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 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

Jovia Financial Is Offering Competitive 18-Month CD Nationwide - 3/14/2023

Jovia Financial Credit Union (easy membership) has substantially increased the rate on its 18-month Certificate. $100 minimum opening deposit, with no stated balance cap.

3 Percent 18 Months - 9/18/2022

3 percent 18 months as of this morning

30 Months @ 2.5% PLUS A One Time Bump Up If Rates Go Higher - 6/26/2022

30 Months @ 2.5% APY PLUS a one time bump up if rates go higher, $100 minimum deposit. Hope this deal is still around when my IRA CD matures in a couple of months. You can elect to bump-up your initial Term Certificate rate once during the initial term of the account to either the then-corresponding 2-year Certificate rate or the 30-month Certificate rate. When you bump-up your rate, you will receive that higher rate for the remainder of your initial 30-month term. Your original maturity date will remain the same. At maturity, certificate automatically renews to our basic 2-year Term Certificate account and will not include the special bump-up rate feature.

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 (5)

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

Posted by: |

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

Posted by: |

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
B+

Health Grade Components

Overall
NCUA #2760
Year Chartered1938
Employees465
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD9.48%
Annual Interest Income$131.1MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$4.23B$3.96B
LoansQ4 2022vs Q4 2021$3.25B$2.84B
DepositsQ4 2022vs Q4 2021$3.73B$3.58B
Equity CapitalQ4 2022vs Q4 2021$257.0MM$337.8MM
Loan Loss AllowanceQ4 2022vs Q4 2021$19.1MM$29.3MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$17.9MM$50.0MM
Real Estate OwnedQ4 2022vs Q4 2021$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
3.50%$2-Online Savings - New Money
1.34%$10-Tuition Builder
1.00%$6-Dollar Dog Kids Club
1.00%$6-Elements Teen Share Account
0.20%$30-IRA Liquid Savings
0.20%*$2.5k*-Health Savings Account
OTHER TIERS: 0.10% $60 - $2.5k
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 - $1000k | 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+
0.25%--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
4.50%$100-Business 18 Month Certificate
4.50%$100-18 Month Certificate
4.50%$100-15 Month Bump Certificate
4.50%$100-22 Month Certificate
4.50%$100-Business 22 Month Certificate
4.50%$100-Business 15 Month Bump Up Certificate
4.00%$100-1 Year Certificate
4.00%$100-Business 1 Year Certificate
3.75%$100-3 Year Certificate
3.75%$100-Business 3 Year Certificate
3.75%$100-4 Year Certificate
3.75%$100-Business 4 Year Certificate
3.50%$100-6 Month Certificate
3.50%$100-2 Year Certificate
3.50%$100-Business 6 Month Certificate
3.50%$100-Business 2 Year Certificate
2.75%$100-5 Year Certificate
2.75%$100-Business 5 Year Certificate
2.00%$100-3 Month Certificate
2.00%$100-Business 3 Month Certificate

Jovia Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$100-8 Month IRA
4.85%$100-25 Month IRA Special
4.50%$100-18 Month IRA
4.50%$100-15 Month Bump IRA
4.50%$100-22 Month IRA
4.00%$100-1 Year IRA
3.75%$100-3 Year IRA
3.75%$100-4 Year IRA
3.50%$100-6 Month IRA
3.50%$100-2 Year IRA
3.00%$100-5 Year IRA
2.00%$100-3 Month IRA
Locations

Availability

New York Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.