Teachers Federal Credit Union


Overview / Commentary
800-341-4333
102 Motor Pkwy
Hauppauge, NY 11788

Teachers Federal Credit Union is headquartered in Hauppauge and is the 2nd largest credit union in the state of New York. It is also the 21st largest credit union in the nation. It was established in 1952 and as of December of 2024, it had grown to 853 employees and 467,898 members at 30 locations. Teachers Federal Credit Union's CD rates are 4X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Teachers Federal Credit Union is open to anyone, regardless of residency status. The only requirement is a $1 deposit.
See current membership details

Reviews (2)

IRA Customer Service

Posted by: |

Always eager to help and knowledgeable . Out of all the IRA customer service representatives I had come across, IMO, Teachers FCU outranks the other credit unions.

Community Oriented

Super happy with the quality of service and consistency not only does teacher fcu participate with all-point network and shared branch banking this location has safety deposit boxes. “Nirmal”one of the member representative bankers provides exceptional 5 star service helped me with everything from upgrading my services to educated choice to also helping my fiancé open membership all whilst providing good communication and consistency in service and perks. So happy i connected with Teachers and looking forward to growing my relationship with yall thanks….Only thing is i know they took over melrose credit union but the atms need serious work from easier options to manage accounts to better like 1,5,10 etcs and maybe the option to email receipts or text them helps to be part of a credit union thats not so paper friendly thats wasteful but their great specially if your friendly too and in the mindset of being part of a community. Bc thats what credit unions are for. Their not big banks and definitely not for those who are into self education



Health

Health Grade Components

Overall
NCUA #8116
Year Chartered1952
Employees853
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD5.39%
Annual Interest Income$486.2MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$9.86B$9.87B
LoansQ4 2024vs Q4 2023$6.11B$6.5B
DepositsQ4 2024vs Q4 2023$8.22B$8.04B
Equity CapitalQ4 2024vs Q4 2023$900.2MM$802.4MM
Loan Loss AllowanceQ4 2024vs Q4 2023$111.7MM$120.8MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$77.4MM$90.2MM
Real Estate OwnedQ4 2024vs Q4 2023$348K$207K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Teachers 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Teachers Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$1$1kYouth Savings Account
OTHER TIERS: 0.10% $1k+
0.10%$50-Savings
0.10%$50-Holiday Club
0.10%$50-Vacation Club

Teachers Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$500k*-Tiered Money Market
OTHER TIERS: 0.50% $2.5k - $25k | 0.60% $25k - $50k | 0.75% $50k - $100k | 1.00% $100k - $250k | 1.10% $250k - $500k
0.10%$2.5k-Business Tiered Money Market

Teachers Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$0$15kSmart Checking
OTHER TIERS: 0.10% $15k+
0.05%$2.5k-Checking

Teachers Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$100k-6 Month Jumbo CD
4.00%$1k-6 Month CD
3.75%$100k-8 Month Jumbo CD
3.75%$100k-12 Month Jumbo CD
3.75%$1k-12 Month CD
3.75%$1k-9 Month CD
3.50%$1k-22 Month CD
3.50%$1k-13 Month CD
3.25%$100k-3 Month Jumbo CD
3.25%$1k-3 Month CD
3.00%$100k-16 Month Jumbo CD
3.00%$1k-16 Month CD
3.00%$1k-24 Month CD
3.00%$1k-30 Month CD
3.00%$1k-36 Month CD
3.00%$1k-48 Month CD
3.00%$1k-60 Month CD
3.00%$1k-18 Month CD
3.00%$1k-15 Month CD
2.50%$100k-1 Month Jumbo CD
2.50%$100k-2 Month Jumbo CD

Teachers Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$1k-6 Month IRA
3.75%$1k-12 Month IRA
2.90%$1k-60 Month IRA
2.90%$500-60 Month CESA
2.80%$1k-48 Month IRA
2.80%$500-48 Month CESA
2.75%$1k-36 Month IRA
2.75%$500-36 Month CESA
2.65%$1k-24 Month IRA
2.65%$1k-30 Month IRA
2.65%$500-24 Month CESA
2.65%$500-30 Month CESA
2.65%$1k-18 Month IRA
2.65%$500-18 Month CESA
2.10%$500-12 Month CESA
2.10%$1k-15 Month IRA
2.10%$500-15 Month CESA
1.65%$1k-22 Month IRA
1.25%$1k-9 Month IRA
1.25%$500-9 Month CESA
1.20%$500-6 Month CESA
1.00%$1k-3 Month IRA
1.00%$500-3 Month CESA
0.10%$50-IRA Savings
Locations

Availability



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