Port Washington Federal Credit Union

Overview / Commentary
157 Main St
Port Washington, NY 11050

Port Washington Federal Credit Union is headquartered in port washington and is the 122nd largest credit union in the state of New York. It is also the 2,428th largest credit union in the nation. It was established in 1968 and as of September of 2020, it had grown to 4 employees and 2,437 members at 1 location. Port Washington Federal Credit Union's savings rates are 13% higher than the national average, and it has an A 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.
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Additional 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

NCUA #18635
Year Chartered1968
Primary Regulator
Profit Margin
Return on Assets - YTD1.46%
Return on Equity - YTD10.52%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$50.4MM$42.3MM
LoansQ3 2020vs Q3 2019$34.7MM$34.0MM
DepositsQ3 2020vs Q3 2019$43.5MM$36.1MM
Equity CapitalQ3 2020vs Q3 2019$6.8MM$6.1MM
Loan Loss AllowanceQ3 2020vs Q3 2019$61.00K$70.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$4.00K$47.00K
Real Estate OwnedQ3 2020vs Q3 2019$0$0
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Port Washington Federal Credit Union Savings Account Rates

0.59%*$50*$250kSavings Account
OTHER TIERS: 0.25% $250k+
0.59%--Holiday Club Account
0.59%--Vacation Club Account
0.59%--IRA Share Account

Port Washington Federal Credit Union Locations
Branch Office157 main stport washington, NY 11050

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