5 star ratingAverage User Rating:
5 star rating based on 1 review.

Teachers Federal Credit Union

Teachers Federal Credit Union Locations
102 Motor Pkwy
Hauppauge, NY 11738
(631) 698-7000
www.teachersfcu.org

NCUA


Teachers Federal Credit Union is headquartered in SMITHTOWN and is the 2nd largest credit union in the state of New York. It is also the 20th largest credit union in the nation. It was established in 1952 and as of December of 2012, it had grown to 498 employees and 227,572 members. Teachers Federal Credit Union has a 5-star health rating.

Related Posts

2.40% 16-Month Jumbo CD at Teachers Federal Credit Union in New York - Local Only - 12/3/2009

Update 12/05/09: The Jumbo 16-month CD rate has fallen to 2.30% APY. The regular 16-month rate has fallen to 1.85% APY. Please check the credit union's website for the latest rates. Teachers Federal Credit Union is still offering a special 16-month Jumbo...

2.50% 16-Month Jumbo CD Continues at Teachers Federal Credit Union in New York - Local Only - 10/7/2009

Update 1/09/2010: The Jumbo 16-month CD special rate has fallen to 2.30% APY.Teachers Federal Credit Union continues to offer a special 16-month Jumbo certificate with a 2.50% APY. Minimum deposit for Jumbos is $100,000. For a $1,000 minimum, the APY is...

2.50% 16-Month CD at Teachers Federal Credit Union in New York - Local Only - 8/4/2009

Teachers Federal Credit Union is offering a special 16-month Jumbo certificate with a 2.50% APY. Minimum deposit for Jumbos is $100,000. For a $1,000 minimum, the APY is 2.20%. This special is also available in an IRA and Coverdell Education Savings...

Competitive Jumbo Money Market and CD Rates at Teachers FCU in New York - 5/11/2009

Teachers Federal Credit Union is offering a special 11-month Jumbo certificate with a 2.60% APY. Minimum deposit for Jumbos is $100,000. The credit union also has competitive rates on its Tiered Money Market Account with a 2.42% APY for a $100,000...

2009

2008




See Rates for: Checking | Savings | Money Market | CD | IRA

Teachers Federal Credit Union Checking Account Rates

ApyMinMaxProduct
0.15%$2,500-Checking

Teachers Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.30%$50-Share Savings
0.30%$50-IRA Savings
0.30%$50-Holiday Club
0.30%$50-Roth IRA Savings
0.30%$50-Coverdell Education Savings Account
0.30%$50-Vacation Club

Teachers Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.65%$100k-Tiered Money Market

Teachers Federal Credit Union CD Rates

ApyMinMaxProduct
1.55%$1k-60 Month CD
1.45%$1k-48 Month CD
1.30%$1k-36 Month CD
1.10%$1k-30 Month CD
1.00%$100k-16 Month Jumbo CD
1.00%$1k-16 Month CD
1.00%$1k-24 Month CD
0.55%$100k-8 Month Jumbo CD
0.55%$100k-12 Month Jumbo CD
0.55%$1k-12 Month CD
0.45%$100k-6 Month Jumbo CD
0.45%$1k-6 Month CD
0.30%$100k-1 Month Jumbo CD
0.30%$100k-2 Month Jumbo CD
0.30%$100k-3 Month Jumbo CD
0.30%$1k-3 Month CD

Teachers Federal Credit Union IRA Rates

ApyMinMaxProduct
1.55%$1k-60 Month Traditional IRA
1.55%$500-60 Month CESA
1.55%$1k-60 Month Roth IRA
1.45%$1k-48 Month Traditional IRA
1.45%$500-48 Month CESA
1.45%$1k-48 Month Roth IRA
1.30%$1k-36 Month Traditional IRA
1.30%$500-36 Month CESA
1.30%$1k-36 Month Roth IRA
1.10%$1k-30 Month Traditional IRA
1.10%$500-30 Month CESA
1.10%$1k-30 Month Roth IRA
1.00%$1k-16 Month Traditional IRA
1.00%$1k-24 Month Traditional IRA
1.00%$500-16 Month CESA
1.00%$500-24 Month CESA
1.00%$1k-16 Month Roth IRA
1.00%$1k-24 Month Roth IRA
0.55%$1k-12 Month Traditional IRA
0.55%$500-12 Month CESA
0.55%$1k-12 Month Roth IRA
0.45%$1k-6 Month Traditional IRA
0.45%$500-6 Month CESA
0.45%$1k-6 Month Roth IRA
0.30%$1k-3 Month Traditional IRA
0.30%$500-3 Month CESA
0.30%$1k-3 Month Roth IRA

Rates updated: 5/19/2013

Data for Q4 2012


Institution Statistics


TEACHERS
NCUA #8116
BankRate ReportView
Year Chartered1952
Employees498
Primary Regulator

Assets and Liabilities

Assets$4.70 billion
Loans$1.88 billion
Deposits$4.25 billion
Equity Capital$427.43 million
Loan Loss Allowance$25.81 million
Unbacked Noncurrent Loans$12.08 million
Real Estate Owned$421,000

Historic Data - December 2011

Assets$4.20 billion
Equity Capital$392.36 million
Loan Loss Allowance$23.29 million
Unbacked Noncurrent Loans$12.32 million
Real Estate Owned$24,000

Profit Margin - Quarterly

Net Interest Margin3.43%
Return on Assets0.98%
Return on Equity10.83%
Interest Income$126.24 million
Non-Interest Income$37.81 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Teachers Federal Credit Union had $12.5 million in non-current loans and owned real-estate with $453.24 million in equity and loan loss allowances on hand to cover it. This gives Teachers Federal Credit Union a Texas Ratio of 2.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Teachers Federal Credit Union held steady from 2.97% as of December 31, 2011 to 2.76% as of December 31, 2012, resulting in a positive change of 7.17%.This indicates that the balance sheet and financial strength for Teachers Federal Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Teachers Federal Credit Union has increased its total deposits by $457.38 million, resulting in 12.06% 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 Teachers Federal Credit Union has shown is excellent.
Capitalization3
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. Teachers Federal Credit Union has $4.7 billion in assets with $453.24 million in equity, resulting in a capitalization level of 9.63%, which is average.
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All Around Excellent Credit Union
5 stars - veggiecannibal - Saturday, March 5, 2011 - 6:06 PM

Teachers Federal Credit Union is an amazing credit union. I have been using them for most of my money for the past 5 years. The rates are excellent, and the fees are extremely low. They have CDs which seem to be fairly average, and a money market account with decent yeilds. One of the best features of this bank is the low minimum, it was $1 when I first started, and I believe it still is. Still, if you keep at least $5000, they give you great benefits like free checking. The service is pretty good, they have always been nice and courteous. They are allied to a large number of other credit unions, so it's easy to get your money wherever you are, and there are a number of free ATMs. It's not just for teachers anymore! I heartily recommend Teachers, especially if you are closeby to a branch. If you go to Stony Brook University, you definitely should have an account at teachers.

3