Featured Savings Rates
Featured Accounts

NEFCU

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.35%5-year CD5 Year Certificate
1.00%Reward CheckingGO Green Checking
1.50%3-year CD30 Month Bump Certificate

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

NEFCU is headquartered in Westbury and is the 8th largest credit union in the state of New York. It is also the 79th largest credit union in the nation. It was established in 1938 and as of March of 2017, it had grown to 317 employees and 173,250 members at 12 locations. NEFCU's CD rates are 28% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in NEFCU is open to those who live, work, attend school, regularly conduct business, or worship in Nassau and Suffolk Counties, with the exception of the Villages of East Hampton, Southampton and the Town of Shelter Island.
See current membership details

Related Posts

NEFCU (NY) 18-Month CD Now Earns 1.75% APY - 5/25/2017

NEFCU (Long Island, NY) has hiked the rate on its 18-month Certificate (1.75% APY) by 45 bps. Minimum deposit is $1k. Also available as an IRA.

NEFCU's (NY) 5-Year Certificate's APY Hits Five Year High - 3/27/2017

NEFCU (Long Island, NY) has raised the rate on its 5-Year Certificate (2.35% APY). The minimum deposit is $1k, with no stated balance cap. Also available as an IRA.

Easy $5 For Those In Nassau Or Suffolk County, New York - 1/25/2017

NEFCU has an interesting ad campaign for its Go Green Checking Account. Take the challenge (which just requires entering your name, email address and phone number) and NEFCU will send you a $5 Amazon gift card to your email address. Only residents who live, work, or attend school in Nassau or Suffolk County are eligible. Details and the submission form are located at this NEFCU page https://www.mynefcu.org/go-green-checking-challenge The GO Green Checking Account is a reward checking type of account in which you can earn up to 3% on balances up to $25k (2% is more reasonable since it doesn’t require a loan balance.) https://www.mynefcu.org/personal-banking/go-green-checking

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Reviews (4)

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

Posted by: Anonymous | Jun 9, 2012

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
Employees317
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD8.34%
Annual Interest Income$21.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$2.66B$2.45B
LoansQ1 2017vs Q1 2016$2.09B$1.87B
DepositsQ1 2017vs Q1 2016$2.37B$2.19B
Equity CapitalQ1 2017vs Q1 2016$252.2MM$234.4MM
Loan Loss AllowanceQ1 2017vs Q1 2016$12.5MM$11.3MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$14.3MM$14.2MM
Real Estate OwnedQ1 2017vs Q1 2016$1.3MM$461.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

NEFCU Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$20-Dollar Dog Kids Club
1.00%$20-Elements Teen Share Account
0.60%$100-Tuition Builder
0.40%$15-Savers Dividend
0.30%$20-Share Account
0.30%--Cornerstone Business Plus Savings
0.30%$20-Holiday Account
0.30%$20-Vacation Account
0.30%$20-Camp Account

NEFCU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Cornerstone Money Market Account
OTHER TIERS: 0.30% $2,500 - $25k | 0.35% $25k - $50k
0.50%*$50k*-Business Plus Money Market
OTHER TIERS: 0.30% $2,500 - $25k | 0.35% $25k - $50k

NEFCU Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$25kGO Green Checking Tier 3 - Qualifying
OTHER TIERS: 0.50% $25k+
2.00%*-$25kGO Green Checking Tier 2 - Qualifying
OTHER TIERS: 0.50% $25k+
1.00%*-$25kGO Green Checking Tier 1 - Qualifying
OTHER TIERS: 0.50% $25k+
0.25%$1k-Business Plus Interest Checking
0.25%--Business Plus Non-Profit Checking

NEFCU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$1k-5 Year Certificate
2.25%$1k-5 Year Business Certificate
1.85%$1k-4 Year Certificate
1.85%$1k-4 Year Business Certificate
1.80%$1k-3 Year Certificate
1.80%$1k-3 Year Business Certificate
1.50%$1k-2 Year Certificate
1.50%$1k-30 Month Bump Certificate
1.40%$1k-18 Month Business Certificate
1.40%$1k-18 Month Certificate
1.25%$1k-2 Year Business Certificate
1.20%$1k-20 Month Bump Certificate
1.20%$1k-20 Month Bump Business Certificate
1.15%$1k-1 Year Certificate
1.15%$1k-1 Year Business Certificate
0.75%$1k-6 Month Certificate
0.75%$1k-6 Month Business Certificate
0.30%$1k-3 Month Certificate
0.30%$1k-3 Month Business Certificate

NEFCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$500-5 Year IRA
1.85%$500-4 Year IRA
1.80%$500-3 Year IRA
1.50%$500-2 Year IRA
1.50%$500-30 Month IRA Bump
1.40%$500-18 Month IRA
1.20%$500-20 Month Bump IRA
1.15%$500-1 Year IRA
0.75%$500-6 Month IRA
0.30%$500-3 Month IRA
Locations

NEFCU has 12 locations. Click to view all NEFCU locations.