Neighborhood Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.50% | Reward Checking | Kasasa Cash 1.75% - National Average |
| 2.00% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.50% | 1-year CD | 12 Month Flex CD 1.05% - Ally Bank High Yield 12-Month CD |
Neighborhood Credit Union is headquartered in Dallas and is the 38th largest credit union in the state of Texas. It is also the 438th largest credit union in the nation. It was established in 1930 and as of June of 2016, it had grown to 166 employees and 48,105 members at 11 locations. Neighborhood Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Dallas County, Ellis County, the city of Arlington or live, work, worship or attend school within a ten-mile radius of the branches in Coppell, Richardson, Grand Prairie, or Highland Village. Membership is also open to those who are either currently employed or retired from the Dallas or Arlington districts of the U.S. Postal Service or to people living in select counties who are either members of the American Consumer Council or join the American Consumer Council.
See current membership details
Related Posts
1/5 - Neighborhood Credit Union Increases RCA Cap To $25K
LOVE Neighborhood Credit Union
Neighborhood Credit Union is one of the best financial institutions I have ever done business with. I used to bank at Bank of America, but I was sick and tired of how I was being treated-- awful. The reason I was initially attracted to Neighborhood Credit Union was because they are the OLDEST credit union in the Dallas Metroplex- that spoke stability to me.
Since I joined Neighborhood Credit Union in 2006, their staff has always been friendly and attentive to my needs. My checking account (Kasasa Cash) with them is pretty awesome too. It's a completely free account and pays me 3.25% APY - they are actually paying me to do business with them. LOVE THEM!
Great place to have my money
I have been with NCU since I was 16 years old (almost 10 years). I originally came here because they were offering $25 to open an account, if you deposited $25. Customer service is phenomenal. If you have a Kasasa Tunes account and use your debit card 10 times a month they give you $5 free to use on the iTunes or Amazon store. You can earn this every month just by using your debit card for everyday purchases. They offer overdraft loans and lines of credit with cheap payment rates, for when you are in a bind.
Probably Not Worth It...
I jumped on the reward checking offer. Found out *after* application that the rate had dropped from 3.25% to 3.00%, although I have various written material with both the original and reduced rate.
Online app was smooth until it terminated with a membership application which I was prompted to print and send by mail. Umm, no. So I walked it into a branch, waited in line for one of two tellers then was directed to "sign in" and wait for someone else. Ultimately the form I took the time to complete and print was simply shredded and a new one was completed. What a waste of my time.
I was handed several printed items with my social security number, totally unncessarily. No one seemed to comprehend how this might possibly be a bad idea.
Learned that funds availability for check deposits on a new account is...*nine* business days! Should have gone through this motion sooner. ACH deposits are processed faster but I don't have a way to do one of those instantly.
Logged into the online banking system, was greeted with a form asking for much of the same info I had already provided once, twice, or thrice. Played along. Rejected based on "error" (no idea what kind of error) on zip code and email address.
I called "member services." The rep was cheerful but lacked any apparent empowerment or desire to actually do anything at all. Had me clear out zip code and re-enter, after which that was accepted; I had to specify an email address without a + character for that to be accepted (figured that out myself). I routinely use a feature of gmail such that gmail users can append a suffix to an email address and track who sells them out. (name+suffix@gmail.com). '+' is totally legal in an email address; their validation is broken.
Apparently "yeah I know there have been issues with the web site, teehee" is supposed to be some kind of satisfactory resolution.
Bottom line: lots of hassle just to get started, would expect more security awareness from a financial institution, but better than average rate.
Customer Service Suck
Not helpful and always talking to you like you dont know what you're talking about and then when you want a manager...all of a sudden non are available
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67681 |
| Year Chartered | 1930 |
| Employees | 166 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 8.17% |
| Annual Interest Income | $10.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $590.6MM$369.5MM |
| Loans | Q2 2016vs Q2 2015 | $398.4MM$250.4MM |
| Deposits | Q2 2016vs Q2 2015 | $518.3MM$327.0MM |
| Equity Capital | Q2 2016vs Q2 2015 | $61.5MM$35.9MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $2.7MM$1.8MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.7MM$774.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $1.3MM$1.3MM |
Always verify rates and promotions with the bank or credit union. We are not Neighborhood Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Neighborhood Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $100 | - | Christmas Savings | |
| 0.15% | $100 | - | Looney Tunes Savings Club | |
| 0.15% | $100 | - | Prize Savings Account | |
| 0.15% | $100 | - | IRA Share Savings | |
| 0.15% | $100 | - | Share Savings | |
| 0.15% | $100 | - | Roth IRA Share Savings | |
| 0.15% | $100 | - | Coverdell Education Savings Account | |
| 0.15% | $100 | - | Other Savings |
Neighborhood Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $10k* | - | Money Market Account | ||
| OTHER TIERS: 0.15% → $1k - $10k | |||||
Neighborhood Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.50%* | - | $25k | Kasasa Cash | ||
| OTHER TIERS: 0.20% → $25k+ | |||||
Neighborhood Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $2,500 | - | 60 Month CD | |
| 1.60% | $2,500 | - | 48 Month CD | |
| 1.15% | $2,500 | - | 30 Month CD | |
| 0.85% | $2,500 | - | 18 Month CD | |
| 0.75% | $2,500 | - | 12 Month CD | |
| 0.50% | $500 | - | 12 Month Flex CD | |
| 0.40% | $2,500 | - | 6 Month CD | |
| 0.25% | $2,500 | - | 91 Day CD |
Neighborhood Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $2,500 | - | 60 Month Traditional IRA | |
| 1.60% | $2,500 | - | 48 Month Traditional IRA | |
| 1.15% | $2,500 | - | 30 Month Traditional IRA | |
| 0.85% | $2,500 | - | 18 Month Traditional IRA | |
| 0.75% | $500 | - | 12 Month Coverdell Education Savings | |
| 0.75% | $2,500 | - | 12 Month Traditional IRA |
Neighborhood Credit Union has 11 locations. Click to view all Neighborhood Credit Union locations.