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
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Suffolk Federal
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
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.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 17914 |
| Year Chartered | 1967 |
| Employees | 164 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 13.78% |
| Annual Interest Income | $21.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.61B$1.51B |
| Loans | Q2 2022vs Q2 2021 | $1.02B$803.3MM |
| Deposits | Q2 2022vs Q2 2021 | $1.46B$1.37B |
| Equity Capital | Q2 2022vs Q2 2021 | $83.7MM$124.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $4.9MM$2.4MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.4MM$1.3MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |