Maspeth Federal Savings & Loan Association began operations in 1947 as a federally chartered savings and loan association. Throughout its history, Maspeth Federal has concentrated its operations in Queens & Western Nassau Counties, New York and has operated as a traditional savings and loan association.
Great Little Bank.
Savings and checking rates here have been consistently competitive and the fees are the lowest that I've seen at any bank or credit union. ATM access more than makes up for the limited number of branches.
Unacceptable
This bank has changed its management and policies to become the :"We DONT treat you like Family".
after being a loyal customer of the Bank for 9 years and having two loans, one paid and one on going, The bank policy when your late on a payment just one day after the 1st of the month, will charge you a late fee and will Not allow you to make a payment until the following month. This makes you 30 days late on your credit report. NO bank Does this!
I have given tens of thousands to this bank and now they will not reduce my current 7% interest rate to their current 4.5% interest rate. This is holding the consumer Hostage!! The Credit unions have rates that are 1-2 % lower than this Maspeth bank.
Stay away from Maspeth Federal Savings. Their management behavior has become corrupt and their actions are now that of a loan shark. .
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30303 |
| Year Established | 1947 |
| Employees | 194 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 3.54% |
| Annual Interest Income | $45.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $2.11B$2.19B |
| Loans | Q2 2023vs Q2 2022 | $1.96B$1.75B |
| Deposits | Q2 2023vs Q2 2022 | $1.36B$1.47B |
| Equity Capital | Q2 2023vs Q2 2022 | $715.8MM$690.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $17.5MM$17.4MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $35.8MM$36.3MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $1.5MM$3.0MM |