Nassau Financial Federal Credit Union
Overview / Commentary
Nassau Financial Federal Credit Union is headquartered in East Meadow and is the 42nd largest credit union in the state of New York. It is also the 923rd largest credit union in the nation. It was established in 1936 and as of June of 2023, it had grown to 67 employees and 16,155 members at 6 locations. Nassau Financial Federal Credit Union has a C- health rating.
Field of Membership Restrictions
Nassau Financial Federal Credit Union is open to those who attend school, live, work, worship or volunteer in Nassau County, NY. Immediate family and household members may also join.
See current membership details
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Health
C-
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1404 |
| Year Chartered | 1936 |
| Employees | 67 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 23.48% |
| Annual Interest Income | $6.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $344.3MM$374.9MM |
| Loans | Q2 2023vs Q2 2022 | $197.1MM$201.2MM |
| Deposits | Q2 2023vs Q2 2022 | $334.9MM$362.9MM |
| Equity Capital | Q2 2023vs Q2 2022 | $6.0MM$8.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.5MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.3MM$2.3MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |