American Broadcast Employees Federal Credit Union

Overview / Commentary

www.abefcu.org

516-763-7505

7 Front St
Rockville Centre, NY 11570

American Broadcast Employees Federal Credit Union is headquartered in Rockville Centre and is the 73^rd largest credit union in the state of New York. It is also the 1,577^th largest credit union in the nation. It was established in 1967 and as of March of 2020, it had grown to 30 employees and 8,440 members at 8 locations. American Broadcast Employees 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 in American Broadcast Employees Federal Credit Union is open to anyone in New York, New Jersey, Pennsylvania, Massachusetts, Vermont, Connecticut, and Rhode Island through joining the American and New York Consumer Council. Membership is also open to employees of the Walt Disney Company, ABC and its subsidiaries, Marvel Entertainment, ESPN and over 20 entertainment industry-related companies.
See current membership details

Reviews (2)

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Run Far Away - Bank Anywhere But Here

Posted by: kwaichangcaine | Aug 15, 2018

I've been a member of this credit union for two decades, and it's taken a precipitous dive in the last couple of years. Don't even think of banking here. Everyone who was good and knew what they were doing has left. Fees are outrageous - bank will post your transactions out of order to try to put you into overdraft and charge you $29 each time. Will not negotiate either, and they refer to this overdraft robbery as "The Privilege," which shows you how out of touch this CU is. Stingy with loans as well, and rates aren't competitive. No advantages to banking here. Switching immediately to 20th Century Fox CU.

Comment

Fraudulent

Posted by: golferms | Aug 14, 2016

The operations department at this credit union has no idea what they are doing. They put someone in charge with no training, no experience and no idea. I would stay away from this cu and go to a more substantial place.

Comment

Health

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #	18273
Year Chartered	1967
Employees	30
Primary Regulator

Profit Margin
Return on Assets - YTD	0.17%
Return on Equity - YTD	1.73%
Annual Interest Income	$1.0MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$110.4MM$108.8MM
Loans	Q1 2020vs Q1 2019	$69.0MM$66.6MM
Deposits	Q1 2020vs Q1 2019	$98.2MM$96.9MM
Equity Capital	Q1 2020vs Q1 2019	$11.1MM$10.1MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$398.00K$379.00K
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$1.7MM$1.7MM
Real Estate Owned	Q1 2020vs Q1 2019	$0$0

Rates

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Always verify rates and promotions with the bank or credit union. We are not American Broadcast Employees Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

American Broadcast Employees Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%^*	$100k^*	-	IRA Savings
OTHER TIERS: 0.40% → Up to $100k
0.20%^*	$100k^*	-	Share Savings
OTHER TIERS: 0.10% → $100 - $100k
0.10%	-	-	Holiday Club
0.10%	-	-	Vacation Club

American Broadcast Employees Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$100k^*	-	Money Market
OTHER TIERS: 0.10% → $2.5k - $25k \| 0.30% → $25k - $50k \| 0.40% → $50k - $100k

American Broadcast Employees Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	-	-	Primetime Share Draft
0.05%	$2k	-	Super Share Draft
0.05%	$3k	-	Super Plus Share Draft -Linked

American Broadcast Employees Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$500	$100k	60 Month Investment Share Certificate
0.75%	$100k	-	5 Year Investment Share Certificate
0.50%	$500	$100k	24 Month Investment Share Certificate
0.50%	$100k	-	2 Year Investment Share Certificate
0.40%	$500	-	12 Month Investment Share Certificate
0.40%	$500	-	13 Month Add On Investment Share Certificate
0.40%	$500	-	15 Month Bump Up Investment Share Certificate
0.20%	$500	-	6 Month Investment Share Certificate
0.10%	$500	-	3 Month Investment Share Certificate

American Broadcast Employees Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$500	$100k	60 Month IRA Certificate
0.75%	$100k	-	5 Year IRA Certificate
0.50%	$500	$100k	24 Month IRA Certificate
0.50%	$100k	-	2 Year IRA Certificate
0.40%	$500	-	12 Month IRA Certificate
0.40%	$500	-	13 Month Add On IRA Certificate
0.40%	$500	-	15 Month Bump Up Rate IRA Certificate
0.20%	$500	-	6 Month IRA Certificate
0.10%	$500	-	3 Month IRA Certificate

Locations

American Broadcast Employees Federal Credit Union Locations
Branch Office	2300 Riverside Dr	Burbank, CA 91521
Branch Office	2312 W Olive Ave	Burbank, CA 91506
Branch Office	4151 Prospect Ave	Los Angeles, CA 90027
Branch Office	125 W End Ave	New York, NY 10023
Branch Office	77 W 66th St	New York, NY 10023
Branch Office	1717 DeSales St NW	Washington, DC 20036
Branch Office	680 Birch St	Bristol, CT 06010
Branch Office	190 N State St	Chicago, IL 60601

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