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 92nd largest credit union in the nation. It was established in 1938 and as of December of 2022, it had grown to 465 employees and 208,789 members at 21 locations. Jovia Financial Credit Union's savings rates are 7X the national average, and it has a B+ health rating.
Field of Membership Restrictions
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
Related Posts
6/26 - 30 Months @ 2.5% PLUS A One Time Bump Up If Rates Go Higher
5/3 - 30 Month With 1 Time Bump Up: 1.60% APY
11/22/18 - NEFCU Brings Back 18-Month Penalty Free CD
11/19/18 - 2.75%APY No Penalty 18 Month CD
6/25/18 - NEFCU (Long Island) Adds 25-Month CD
3/28/18 - NEFCU (Long Island) Hikes 3-Year CD Rate
2/22/18 - NEFCU (Long Island) Adds 18-Month Penalty Free CD, 1.85% APY
2/22/18 - Penalty-Free 1.85%APY 18 Month, Long Island, NY
5/25/17 - NEFCU (NY) Hikes 18-Month CD Rate
3/27/17 - NEFCU's (NY) 5-Year Certificate's APY Hits Five Year High
1/25/17 - Easy $5 For Those In Nassau Or Suffolk County, New York
1/11/17 - Winter CD Special At NEFCU In New York
8/21/16 - $75 Direct Deposit Checking Bonus At NEFCU In New York
12/2/15 - NEFCU (NY) Adds Holiday Special 13- and 18-month CDs
11/28/14 - Major Changes To NEFCU RCA Coming In Jan
11/10/14 - NEFCU (NY) Introduces New Highly Competitive 13-month CD - New Money
11/5/13 - Bonus Still Available for a Reward Checking Account at NEFCU in Long Island
10/25/13 - Higher 20-Month Bump CD Rate at NEFCU in Long Island
4/23/13 - Bonus for a Reward Checking Account at NEFCU in Long Island
12/17/12 - $100 Checking Bonus & Top Reward Checking at Nassau Educators FCU - Local Only
11/1/12 - Nassau Educators FCU Go-Green Checking Drop (3.04%,$25K) To (2.53%,$25K)
12/2/10 - Top CD and Reward Checking Rates at NEFCU in New York - Local Only
7/18/10 - NEFCU in New York Expands Membership - More Can Qualify for its High-Yield Reward Checking
11/23/09 - 2.10% 15-Month CD at Nassau Educators FCU in New York - Local Only
11/23/09 - High-Yield Reward Checking Account at Nassau Educators FCU in New York
12/24/08 - 4.00% 15-Month CD at Nassau Educators FCU in New York
4/19/08 - 4.58% 28-Month CD at a New York CU - IRA (Nassau Educators).
NEFCU is terrific
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.
Great Credit Union
NEFCU is a credit union that works for its members and provide a great rewards checking account, contests for members, low rate loans, and works on providing new services that provide savings and convenience to members.
Review of Nassau Educators Federal Credit Union
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.
Used To Be A Good Credit Union Until They Tanked Their Interest Rate
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%.
Online Banking
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.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2760 |
| Year Chartered | 1938 |
| Employees | 465 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 9.48% |
| Annual Interest Income | $131.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $4.23B$3.96B |
| Loans | Q4 2022vs Q4 2021 | $3.25B$2.84B |
| Deposits | Q4 2022vs Q4 2021 | $3.73B$3.58B |
| Equity Capital | Q4 2022vs Q4 2021 | $257.0MM$337.8MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $19.1MM$29.3MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $17.9MM$50.0MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
