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631-924-8000
3681 Horseblock Rd
Medford, NY 11763

Suffolk Federal Credit Union is headquartered in Medford and is the 18st largest credit union in the state of New York. It is also the 242nd largest credit union in the nation. It was established in 1967 and as of December of 2013, it had grown to 133 employees and 52,591 members. Suffolk 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 persons who live, work, worship, or attend school in, and businesses and other legal entities located in Suffolk County, New York. Also included are spouses of persons who died while within the field of membership of this credit union, employees of this credit union, volunteers in the community along with members of their immediate family or household, and organizations of such volunteers. - See Details

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Reviews (1)

Untrained Teller, Argumentative Manager - Miller Place Branch

 

Teller are unsure how to process all but the most basic transactions. manager likes to argue with customers. I'm closing my account.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Suffolk Federal Credit Union had $4.9 million in non-current loans and owned real-estate with $88.11 million in equity and loan loss allowances on hand to cover it. This gives Suffolk Federal Credit Union a Texas Ratio of 5.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Suffolk Federal Credit Union decreased slightly from 7.72% as of December 31, 2012 to 5.56% as of December 31, 2013, resulting in a positive change of 27.98%.This indicates that the balance sheet and financial strength for Suffolk Federal Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Suffolk Federal Credit Union has decreased its total deposits by -$8.52 million, resulting in -1.12% 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 Suffolk Federal Credit Union has shown is average.

Capitalization

GRADE:
B

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. Suffolk Federal Credit Union has $886.4 million in assets with $88.11 million in equity, resulting in a capitalization level of 9.94%, which is above average.

Institution Statistics

Overall
NCUA #17914
Year Chartered1967
Employees133
Primary Regulator
Assets and Liabilities
Assets$886.40 million
Loans$452.85 million
Deposits$749.16 million
Equity Capital$85.96 million
Loan Loss Allowance$2.16 million
Unbacked Noncurrent Loans$4.65 million
Real Estate Owned$245,000
Historic Data - December 2012
Assets$899.22 million
Equity Capital$95.03 million
Loan Loss Allowance$2.91 million
Unbacked Noncurrent Loans$4.65 million
Real Estate Owned$418,000
Profit Margin - Quarterly
Net Interest Margin3.84%
Return on Assets0.56%
Return on Equity5.78%
Interest Income$26.98 million
Rates

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

Suffolk Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$5k-Holiday Club
0.15%$5k-Vacation Club
0.10%$100-Share Savings
0.10%--IRA Savings
0.10%--SEP Savings

Suffolk Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-Insured Money Market

Suffolk Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Deluxe Business Checking
0.35%$50k-Max Money Checking
0.10%$10k-Advantage Checking
0.10%$10k-Girl Scouts Free Checking
0.10%$10k-LI2Day Free Checking

Suffolk Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-60 Month Certificate
1.50%$500-48 Month Certificate
1.35%$500-36 Month Certificate
1.01%$500-24 Month Certificate
1.01%$500-14 Month Certificate
0.75%$500-12 Month Certificate
0.40%$500-6 Month Certificate
0.30%$500-3 Month Certificate

Suffolk Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-60 Month IRA Certificate (Traditional,SEP)
1.50%$500-48 Month IRA Certificate (Traditional,SEP)
1.35%$500-36 Month IRA Certificate (Traditional,SEP)
1.01%$500-24 Month IRA Certificate (Traditional,SEP)
1.01%$500-14 Month IRA Certificate (Traditional,SEP)
0.75%$500-12 Month IRA Certificate (Traditional,SEP)
0.40%$500-6 Month IRA Certificate (Traditional,SEP)
0.30%$500-3 Month IRA Certificate (Traditional,SEP)
Locations


Suffolk Federal Credit Union Locations
Branch Office1282 Motor PkwyIslandia, NY 11749-1405
Branch Office2 Enterprise Zone Dr # RtRiverhead, NY 11901-3707
Branch Office50 Route 109 # 110 (Shop-Rite Center)West Babylon, NY 11704-6208
Branch Office6150 Jericho Tpke # RtCommack, NY 11725-2802
Branch Office691 Route 25A (Aliano Shopping Center)Miller Place, NY 11764-2643
Branch Office5 Eastport Manor Rd # 25Eastport, NY 11941-1410
Branch Office3681 Horseblock RdMedford, NY 11763-2242