Jovia Financial Credit Union is headquartered in Westbury and is the 8th largest credit union in the state of New York. It is also the 94th largest credit union in the nation. It was established in 1938 and as of June of 2023, it had grown to 507 employees and 215,698 members at 21 locations. Jovia Financial Credit Union has a B+ health rating.
Jovia Financial Credit Union is open to all U.S. citizens/resident aliens who join the CrossState Credit Union Foundation, regardless of where they live. Individuals who live, work, or attend school anywhere on Long Island (NY) qualify for membership. Immediate family and household members of existing credit union members also qualify.
See current membership details
I joined NEFCU when I began my first job in the public school system on Long Island, NY over 25 years ago. Every thing I needed was available through the credit union. Easy applications for credit cards, car loans, mortgages, were right at my finger tips. If I had a question there was always a live person to speak to either by phone or chat on the site. NEFCU also provided me with a free checking account and a competitive rate for my savings account. This is a great bonus to being part of the education system.
As a customer of over 5 years, I have not endured a painful experience. Every encounter I have had with tellers, or any staff have always been very helpful and knowledgeable. They are very lenient and understanding when it comes to accidental overdrafts. One time, one of my checks did not finish clearing, and I tried to withdraw money with my ATM card. It overdrew, and the fee was waived when I explained the situation. They really seem to care about their clients.
Have been a long time member since they were known as NEFCU. Unfortunately, their RCA is no longer competitive paying a measly 1.50% while maintining the same requirements - $250 debit spend, bill pay, estatements. Will be switching to a more competitive bank or credit union that pays a minimum of 3%.
The online banking is terrible. Someone tells you you can only do it online, then online says you have to call the bank. I have been trying to set it up, and they say it's so easy. That you can do it from home, but I have to get up and walk a town over and talk to someone in person.
|Return on Assets - YTD||0.63%|
|Return on Equity - YTD||10.57%|
|Annual Interest Income||$93.0MM|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$4.33B$4.14B|
|Loans||Q2 2023vs Q2 2022||$3.35B$3.03B|
|Deposits||Q2 2023vs Q2 2022||$3.82B$3.72B|
|Equity Capital||Q2 2023vs Q2 2022||$256.6MM$274.3MM|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$0$28.2MM|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$21.1MM$33.1MM|
|Real Estate Owned||Q2 2023vs Q2 2022||$0$0|
Rates for Jovia Financial Credit Union are currently being reviewed.