Featured Savings Rates
Featured Accounts


Popular Accounts at this Credit Union

2.35%5-year CD5 Year Certificate
1.00%Reward CheckingGO Green Checking
2.35%5-year IRA5 Year IRA (Traditional, Roth)

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 76th largest credit union in the nation. It was established in 1938 and as of June of 2017, it had grown to 327 employees and 175,572 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) Hikes 18-Month CD Rate - 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 Grade Components

NCUA #2760
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD8.47%
Annual Interest Income$43.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$2.79B$2.52B
LoansQ2 2017vs Q2 2016$2.14B$1.93B
DepositsQ2 2017vs Q2 2016$2.50B$2.25B
Equity CapitalQ2 2017vs Q2 2016$258.2MM$242.9MM
Loan Loss AllowanceQ2 2017vs Q2 2016$13.3MM$11.0MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$16.0MM$14.3MM
Real Estate OwnedQ2 2017vs Q2 2016$1.0MM$849.00K
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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

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

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

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


2.35%$1k-5 Year Certificate
2.25%$1k-5 Year Business Certificate
2.10%$1k-4 Year Certificate
2.10%$1k-4 Year Business Certificate
2.00%$1k-3 Year Certificate
2.00%$1k-3 Year Business Certificate
1.75%$1k-18 Month Business Certificate
1.75%$1k-18 Month Certificate
1.50%$1k-2 Year Certificate
1.25%$1k-2 Year 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


2.35%$500-5 Year IRA
2.10%$500-4 Year IRA
2.00%$500-3 Year IRA
1.75%$500-18 Month IRA
1.50%$500-2 Year IRA
1.15%$500-1 Year IRA
0.75%$500-6 Month IRA
0.30%$500-3 Month IRA