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Overview / Commentary
100 McGuinness Blvd
Brooklyn, NY 11222

Polish & Slavic Credit Union is headquartered in Brooklyn and is the 11st largest credit union in the state of New York. It is also the 119st largest credit union in the nation. It was established in 1976 and as of March of 2014, it had grown to 255 employees and 79,940 members. Polish & Slavic Credit Union has a B+ health rating.

Field of Membership Restrictions

Polish & Slavic FCU is an associational credit union whose membership is open to members of our eight sponsoring organizations. They are: Polish & Slavic Center; Polish Cultural Foundation; Polonia of Long Island Inc.; Polish Supplementary School Council of America; General Pulaski Memorial Parade Committee; Alliance of Polish Clubs in the USA; Polish Highlanders Alliance of North America; Immeadiate Family of Polish Highlanders Alliance Member; and The Kosciuszko Foundation. - See Details

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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 Polish & Slavic Credit Union had $15.61 million in non-current loans and owned real-estate with $144.66 million in equity and loan loss allowances on hand to cover it. This gives Polish & Slavic Credit Union a Texas Ratio of 10.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Polish & Slavic Credit Union experienced no significant changes from 11.84% as of March 31, 2013 to 10.79% as of March 31, 2014, resulting in a positive change of 8.83%.This indicates that the balance sheet and financial strength for Polish & Slavic Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Polish & Slavic Credit Union has increased its total deposits by $35.53 million, resulting in 2.63% 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 Polish & Slavic 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. Polish & Slavic Credit Union has $1.58 billion in assets with $144.66 million in equity, resulting in a capitalization level of 9.18%, which is average.

Institution Statistics

NCUA #22592
Year Chartered1976
Primary Regulator
Assets and Liabilities
Assets$1.58 billion
Loans$863.70 million
Deposits$1.38 billion
Equity Capital$140.27 million
Loan Loss Allowance$4.39 million
Unbacked Noncurrent Loans$13.71 million
Real Estate Owned$1.90 million
Historic Data - March 2013
Assets$1.54 billion
Equity Capital$141.88 million
Loan Loss Allowance$4.37 million
Unbacked Noncurrent Loans$13.71 million
Real Estate Owned$1.67 million
Profit Margin - Quarterly
Return on Assets0.87%
Return on Equity9.82%
Interest Income$12.83 million

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Polish & Slavic Credit Union Savings Account Rates

0.10%--IRA/ESA Savings Account
0.05%--Savings Account
0.05%--Vacation Club
0.05%--Holiday Club
0.05%--Goal Account
0.05%--Business Savings Account

Polish & Slavic Credit Union Money Market Rates

0.05%--Money Market Account
0.05%$2,500-Business Money Market

Polish & Slavic Credit Union Checking Account Rates

0.05%--Plus Business Checking
0.01%--Standard Business Checking
0.01%--Business Checking for Non-Profits

Polish & Slavic Credit Union CD Rates

1.05%$500-5 Year CD
0.75%$500-4 Year CD
0.70%$500-3 Year CD
0.60%$500-30 Month CD
0.50%$500-2 Year CD
0.30%$500-18 Month CD
0.20%$500-9 Month CD
0.20%$500-1 Year CD
0.20%$500-Business 9 Month CD
0.20%$500-Business 1 Year CD
0.10%$500-3 Month CD
0.10%$500-6 Month CD
0.10%$500-Business 6 Month CD

Polish & Slavic Credit Union IRA Rates

1.05%$500-5 Year IRA
0.75%$500-4 Year IRA
0.70%$500-3 Year IRA
0.60%$500-30 Month IRA
0.50%$500-2 Year IRA
0.30%$500-18 Month IRA
0.20%$500-9 Month IRA
0.20%$500-1 Year IRA
0.10%$500-3 Month IRA
0.10%$500-6 Month IRA

Polish & Slavic Credit Union has 16 locations. Click to view all Polish & Slavic Credit Union locations.