Jovia Financial Credit Union


Overview / Commentary
516-561-0030
1000 Corporate Dr
Westbury, NY 11590

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 90th largest credit union in the nation. It was established in 1938 and as of December of 2023, it had grown to 507 employees and 220,087 members at 21 locations. Jovia Financial Credit Union's savings rates are 10X 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

Jovia Financial Unveils Rate-Leading 40-Month Certificate - 9/29/2023

Jovia Financial Credit Union (easy membership) has unveiled a new rate-leading 40-month Certificate. $100 minimum opening deposit, with no stated balance cap.

Jovia Financial Boosts Rate On Nationally Available 18-Month CD - 6/30/2023

Jovia Financial Credit Union (easy membership) has added 85 bps to its 18-month Certificate. $100 minimum opening deposit, with no stated balance cap.

View all posts from:

12/20/18 - No More Penalty Free, RATE DROP
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).

Reviews (7)

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.

Jovia Won't Make You Jovial

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Opened a new account with Jovia in April 2024 hoping to engage in shared branch banking. Two weeks later, I received a notice from Jovia that starting in June, on-line / digital banking customers will incur a $25 charge for any transaction involving a live person at Jovia or elsewhere. My second issue was Jovia's inability to connect my new account with a second credit union even after I completed the two test deposits and received notice from Jovia that the verification was successfully completed. I contacted the other credit union and was informed there was not a block on their end. No one at Jovia can explain why that occurred and the security department at Jovia has suspended my external transfers to/from that institution. I was told to start the process again. Third issue was a 5/2/2024 bill payment to AMEX that was confirmed in an email from Jovia on 5/4/2024. Ironically, on 5/4/2024, the AMEX payment was not appearing in my account as paid, pending or scheduled. Once again, I spoke with Jovia and no one could explain why. A branch manager did inform me that all Jovia bill payments are done by check and not electronic means although I noted the Jovia bill pay portal portrays an image of a paper check or icon next to the payee suggesting differentiating means of payment. The issues are ongoing!

Used To Be A Good Credit Union Until They Tanked Their Interest Rate

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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%.

When I Got Scammed And Jovia Let It Happen

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So i made an order from a company and never received my product, NOR TRACKING AND SHIPPING information even though i paid for route protection. I contacted my bank JOVIA and they couldn’t get me any results?! I was told according to visa’s criteria that the action is not fraudulent( when i asked of visa’s policy i was told i don’t know by the person quoting it). After 90 days of calling them for a resolution (even though i was told 60 days) JOVIA was only able to provide me with the SAME receipt i provided them of sale, but theirs came from the company. So the company got my money and NEVER sent my merchandise but my bank couldn’t help me stop payment? If you want to be screwed and jerked bank with JOVIA. The saddest part is i spoke to the corporate representative and even though he agreed the transaction was wrong i was simply told since the dispute is closed we cannot get shipping information? So when did you help the client who disputed it?

Online Banking

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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.



Health

Health Grade Components

Overall
NCUA #2760
Year Chartered1938
Employees507
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD7.31%
Annual Interest Income$199.7MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$4.44B$4.23B
LoansQ4 2023vs Q4 2022$3.52B$3.25B
DepositsQ4 2023vs Q4 2022$3.86B$3.73B
Equity CapitalQ4 2023vs Q4 2022$271.3MM$257MM
Loan Loss AllowanceQ4 2023vs Q4 2022$44.2MM$19.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$35.2MM$17.9MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Jovia Financial 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.

Jovia Financial Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$2-Online Savings - New Money
5.00%*-$3kStudent Saver
OTHER TIERS: 0.10% $3k+
4.00%$10-Tuition Builder
2.00%*$15k*-Health Savings Account
OTHER TIERS: 0.10% $135 - $2.5k | 0.20% $2.5k - $15k
1.00%$6-Dollar Dog Kids Club
1.00%$6-Elements Teen Share Account
0.20%$30-IRA Liquid Savings
0.10%$60-Share Savings
0.10%$60-Business Savings
0.10%$60-Special Purpose Account

Jovia Financial Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$5m*-Business Money Market
OTHER TIERS: 0.75% $2.5k - $25k | 1.00% $25k - $50k | 1.25% $50k - $100k | 2.00% $100k - $250k | 2.10% $250k - $1m | 2.25% $1m - $5m
2.50%*$5m*-Money Market Account
OTHER TIERS: 0.75% $2.5k - $25k | 1.00% $25k - $50k | 1.25% $50k - $100k | 2.00% $100k - $250k | 2.10% $250k - $1m | 2.25% $1m - $5m

Jovia Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*-$25kGo Green Checking - Qualifying
OTHER TIERS: 0.10% $25k+
0.85%--Business Checking with Interest

Jovia Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$100-8 Month Certificate
5.00%$100-Business 8 Month Certificate
4.70%$100-13 Month Certificate
4.70%$100-Business 13 Month Certificate
4.55%$100-25 Month Certificate
4.55%$100-Business 25 Month Certificate
4.10%$100-Business 18 Month Certificate
4.10%$100-18 Month Certificate
4.00%$100-6 Month Certificate
4.00%$100-Business 6 Month Certificate
4.00%$100-40 Month Certificate
4.00%$100-Business 40 Month Certificate
3.50%$100-4 Year Certificate
3.50%$100-Business 4 Year Certificate
3.25%$100-3 Year Certificate
3.25%$100-5 Year Certificate
3.25%$100-Business 3 Year Certificate
3.25%$100-Business 5 Year Certificate
3.00%$100-2 Year Certificate
3.00%$100-Business 2 Year Certificate
2.00%$100-3 Month Certificate
2.00%$100-1 Year Certificate
2.00%$100-Business 3 Month Certificate
2.00%$100-Business 1 Year Certificate

Jovia Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$100-8 Month IRA
4.70%$100-13 Month IRA
4.55%$100-25 Month IRA
4.10%$100-18 Month IRA
4.00%$100-6 Month IRA
4.00%$100-40 Month IRA
3.50%$100-4 Year IRA
3.25%$100-3 Year IRA
3.25%$100-5 Year IRA
3.00%$100-2 Year IRA
2.00%$100-3 Month IRA
2.00%$100-1 Year IRA
Locations

Availability

New York Area

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