People's Alliance Federal Credit Union
LOCATIONS
8
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HEALTH RATING
B+
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CURRENT TOP RATE
4.65% APY
11 Month CD Special
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Overview / Commentary
People's Alliance Federal Credit Union is headquartered in Hauppauge and is the 45th largest credit union in the state of New York. It is also the 986th largest credit union in the nation. It was established in 1940 and as of June of 2024, it had grown to 71 employees and 33,984 members at 8 locations. People's Alliance Federal Credit Union's CD rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in several areas of New York including parts of Brooklyn, New York, and in Miami and Hialeah, Florida. You can also be eligible via Select Employer groups and via family.
See current membership details
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3633 |
| Year Chartered | 1940 |
| Employees | 71 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 4.12% |
| Annual Interest Income | $7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $317.8MM$329.1MM |
| Loans | Q2 2024vs Q2 2023 | $166.8MM$163MM |
| Deposits | Q2 2024vs Q2 2023 | $280.7MM$293.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $30.1MM$28MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $3.3MM$3MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.4MM$1.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |