American Broadcast Employees Federal Credit Union
American Broadcast Employees Federal Credit Union is headquartered in Rockville Centre and is the 76th largest credit union in the state of New York. It is also the 1,627th largest credit union in the nation. It was established in 1967 and as of June of 2022, it had grown to 25 employees and 7,807 members at 7 locations. American Broadcast Employees Federal Credit Union 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
Run Far Away - Bank Anywhere But Here
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.
Fraudulent
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.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 18273 |
| Year Chartered | 1967 |
| Employees | 25 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.02% |
| Return on Equity - YTD | 0.24% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $126.7MM$126.0MM |
| Loans | Q2 2022vs Q2 2021 | $63.8MM$64.5MM |
| Deposits | Q2 2022vs Q2 2021 | $114.3MM$113.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $10.9MM$10.8MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $365.00K$480.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.3MM$162.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |