Qside Federal Credit Union

Overview / Commentary
211-31 Jamaica Avenue
Queens Village, NY 11428

Qside Federal Credit Union is headquartered in Queens Village and is the 117th largest credit union in the state of New York. It is also the 2,368th largest credit union in the nation. It was established in 1940 and as of December of 2019, it had grown to 14 employees and 7,830 members at 2 locations. Qside Federal Credit Union's money market rates are 82% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Qside Federal Credit Union is open to: (1) businesses or other legal entities and individuals who work, live, worship or attend school within select boundaries of Queens, New York. (2) Family of current members and employees of Qside FCU. (3) Members of the following SEGs and working in specific counties may also join: (a) Consolidated Edison, Inc and its wholly-owned subsidiaries in Kings, Bronx, Queens, New York, Westchester and Richmond. (b) Long Island Water Corporation - Lynbrook, NY. (c) NY Power Authority at the #3 Nuclear Power Plant - Indian Point, or the #6 Charles Poletti Power Plant - Astoria or Buchnan. (d) Big Six Towers Housing Corporation, Inc. (e) Clean Harbors Environmental Services, Inc. - Brooklyn. (f) Cummins Allison Corporation. (g) Queensboro Toyota. (h) Deepdale Gardens Community Council, Inc. - Little Neck.
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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. Qside Federal Credit Union has a low asset base.

Health Grade Components

NCUA #3947
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0.51%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$47.8MM$49.2MM
LoansQ4 2019vs Q4 2018$30.5MM$32.0MM
DepositsQ4 2019vs Q4 2018$42.7MM$43.8MM
Equity CapitalQ4 2019vs Q4 2018$4.1MM$4.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$306.00K$301.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$94.00K$332.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Qside Federal Credit Union Savings Account Rates

0.25%--Traditional IRA Savings
0.25%--Roth IRA Savings
0.25%--Education IRA Savings
0.20%*$2.5k*-Savings Accounts
OTHER TIERS: 0.15% $25 - $2.5k
0.20%--Holiday Club Savings Account
0.20%--Vacation Club Savings Account

Qside Federal Credit Union Money Market Rates

0.80%*$50k*-Money Market Accounts
OTHER TIERS: 0.10% Up to $5k | 0.35% $5k - $10k | 0.65% $10k - $25k | 0.70% $25k - $50k

Qside Federal Credit Union Checking Account Rates

0.20%*$5k*-Checking Accounts
OTHER TIERS: 0.10% Up to $2.5k | 0.15% $2.5k - $5k

Qside Federal Credit Union CD Rates

1.16%*$100k*-2 Year CD
OTHER TIERS: 0.85% $500 - $10k | 0.95% $10k - $25k | 1.01% $25k - $50k | 1.06% $50k - $100k
1.16%*$100k*-3 Year CD
OTHER TIERS: 0.86% $500 - $10k | 0.95% $10k - $25k | 1.01% $25k - $50k | 1.06% $50k - $100k
1.11%*$100k*-3 Year Bump Up CD
OTHER TIERS: 0.80% $500 - $10k | 0.90% $10k - $25k | 0.95% $25k - $50k | 1.01% $50k - $100k
0.95%*$100k*-1 Year CD
OTHER TIERS: 0.65% $500 - $10k | 0.75% $10k - $25k | 0.80% $25k - $50k | 0.85% $50k - $100k
0.65%*$100k*-6 Month CD
OTHER TIERS: 0.35% $500 - $10k | 0.45% $10k - $25k | 0.50% $25k - $50k | 0.55% $50k - $100k

Qside Federal Credit Union IRA Rates

1.06%$500-2 Year IRA
1.06%$500-3 Year IRA
1.01%$500-3 Year Bump Up IRA
0.85%$500-1 Year IRA

Qside Federal Credit Union Locations
Branch Office21131 Jamaica AveQueens Village, NY 11428-1621
Branch Office3421 Review Ave c/o Local 804 FCULong Island City, NY 11101-3241

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