NEFCU


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 70th largest credit union in the nation. It was established in 1938 and as of December of 2018, it had grown to 357 employees and 192,477 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

IRA Only: 3.0%APY No Penalty 3 Year CD - 2/14/2019

3-Year Penalty-Free IRA‡ min: $500.00 Rate: 2.916% APY: 3.000% They also have a non-IRA version that is restricted to home purchases and tuition. APY=Annual Percentage Yield. Assumes funds remain on deposit until maturity. Subject to change without notice. Minimum balance requirements apply. Penalty-free withdrawals on 11-month and 3-year Consumer CD for tuition and home purchases only. Penalty free withdrawals available on 11-month and 3-year IRA for any purpose. Consult a tax advisor regarding tax penalties for IRA withdrawals before age 59 ½. Penalties and fees may reduce earnings on accounts. Ask for details.

No More Penalty Free, RATE DROP - 12/20/2018

18-Month CD lost "NO Penalty Feature and the APY dropped from 2.75% to %2.3

NEFCU Brings Back 18-Month Penalty Free CD - 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.

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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
Employees357
Primary Regulator
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD10.1%
Annual Interest Income$112.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$3.15B$2.85B
LoansQ4 2018vs Q4 2017$2.58B$2.30B
DepositsQ4 2018vs Q4 2017$2.83B$2.54B
Equity CapitalQ4 2018vs Q4 2017$295.4MM$268.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$14.0MM$12.6MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$19.3MM$14.5MM
Real Estate OwnedQ4 2018vs Q4 2017$300.00K$998.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$3-Liquid Saver's IRA
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%$20-Business Savings
0.30%$20-Holiday Account

NEFCU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$25k*-Business Money Market
OTHER TIERS: 0.50% $2.5k - $25k
2.00%*$25k*- Money Market Account
OTHER TIERS: 0.50% $2.5k - $25k

NEFCU Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$25kGO Green Checking - Qualifying
OTHER TIERS: 0.50% $25k+
0.25%--Business Checking with Interest

NEFCU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-Business 3 Year Certificate
3.00%$1k-3 Year Penalty-Free Option Certificate
2.75%$1k-5 Year Certificate
2.75%$1k-Business 5 Year Certificate
2.65%$1k-4 Year Certificate
2.65%$1k-Business 4 Year Certificate
2.60%$1k-20 Month Penalty-Free Option Certificate
2.60%$1k-Business 20 Month Penalty-Free Option Certificate
2.25%$1k-11 Month Penalty-Free Option Certificate
2.25%$1k-Business 11 Month 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

NEFCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-3 Year Penalty Free IRA
2.75%$500-5 Year IRA
2.65%$500-4 Year IRA
2.60%$500-20 Month Penalty-Free Option IRA
2.25%$1k-11 Month Penalty Free IRA
2.15%$500-2 Year IRA
2.00%$500-1 Year IRA
1.25%$500-6 Month IRA
0.30%$500-3 Month IRA
Locations

Availability



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