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 123rd largest credit union in the state of New York. It is also the 2,458th largest credit union in the nation. It was established in 1968 and as of March of 2020, it had grown to 4 employees and 2,473 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.
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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 low asset base.

Health Grade Components

NCUA #18635
Year Chartered1968
Primary Regulator
Profit Margin
Return on Assets - YTD1.74%
Return on Equity - YTD12.08%
Annual Interest Income$463.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$45.4MM$39.0MM
LoansQ1 2020vs Q1 2019$34.4MM$33.2MM
DepositsQ1 2020vs Q1 2019$38.9MM$33.3MM
Equity CapitalQ1 2020vs Q1 2019$6.5MM$5.7MM
Loan Loss AllowanceQ1 2020vs Q1 2019$61.00K$92.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$3.00K$8.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$0
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Port Washington Federal Credit Union Savings Account Rates

1.26%*$2k*-IRA Share Account
OTHER TIERS: 0.95% Up to $2k
1.01%$50-Savings Account
1.01%--Holiday Club Account
1.01%--Vacation Club Account

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

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