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 24th largest credit union in the nation. It was established in 1952 and as of March of 2024, it had grown to 845 employees and 462,620 members at 30 locations. Teachers Federal Credit Union's money market rates are 5X the national average, and it has a B+ 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
B+

Health Grade Components

Overall
NCUA #8116
Year Chartered1952
Employees845
Primary Regulator
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD2.01%
Annual Interest Income$117.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$9.89B$9.45B
LoansQ1 2024vs Q1 2023$6.45B$6.36B
DepositsQ1 2024vs Q1 2023$8.09B$7.83B
Equity CapitalQ1 2024vs Q1 2023$807.8MM$718.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$124.3MM$119.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$86.9MM$40.6MM
Real Estate OwnedQ1 2024vs Q1 2023$317K$675K
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
5.00%*$1$1kYouth Savings Account
OTHER TIERS: 0.10% $1k+
0.10%$50-Savings
0.10%$50-IRA Savings
0.10%$50-Holiday Club
0.10%$50-Vacation Club

Teachers Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$500k*-Tiered Money Market
OTHER TIERS: 0.75% $2.5k - $100k | 1.25% $100k - $250k | 1.50% $250k - $500k
0.10%$2.5k-Business Tiered Money Market

Teachers Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$0$15kSmart Checking
OTHER TIERS: 0.10% $15k+
0.05%$2.5k-Checking

Teachers Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$1k-9 Month CD
4.50%$1k-15 Month CD
4.25%$100k-6 Month Jumbo CD
4.25%$100k-8 Month Jumbo CD
4.25%$1k-6 Month CD
4.00%$100k-1 Month Jumbo CD
4.00%$100k-2 Month Jumbo CD
4.00%$100k-12 Month Jumbo CD
4.00%$1k-12 Month CD
4.00%$1k-13 Month CD
3.75%$1k-24 Month CD
3.75%$1k-22 Month CD
3.50%$100k-3 Month Jumbo CD
3.50%$1k-3 Month CD
3.25%$1k-30 Month CD
3.25%$1k-36 Month CD
3.25%$1k-48 Month CD
3.25%$1k-60 Month CD
3.00%$100k-16 Month Jumbo CD
3.00%$1k-16 Month CD
3.00%$1k-18 Month CD

Teachers Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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%$1k-12 Month IRA
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%$1k-6 Month IRA
1.20%$500-6 Month CESA
1.00%$1k-3 Month IRA
1.00%$500-3 Month CESA
Locations

Availability

New York Area

Interactive local rates map


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