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

Teachers Federal Credit Union

2410 North Ocean Ave
Farmingville, NY 11738
1-800-341-4333
www.teachersfcu.org

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Teachers Federal Credit Union is headquartered in FARMINGVILLE and is the 2^nd largest credit union in the state of New York. It is also the 20^th largest credit union in the nation. It was established in 1952 and as of September of 2011, it had grown to 465 employees and 219,354 members. Teachers Federal Credit Union's money market rates are 48% higher than the national average, and it boasts a 5-star health rating.

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

2/28 - 4.00% 8-Month CD at a New York CU - Jumbo (Teachers).

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

Teachers Federal Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.15%	$2,500	-	Share Draft Checking

Teachers Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.45%	$50	-	Share Savings
0.45%	$50	-	IRA Savings
0.45%	$50	-	Holiday Club
0.45%	$50	-	Roth IRA Savings
0.45%	$50	-	CESA Savings
0.45%	$50	-	Vacation Club

Teachers Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.95%	$250k	-	Tiered Money Market

Teachers Federal Credit Union CD Rates

Apy	Min	Max	Product
2.26%	$1k	-	60 Month CD
2.00%	$1k	-	48 Month CD
1.75%	$1k	-	36 Month CD
1.40%	$1k	-	30 Month CD
1.30%	$1k	-	24 Month CD
1.15%	$100k	-	16 Month Jumbo CD
1.10%	$1k	-	16 Month CD
0.90%	$100k	-	8 Month Jumbo CD
0.85%	$100k	-	12 Month Jumbo CD
0.85%	$1k	-	12 Month CD
0.65%	$100k	-	6 Month Jumbo CD
0.65%	$1k	-	6 Month CD
0.45%	$100k	-	1 Month Jumbo CD
0.45%	$100k	-	2 Month Jumbo CD
0.45%	$100k	-	3 Month Jumbo CD
0.45%	$1k	-	3 Month CD

Teachers Federal Credit Union IRA Rates

Apy	Min	Max	Product
2.26%	$1k	-	60 Month Traditional IRA
2.26%	$500	-	60 Month CESA
2.26%	$1k	-	60 Month Roth IRA
2.00%	$1k	-	48 Month Traditional IRA
2.00%	$500	-	48 Month CESA
2.00%	$1k	-	48 Month Roth IRA
1.75%	$1k	-	36 Month Traditional IRA
1.75%	$500	-	36 Month CESA
1.75%	$1k	-	36 Month Roth IRA
1.40%	$1k	-	30 Month Traditional IRA
1.40%	$500	-	30 Month CESA
1.40%	$1k	-	30 Month Roth IRA
1.30%	$1k	-	24 Month Traditional IRA
1.30%	$500	-	24 Month CESA
1.30%	$1k	-	24 Month Roth IRA
1.10%	$1k	-	16 Month Traditional IRA
1.10%	$500	-	16 Month CESA
1.10%	$1k	-	16 Month Roth IRA
0.85%	$1k	-	12 Month Traditional IRA
0.85%	$500	-	12 Month CESA
0.85%	$1k	-	12 Month Roth IRA
0.65%	$1k	-	6 Month Traditional IRA
0.65%	$500	-	6 Month CESA
0.65%	$1k	-	6 Month Roth IRA
0.45%	$1k	-	3 Month Traditional IRA
0.45%	$500	-	3 Month CESA
0.45%	$1k	-	3 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

TEACHERS
NCUA #	8116
BankRate Report	View
Year Established	1952
Employees	465
Primary Regulator
Assets and Liabilities
Assets	$4.13 billion
Loans	$1.69 billion
Deposits	$3.73 billion
Equity Capital	$384.91 million
Loan Loss Allowance	$25.59 million
Unbacked Noncurrent Loans	$13.45 million
Real Estate Owned	$447,000
Historic Data - September 2010
Assets	$4.00 billion
Equity Capital	$351.21 million
Loan Loss Allowance	$20.03 million
Unbacked Noncurrent Loans	$10.47 million
Real Estate Owned	$348,000
Profit Margin - Quarterly
Net Interest Margin	2.85%
Return on Assets	0.82%
Return on Equity	8.84%
Interest Income	$101.52 million
Non-Interest Income	$20.36 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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 September 30, 2011 Teachers Federal Credit Union had $13.9 million in non-current loans and owned real-estate with $410.5 million in equity and loan loss allowances on hand to cover it. This gives Teachers Federal Credit Union a Texas Ratio of 3.39% 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 Teachers Federal Credit Union held steady from 2.91% as of September 30, 2010 to 3.39% as of September 30, 2011, resulting in a negative change of 16.22%. This indicates that the balance sheet and financial strength for Teachers Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Teachers Federal Credit Union has increased its total deposits by $99.89 million, resulting in 2.75% 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 above average.
Capitalization
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 $4.13 billion in assets with $410.5 million in equity, resulting in a capitalization level of 9.94%, which is average.

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.