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 939th largest credit union in the nation. It was established in 1936 and as of June of 2024, it had grown to 68 employees and 15,417 members at 5 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 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1404 |
| Year Chartered | 1936 |
| Employees | 68 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.01% |
| Return on Equity - YTD | 0.22% |
| Annual Interest Income | $6.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $342.3MM$344.3MM |
| Loans | Q2 2024vs Q2 2023 | $199.1MM$197.1MM |
| Deposits | Q2 2024vs Q2 2023 | $329.2MM$334.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $8.1MM$6MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2MM$2.3MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.9MM$2.3MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $1MM$809K |