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 67th largest credit union in the nation. It was established in 1938 and as of June of 2019, it had grown to 384 employees and 197,408 members at 12 locations. Jovia Financial Credit Union's money market rates are 4X the national average, and it has an A health rating.
Field of Membership Restrictions
Jovia Financial Credit Union is open to those who live, work, or go to school in Suffolk or Nassau counties. Immediate family and household members of existing Jovia members are also eligible to join. (Membership requirements are listed in the credit union's online application)
See current membership details
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3/27 - NEFCU's (NY) 5-Year Certificate's APY Hits Five Year High
1/25 - Easy $5 For Those In Nassau Or Suffolk County, New York
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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
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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.
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 Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2760 |
| Year Chartered | 1938 |
| Employees | 384 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 9.26% |
| Annual Interest Income | $64.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $3.38B$3.04B |
| Loans | Q2 2019vs Q2 2018 | $2.68B$2.42B |
| Deposits | Q2 2019vs Q2 2018 | $3.02B$2.72B |
| Equity Capital | Q2 2019vs Q2 2018 | $318.5MM$279.0MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $13.3MM$12.8MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $18.0MM$15.1MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $3 | - | IRA Liquid Savings | |
| 1.00% | $20 | - | Dollar Dog Kids Club | |
| 1.00% | $20 | - | Elements Teen Share Account | |
| 0.30% | $20 | - | Share Account | |
| 0.30% | $20 | - | Business Savings |
Jovia Financial Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.75%* | $25k* | - | Business Money Market | ||
| OTHER TIERS: 0.50% → $2.5k - $25k | |||||
| 1.75%* | $25k* | - | Money Market Account | ||
| OTHER TIERS: 0.50% → $2.5k - $25k | |||||
Jovia Financial Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%* | - | $25k | Jovia Free Checking - Qualifying | ||
| OTHER TIERS: 0.50% → $25k+ | |||||
| 0.25% | - | - | Business Checking with Interest | ||
