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Jovia Financial Credit Union


Overview / Commentary
www.jovia.org
516-561-0030
1000 Corporate Dr
Westbury, NY 11590

Jovia Financial Credit Union is headquartered in Westbury and is the 9th largest credit union in the state of New York. It is also the 95th largest credit union in the nation. It was established in 1938 and as of March of 2022, it had grown to 440 employees and 208,812 members at 20 locations. Jovia Financial Credit Union has a B+ health rating.

Field of Membership Restrictions

Jovia Financial Credit Union is open to anyone who lives, works, or goes to school in Nassau or Suffolk County (excludes the townships of East Hampton, Southampton, and Shelter Island). Immediate family and household members of existing credit union members also qualify.
See current membership details

Related Posts

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.

30 Month With 1 Time Bump Up: 1.60% APY - 5/3/2022

1.6% APY 30 Month CD, regular or IRA, with a one time bump up to a higher rate: 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.

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Reviews (5)

NEFCU is terrific

Posted by: |

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.

1

Great Credit Union

Posted by: |

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.

1

Review of Nassau Educators Federal Credit Union

Posted by: |

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.

1

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%.

4

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.

8


Health
B+

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #2760
Year Chartered1938
Employees440
Primary Regulator
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD7.95%
Annual Interest Income$27.3MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$3.98B$3.88B
LoansQ1 2022vs Q1 2021$2.85B$2.94B
DepositsQ1 2022vs Q1 2021$3.63B$3.50B
Equity CapitalQ1 2022vs Q1 2021$297.4MM$330.6MM
Loan Loss AllowanceQ1 2022vs Q1 2021$28.0MM$24.6MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$33.0MM$49.9MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates

Rates for Jovia Financial Credit Union are currently being reviewed.

Locations

Availability



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