Teachers Federal Credit Union is headquartered in Hauppauge and is the 3rd largest credit union in the state of New York. It is also the 29th largest credit union in the nation. It was established in 1952 and as of June of 2022, it had grown to 820 employees and 427,639 members at 32 locations. Teachers Federal Credit Union has a B+ health rating.
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
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
Have a CD here, no issues with it so far, ended up a refugee from Melrose which was taken over by Teachers. Haven't had much interaction with them of course, being a CD.
Why can't banks stick to banking and keep your data to themselves? I know privacy is hard to get nowadays but I will never give in and remain a warrior against such things. You'd think of all the institutions out there at least banks could be trusted with privacy... apparently not.
Won't be sending them any more funds.
I started out with this credit union because accounts were offered through my employer. It seemed nice that htey recommended a local bank that afforded me free checking, direct deposit, free access to ATMs all over the area, and the possibility of being able to get a car or home loan in the future at very low rates.
I enjoyed their service at first - but then things began to go sour. Within three months of using their service I began to notice problems. First my direct deposit was input several days late. Then the balance in my bank account appeared to have been incorrectly input. Instead of $2000 dollars, it showed $200! Their website was slow, inaccurate, and failed to be updated in a timely fashion. It was down more than it was working! Finally, after months of calls to customer service (who were all very nice and very apologetic) I gave up. I could not go about my daily business having so many errors to clean up, and I could not be sure that my money was secure. I had to move to a commercial bank, and as a result, I have not seen an error on my bank account since.
|Return on Assets - YTD||0.94%|
|Return on Equity - YTD||11.22%|
|Annual Interest Income||$128.6MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$8.86B$8.70B|
|Loans||Q2 2022vs Q2 2021||$5.43B$5.08B|
|Deposits||Q2 2022vs Q2 2021||$8.02B$7.79B|
|Equity Capital||Q2 2022vs Q2 2021||$740.7MM$763.4MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$44.2MM$35.9MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$38.0MM$15.2MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for Teachers Federal Credit Union are currently being reviewed.