Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
2400 Jericho Tpke
Garden City Par, NY 11040

Sperry Associates Credit Union is headquartered in Garden City Park and is the 40th largest credit union in the state of New York. It is also the 774th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 35 employees and 15,605 members. Sperry Associates Credit Union has a C- health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Nassau County. - See Details

No reviews have been left for this bank yet. Be the first to review.


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 Sperry Associates Credit Union had $11.99 million in non-current loans and owned real-estate with $18.56 million in equity and loan loss allowances on hand to cover it. This gives Sperry Associates Credit Union a Texas Ratio of 64.57% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Sperry Associates Credit Union increased slightly from 46.28% as of March 31, 2013 to 64.57% as of March 31, 2014, resulting in a negative change of 39.54%. This indicates that the balance sheet and financial strength for Sperry Associates Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Sperry Associates Credit Union has decreased its total deposits by -$16.47 million, resulting in -6.23% 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 Sperry Associates Credit Union has shown is below 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. Sperry Associates Credit Union has $263.17 million in assets with $18.56 million in equity, resulting in a capitalization level of 7.05%, which is below average.

Institution Statistics

NCUA #1787
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$263.17 million
Loans$143.29 million
Deposits$247.78 million
Equity Capital$14.53 million
Loan Loss Allowance$4.04 million
Unbacked Noncurrent Loans$11.99 million
Real Estate Owned$0
Historic Data - March 2013
Assets$280.14 million
Equity Capital$14.74 million
Loan Loss Allowance$5.94 million
Unbacked Noncurrent Loans$11.99 million
Real Estate Owned$1.52 million
Profit Margin - Quarterly
Net Interest Margin1.01%
Return on Assets2.41%
Return on Equity43.67%
Interest Income$2.16 million

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

Sperry Associates Credit Union Savings Account Rates

0.50%$50k-Premium Savings
0.50%$50k-IRA Savings
0.50%$50k-Roth IRA Savings
0.50%$50k-CESA Savings
0.25%--Holiday Club
0.25%--Vacation Club
0.25%--Kirby Kangaroo Kids Account
0.25%--CU Succeed Savings
0.20%--Share Account
0.20%$500-Business Savings

Sperry Associates Credit Union Money Market Rates

0.45%$20k-Money Market
0.25%$5k-Business Money Market

Sperry Associates Credit Union Checking Account Rates

0.35%$5k-Platinum Checking
0.20%--Business Interest Checking

Sperry Associates Credit Union CD Rates

1.50%$500-60 Month CD
1.40%$500-48 Month CD
1.25%$500-36 Month CD
1.05%$500-30 Month Step-up CD
1.00%$500-24 Month CD
1.00%$50-24 Month Youth CD
0.65%$500-15 Month CD
0.50%$500-12 Month CD
0.50%$50-12 Month Youth CD
0.40%$500-6 Month CD
0.40%$50-6 Month Youth CD
0.30%$500-3 Month CD

Sperry Associates Credit Union IRA Rates

1.50%$500-60 Month IRA
1.40%$500-48 Month IRA
1.25%$500-36 Month IRA
1.05%$500-30 Month Step-Up IRA
1.00%$500-24 Month IRA
0.65%$500-15 Month IRA
0.50%$500-12 Month IRA
0.40%$100-6 Month IRA
0.30%$500-3 Month IRA

Sperry Associates Credit Union Locations
Branch Office2400 Jericho TpkeGarden City Park, NY 11040