Overview / Commentary
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 71st largest credit union in the nation. It was established in 1938 and as of September of 2018, it had grown to 360 employees and 190,589 members at 12 locations. NEFCU's money market rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in NEFCU is open to those who live, work, or attend school in Nassau or 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 Brings Back 18-Month Penalty Free CD, 2.75% APY - 11/22/2018

NEFCU (Long Island, NY) has brought back its 18-month No Penalty Certificate (unlimited withdrawals) with a new 2.75% APY. Minimum deposit is $1k.

2.75%APY No Penalty 18 Month CD - 11/19/2018

DA Already pcked this up in its CD list, but I thought I would list it here anyway: 18-Month Penalty-Free‡ $1,000.00 Minimum to Open & Earn APY† 1 Year Maturity Renewal Term 2.676% Rate (Note: This is NEFCU's 30 day month math) 2.750% APY†

NEFCU (Long Island) Adds 25-Month CD - 6/25/2018

NEFCU (Long Island) has added a 25-month Certificate, which currently earns 2.75% APY. Minimum deposit is $1k, with no stated balance cap.

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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 Grade Components

NCUA #2760
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD10.78%
Annual Interest Income$81.4MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$3.08B$2.79B
LoansQ3 2018vs Q3 2017$2.52B$2.21B
DepositsQ3 2018vs Q3 2017$2.72B$2.48B
Equity CapitalQ3 2018vs Q3 2017$284.4MM$266.3MM
Loan Loss AllowanceQ3 2018vs Q3 2017$13.8MM$13.2MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$17.5MM$16.1MM
Real Estate OwnedQ3 2018vs Q3 2017$229.00K$922.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

2.75%APY No Penalty 18 Month CD

barry_NY   |  
DA Already pcked this up in its CD list, but I thought I would list it here anyway:
18-Month Penalty-Free‡
$1,000.00 Minimum to Open & Earn APY†
1 Year Maturity Renewal Term
2.676% Rate (Note: This is NEFCU's 30 day month math)
2.750% APY†

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Always verify rates and promotions with the bank or credit union. We are not NEFCU; 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.

NEFCU Savings Account Rates

1.50%$4-Liquid Saver's IRA Special
1.19%$100-Tuition Builder
1.00%$20-Dollar Dog Kids Club
1.00%$20-Elements Teen Share Account
0.30%$20-Share Account
0.30%$20-Vacation Account
0.30%$20-Camp Account
0.30%--Business Savings
0.30%$20-Holiday Account

NEFCU Money Market Rates

2.00%*$250k*-Cornerstone Money Market Account
OTHER TIERS: 0.40% $2.5k - $25k | 0.45% $25k - $50k | 1.65% $50k - $100k | 1.85% $100k - $250k
2.00%*$250k*-Business Money Market
OTHER TIERS: 0.40% $2.5k - $25k | 0.45% $25k - $50k | 1.65% $50k - $100k | 1.85% $100k - $250k

NEFCU Checking Account Rates

3.00%*-$25kGO Green Checking Tier 3
OTHER TIERS: 0.50% $25k+
2.00%*-$25kGO Green Checking Tier 2
OTHER TIERS: 0.50% $25k+
1.00%*-$25kGO Green Checking Tier 1
OTHER TIERS: 0.50% $25k+
0.25%--Business Checking with Interest


3.00%$1k-3 Year Certificate
3.00%$1k-Business 3 Year Certificate
2.75%$1k-5 Year Certificate
2.75%$1k-Business 5 Year Certificate
2.45%$1k-18 Month Penalty-Free Certificate
2.45%$1k-Business 18 Month Penalty-Free Certificate
2.30%$1k-4 Year Certificate
2.30%$1k-Business 4 Year Certificate
2.15%$1k-2 Year Certificate
2.15%$1k-Business 2 Year Certificate
2.00%$1k-1 Year Certificate
2.00%$1k-Business 1 Year Certificate
1.25%$1k-6 Month Certificate
1.25%$1k-Business 6 Month Certificate
0.30%$1k-3 Month Certificate
0.30%$1k-Business 3 Month Certificate


3.00%$500-3 Year IRA
2.75%$500-5 Year IRA
2.45%$500-18 Month Penalty-Free IRA
2.30%$500-4 Year IRA
2.15%$500-2 Year IRA
2.00%$500-1 Year IRA
2.00%$500-7 Month CD
1.25%$500-6 Month IRA
0.30%$500-3 Month IRA


New York Area

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