Overview / Commentary
Port Washington Federal Credit Union is headquartered in port washington and is the 98th largest credit union in the state of New York. It is also the 1,948th largest credit union in the nation. It was established in 1968 and as of March of 2025, it had grown to 4 employees and 3,110 members at 1 location. Port Washington Federal Credit Union's savings rates are 94% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, worship, or work in Port Washington, Sands Point, Roslyn, Kings Point, Manhasset, and Great Neck and the employees of the Town of North Hempstead.
See current membership details
Health
B
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Port Washington Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 18635 |
| Year Chartered | 1968 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.84% |
| Return on Equity - YTD | 11.23% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $87.7MM$72MM |
| Loans | Q1 2025vs Q1 2024 | $76MM$55.3MM |
| Deposits | Q1 2025vs Q1 2024 | $73.5MM$59.1MM |
| Equity Capital | Q1 2025vs Q1 2024 | $14.1MM$12.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $202K$184K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $3.3MM$1.2MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |