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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 74th largest credit union in the nation. It was established in 1938 and as of March of 2018, it had grown to 342 employees and 184,904 members at 12 locations. NEFCU 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 (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.

NEFCU (Long Island) Hikes 3-Year CD Rate - 3/28/2018

NEFCU (Long Island) has added 100 bps to its 3-year Certificate (3.00% APY). The minimum deposit is $1k, with no stated balance cap. Also as an IRA.

NEFCU (Long Island) Adds 18-Month Penalty Free CD, 1.85% APY - 2/22/2018

NEFCU (Long Island, NY) has added an 18-Month Penalty Free CD (1.85% APY) with unlimited penalty-free withdrawals in any amounts. Min opening 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
Employees342
Primary Regulator
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD11.81%
Annual Interest Income$25.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$2.97B$2.66B
LoansQ1 2018vs Q1 2017$2.37B$2.09B
DepositsQ1 2018vs Q1 2017$2.66B$2.37B
Equity CapitalQ1 2018vs Q1 2017$272.1MM$252.2MM
Loan Loss AllowanceQ1 2018vs Q1 2017$12.8MM$12.5MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$14.3MM$14.3MM
Real Estate OwnedQ1 2018vs Q1 2017$490.00K$1.3MM
Rates

Rates for NEFCU are currently being reviewed.

Locations

Availability



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