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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 75th largest credit union in the nation. It was established in 1938 and as of December of 2015, it had grown to 292 employees and 161,481 members at 12 locations. NEFCU's savings rates are 92% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, attend school or regularly conduct business in Nassau or Suffolk Counties, but NOT open to those who live, work, worship, attend school or regularly do business exclusively in East Hampton, Southampton, or Shelter Island. Membership is also open to immediate family of current members. - See Details

Related Posts

NEFCU (NY) Adds Holiday Special 13- and 18-month CDs - 12/2/2015

NEFCU (Long Island, NY) has added two Holiday Special CDs: 13-month CD (1.25% APY) and 18-month CD (1.35% APY). The minimum deposit is $1K, with no balance cap.

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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
Employees292
Primary Regulator
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD8.82%
Annual Interest Income$75.3MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$2.38B$2.23B
LoansQ4 2015vs Q4 2014$1.85B$1.64B
DepositsQ4 2015vs Q4 2014$2.12B$1.99B
Equity CapitalQ4 2015vs Q4 2014$227.0MM$210.5MM
Loan Loss AllowanceQ4 2015vs Q4 2014$11.5MM$12.0MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$15.9MM$20.0MM
Real Estate OwnedQ4 2015vs Q4 2014$115.00K$296.00K
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+
0.50%--GO Green Checking Basic - Non Qualifying
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.