Suffolk Federal Credit Union

Overview / Commentary
3681 Horseblock Rd
Medford, NY 11763

Suffolk Federal Credit Union is headquartered in Medford and is the 16th largest credit union in the state of New York. It is also the 282nd largest credit union in the nation. It was established in 1967 and as of June of 2022, it had grown to 164 employees and 68,781 members at 10 locations. Suffolk Federal Credit Union's money market rates are 70% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Suffolk Federal Credit Union is open to those who live, work, worship, attend school, or regularly conduct business in Nassau County or Suffolk County, New York. Immediate family members of existing members may also join.
See current membership details

Reviews (3)

Suffolk Federal

Posted by: |

Working at the main Suffolk Federal branch, in the past i have realized that this institution takes pride in their members. They really practice ethical and proper ways to communicate their products to their members. They are always trying to find their members the best deals and interest rates are constantly lowering every day. As an employee even their top guy will have a conversation with the man at the bottom of the totem pole. People who work there really take pride in building relationships with their members. The mobile banking does have its up and downs put for a smaller credit union, they really know what they are doing. The online banking also faces some of these problems as well, but with the IT department learning more and more everyday these problems can be solved.

Long Time Member

Posted by: |

It's like a bank, but less modern. Easy to bank here, but over the years the bankers I appreciated keep being replaced or moving on and the overall mood and atmosphere feels upbeat but forced. I don't think they take care of their staff here anymore. The employees used to genuinely be happy years ago, the service is fake and smiles forced now. Restore the credit union back to a loving business, Bethpage FCU hasn't lost their spirit compared to here.

Untrained Teller, Argumentative Manager - Miller Place Branch


Teller are unsure how to process all but the most basic transactions. manager likes to argue with customers. I'm closing my account.


Health Grade Components

NCUA #17914
Year Chartered1967
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD13.78%
Annual Interest Income$21.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.61B$1.51B
LoansQ2 2022vs Q2 2021$1.02B$803.3MM
DepositsQ2 2022vs Q2 2021$1.46B$1.37B
Equity CapitalQ2 2022vs Q2 2021$83.7MM$124.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.9MM$2.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.4MM$1.3MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Suffolk Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Suffolk Federal Credit Union Savings Account Rates

3.56%*$100*$1kYouth Savings
OTHER TIERS: 0.10% $1k+
0.10%--IRA Savings
0.05%$100-Share Savings
0.05%$100-Holiday Club
0.05%$100-Vacation Club
0.05%$100-First Time Homebuyers Club
0.05%$100-Tax Time Club

Suffolk Federal Credit Union Money Market Rates

0.75%*$250k*-Insured Money Market
OTHER TIERS: 0.25% $2.5k - $25k | 0.50% $25k - $100k | 0.70% $100k - $250k

Suffolk Federal Credit Union Checking Account Rates

1.50%*-$25kFREE Advantage Checking with Beacon Rewards
OTHER TIERS: 0.35% $25k+
0.15%*$50k*-Max Money Checking
OTHER TIERS: 0.10% $10k - $50k
0.10%--Deluxe Business Checking
0.05%$10k-Advantage Checking
0.05%$10k-Girl Scouts Free Checking
0.05%$10k-Sharks Checking

Suffolk Federal Credit Union CD Rates

3.60%$500-40 Month Certificate
3.45%$500-16 Month Certificate
2.80%$500-60 Month Certificate
2.70%$500-48 Month Certificate
2.60%$500-36 Month Certificate
2.40%$500-24 Month Certificate
2.35%$10k-11 Month Liquid Certificate
1.25%$500-12 Month Certificate
1.10%$500-6 Month Certificate
1.05%$500-3 Month Certificate

Suffolk Federal Credit Union IRA Rates

3.60%$500-40 Month IRA
3.45%$500-16 Month IRA
2.80%$500-60 Month IRA
2.70%$500-48 Month IRA
2.60%$500-36 Month IRA
2.40%$500-24 Month IRA
1.25%$500-12 Month IRA
1.10%$500-6 Month IRA
1.05%$500-3 Month IRA

Cities: Commack, Eastport, Islandia, Medford, Miller Place, Port Jefferson, Riverhead, Sayville, Southampton, West Babylon

Commack Branches
Branch Office6150 Jericho Tpke # RtCommack, NY 11725-2802

Eastport Branches
Branch Office5 Eastport Manor Rd # 25Eastport, NY 11941-1410

Islandia Branches
Branch Office1282 Motor PkwyIslandia, NY 11749-1405

Medford Branches
Branch Office3681 Horseblock RdMedford, NY 11763-2242

Miller Place Branches
Branch Office691 Route 25AMiller Place, NY 11764-2643

Port Jefferson Branches
Branch Office200 Belle Terre RdPort Jefferson, NY 11777-1928

Riverhead Branches
Branch Office2 Enterprise Zone Dr # RtRiverhead, NY 11901-3707

Sayville Branches
Branch Office213 N Main StSayville, NY 11782

Southampton Branches
Branch Office850 County Road 39Southampton, NY 11968

West Babylon Branches
Branch Office50 Route 109 # 110West Babylon, NY 11704-6208

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