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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 June of 2016, it had grown to 300 employees and 166,607 members at 12 locations. NEFCU's money market rates are 14% 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 or the Villages of East Hampton, Southampton and the Town of Shelter Island
See current membership details

Related Posts

$75 Direct Deposit Checking Bonus At NEFCU In New York - 8/21/2016

$75 bonus will be awarded for new first, time checking accounts with direct deposit. Minimum direct deposit of $200 must be deposited to the checking account within 60 days of account opening. And as an additional perk: open a new GO Green Checking account by August 31, 2016 and get a cooler. Summer promotion link The GO Green Checking Account is a reward checking type of account in which you can earn up to 3%. GO Green Checking link

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Reviews (3)

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
A

Health Grade Components

Overall
NCUA #2760
Year Chartered1938
Employees300
Primary Regulator
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD8.65%
Annual Interest Income$39.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$2.52B$2.34B
LoansQ2 2016vs Q2 2015$1.93B$1.71B
DepositsQ2 2016vs Q2 2015$2.25B$2.10B
Equity CapitalQ2 2016vs Q2 2015$242.9MM$218.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$11.0MM$11.2MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$14.3MM$18.3MM
Real Estate OwnedQ2 2016vs Q2 2015$849.00K$0
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%--Dollar Dog Kids Club
1.00%--elements teen share account
0.49%$100-Tuition Builder
0.40%--Savers Dividend
0.30%--Share Account
0.30%--Club Accounts
0.30%--Cornerstone Business Plus Savings

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
2.00%$1k-5 Year Certificate
2.00%$1k-5 Year Business Certificate
1.50%$1k-4 Year Certificate
1.50%$1k-4 Year Business Certificate
1.35%$1k-3 Year Certificate
1.35%$1k-3 Year Business Certificate
1.30%$1k-30 Month Bump Certificate
1.25%$1k-2 Year 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-18 Month Business Certificate
1.15%$1k-18 Month Certificate
1.05%$1k-13 Month Certificate
1.05%$1k-13 Month Business Certificate
0.60%$1k-1 Year Certificate
0.60%$1k-1 Year Business Certificate
0.50%$1k-6 Month Certificate
0.50%$1k-6 Month Business Certificate
0.30%$1k-3 Month Certificate
0.30%$1k-3 Month Business Certificate

NEFCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-5 Year IRA
1.50%$500-4 Year IRA
1.35%$500-3 Year IRA
1.25%$500-2 Year IRA
1.20%$500-20 Month Bump IRA Certificate
1.05%$500-13 Month IRA Certificate
0.50%$500-6 Month IRA
0.30%$500-3 Month IRA
Locations

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