.60%$500-Education 1 Year CD
0.51%$500-9 Month CD
0.44%$500-6 Month CD
0.33%$500-3 Month CD
Locations


People's Alliance Federal Credit Union Locations
Branch Office5757 Blue Lagoon Dr Suite 100Miami, FL 33126-2035
Branch Office14 S Service Rd Room #4AJamaica, NY 11430-1206
Branch Office132 Tuckahoe RdYonkers, NY 10710-5599
Branch Office3125 Veterans Memorial HwyRonkonkoma, NY 11779-7644
Branch Office69 Atlantic AveBrooklyn, NY 11201-5521
Branch Office67 Hanson PlBrooklyn, NY 11217-1549
Branch OfficeThe Greater Allen Cathedral of New York 11031 Merrick BlvdJamaica, NY 11433-3440
Branch Office125 Wireless BlvdHauppauge, NY 11788
Branch Office1600 Stewart Ave Suite #101Westbury, NY 11590-6611