Overview / Commentary
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.
See current membership details
Health
A
Data as of Q3 2020
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 | 1.46% |
| Return on Equity - YTD | 10.52% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $50.4MM$42.3MM |
| Loans | Q3 2020vs Q3 2019 | $34.7MM$34.0MM |
| Deposits | Q3 2020vs Q3 2019 | $43.5MM$36.1MM |
| Equity Capital | Q3 2020vs Q3 2019 | $6.8MM$6.1MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $61.00K$70.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $4.00K$47.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |