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

Qside Federal Credit Union is headquartered in Queens Village and is the 116th largest credit union in the state of New York. It is also the 2,357th largest credit union in the nation. It was established in 1940 and as of September of 2016, it had grown to 15 employees and 8,124 members at 2 locations. Qside Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in select areas of the Queens community. Also open to employees of Consolidate Edison and its subsidiaries who work in Bronx, Kings, New York, Queens, Richmond and Westchester Counties, New York.
See current membership details


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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 - YTD-0.37%
Return on Equity - YTD-4.46%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$48.7MM$46.9MM
LoansQ3 2016vs Q3 2015$25.4MM$25.7MM
DepositsQ3 2016vs Q3 2015$43.4MM$41.5MM
Equity CapitalQ3 2016vs Q3 2015$4.1MM$4.2MM
Loan Loss AllowanceQ3 2016vs Q3 2015$218.00K$131.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$106.00K$153.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0

Rates for Qside Federal Credit Union are currently being reviewed.


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