Palisades Federal Credit Union

Overview / Commentary
300 N Middletown Rd, Ste 6
Pearl River, NY 10965

Palisades Federal Credit Union is headquartered in Pearl River and is the 56th largest credit union in the state of New York. It is also the 1,241st largest credit union in the nation. It was established in 1941 and as of September of 2022, it had grown to 32 employees and 14,517 members at 4 locations. Palisades Federal Credit Union's savings rates are 5X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in Palisades Federal Credit Union is open to individuals who live, work, worship, volunteer, or attend school in Rockland County (NY) or Bergen County (NJ). New York State employees who work in any of the five New York City boroughs also qualify for membership, as do immediate family members of current members.
See current membership details

Reviews (5)

Palisades Federal Credit Union At New City, NY

Very friendly and very efficient service. Good rates on money market accounts too.

Small But Highly Efficient

Posted by: |

Very efficient and very friendly.

Not Just A Number But A Name

I am always pleased when I do my banking with PFCU. The staff in New City are always very helpful and always very pleasant. I'm given personalized service and I actually get REMEMBERED! It's nice to see the same tellers when I go back. I like the way I am treated when I go in the branch and they have lower fees than regular banks.

Great Rates And Excellent Service

I've been with this Credit Union now for 4 years and I can't say enough about it besides the fact that you can only join if you live or work in Rockland county, NY. Their rates (especially low loan rates) are great and the service is excellent. They know me by name in the branch and I can call and easily speak to a live person locally based at the bank not in India or another country. It's the way that banking should be. Two thumbs up!  


Posted by: |

This is a horrible bank. Your debit/credit card will get denied with every transaction unless it follows a "pattern". You have to inform them even if traveling out of normal range for vacation or a night out on the town or else they will deny any transactions you make from your OWN money. It feels as if you need permission from mommy and daddy before you are allowed to use your own funds. This was several times not just once. Save yourself the trouble from opening up an account here. Also the people who call you back and their explanations are always the worse. Sometimes they will not call you back till the next morning... always keep cash on you if you are going to use this case you are continuously denied... they go through a third party for first time home buyer .... so no help there either... Honestly do not use this bank you will regret it...


Health Grade Components

NCUA #4480
Year Chartered1941
Primary Regulator
Profit Margin
Return on Assets - YTD0.12%
Return on Equity - YTD2.01%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$203.0MM$197.0MM
LoansQ3 2022vs Q3 2021$164.2MM$125.8MM
DepositsQ3 2022vs Q3 2021$169.4MM$166.7MM
Equity CapitalQ3 2022vs Q3 2021$11.9MM$17.2MM
Loan Loss AllowanceQ3 2022vs Q3 2021$994.00K$604.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.3MM$1.5MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Palisades Federal Credit Union Savings Account Rates

2.50%$50-High Yield Savings
1.50%*-$2kYouth Savings
OTHER TIERS: 0.04% $2k+
0.14%*$25k*-IRA Savings Account
OTHER TIERS: 0.04% Up to $25k
0.04%$50-Savings Account
0.04%$50-Special Savings

Palisades Federal Credit Union Money Market Rates

0.30%*$250k*-Money Market
OTHER TIERS: 0.05% $2.5k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k

Palisades Federal Credit Union CD Rates

4.25%$500-13 Month CD Special
3.75%$500-6 Month CD Special
0.20%*$100k*-3 Month CD
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-12 Month CD
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-24 Month CD
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-36 Month CD
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-60 Month CD
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-18 Month CD
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-48 Month CD
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k

Palisades Federal Credit Union IRA Rates

0.20%*$100k*-12 Month IRA
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-24 Month IRA
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-36 Month IRA
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-60 Month IRA
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k
0.20%*$100k*-48 Month IRA
OTHER TIERS: 0.05% $500 - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k

Palisades Federal Credit Union Locations
Branch Office16 Orangetown Shopping CtrOrangeburg, NY 10962
Branch Office300 N Middletown Rd Ste 6Pearl River, NY 10965-1295
Branch Office240 E Route 59Nanuet, NY 10954-2905
Branch Office244 S Main StNew City, NY 10956-3318

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