Featured Savings Rates
Featured Accounts

Xcel Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.01%Reward CheckingKasasa Cash
1.00%Reward SavingsKasasa Saver
2.00%5-year CD60 Month CD

Overview / Commentary
800-284-8663
1460 Broad St
Bloomfield, NJ 07003

Xcel Federal Credit Union is headquartered in Bloomfield and is the 16th largest credit union in the state of New Jersey. It is also the 1,058th largest credit union in the nation. It was established in 1964 and as of September of 2016, it had grown to 34 employees and 19,856 members at 3 locations. Xcel Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership in Xcel Federal Credit Union is open to anyone through joining the American Consumer Council. Membership is also open to employees and members of Bloomfield College, Essex City Electricians Association, Hudson County, US Department of Justice, US Department of Education and over 100 Select Employer Groups.
See current membership details

Related Posts

XCEL Slashes Some CD Rates - 8/1/2016

It looks to me like XCEL has cut a bunch of CD rates--e.g., the 3-year rate is now only 1.20% APY.  The 5-year CD rate remains at 2.00% APY.

XCEL FCU 5 Year CD Rate Drop. Quick Look. - 7/12/2016

XCEL Federal CU reduced the APY on its' 5 year CD (from 2.20%) to 2.00% today; EWP=180 days (unchanged).

XCEL FCU (Easy Membership) Restructures Kasasa Cash Account - 1/20/2016

XCEL Federal Credit Union's (easy membership) Kasasa Cash account now earns 2.01% APY on qualifying balances up to $50K, a heft increase from the earlier balance limit of $15K.

View all posts from:


Reviews (6)

Max Limit On Rewards Checking Only $25,000

Posted by: Noel Namo | Jun 15, 2016

The maximum balance limit that qualifies for the rewards checking rate of 2% has been lowered to $25,000 as of 06/01/16. This was done without any warning to me as a member. I also agree with a previous post that discussed major issues with getting online account access setup. It was an error filled process. My experience with customer service has been from one extreme to the other. It depends who you talk to. Just some things new members should keep in mind before opening an account.

This Is A Tough One

Posted by: tck | Nov 21, 2016

I want to like Xcel, the service has has been very friendly 95% of the time. But otherwise the experience hasn't been great.

First I will say, after less than a year, I will be closing my Kasasa rewards account here, maybe even leaving the CU altogether.

I joined for the Kasasa account less than a year ago, back when you could earn interest on 50K. A few months after joining, I noticed my interest far lower than usual! I check the website and see that it's been lowered to 25K. I know they are under no obligation to tell us this, but still that's a big drop, and it sucked. Soon after that I missed my 12 debits and did not qualify to earn the interest. The next month I qualified, yet the interest was not credited. So I call and they tell me they will correct it, very friendly, great! Yet, a week later still no interest. So I call back, same friendly help and a promise the money will be there by days end. 2 days later, nothing. Again I call, this time I'm on the phone with a supervisor and he makes the deposit while I am on the phone. Resolved.

Unfortunately, each month after that (4 months in a row now) I have had to call to have someone credit me the correct interest. I don't have the time or energy for this, so as soon as I find an alternative, I will be jumping ship. Sorry Xcel, I tried.

Also I think they need to update their website. It feels very dated. Okay, it works, as does the app. Somewhere their system is breaking down, it could be on the software end, could be the people. I don't know. Hopefully they figure it out.

20Th Century Technology

The login process is ridiculous. It drives MINT crazy. The app looks like it was designed by a 12 year old.

Oh yeah, and I was surprised by the drop from $50K to $25K with absolutely no warning as well. When I chatted online and asked them to at least honor one month at the higher balance, the "branch manager" had to check with somebody and then never responded back as promised.

Would not recommend. Lots of other institutions doing it right.

Let The Buyer Beware - A Complete Nightmare

Posted by: John Sears | Jun 7, 2016

They made me join some lame $5 outfit, I did.

They had me fund a Savings Acct. with $5. I did.

When I wanted to move over $240K to eventually fund a 5 year CD, it showed an error and that it was empty.

After tinkering with it for two days on their part, the security questions and bypass weren't compatible. The next day, they said the person in charge wasn't in that day, it had to be unlocked.

Later that day, now the woman in charge wouldn't be back for a week, and I had been turned down for trying to open too many credit unions. I explained I needed 3 for full coverage. I had opened 4.

Outrageous, dishonest and unethical. I doubt I will ever see my $10. Imagine if they had gotten the $240K, and it had disappeared?

Thumbs Down

Posted by: Cbrand | May 2, 2016

Backwards organization here. They advertise in high-end car magazines proclaiming to be a lender for such automobiles. Well, that's not the case. They seem to have no experience or knowledge of lending on very high dollar vehicles. Don't waste your time with these guys.

They FROZE My Account For WEEKS!

Posted by: crocpa | Apr 11, 2016

I used to love this credit credit union until all of a sudden they froze account for weeks simply because I was an out of state client that dealt with different c u ' s . There is no law against having more than one bank account. These idiots consider you a terrorist money launderer or drug dealer if you do however. They accused me of kiting. What the heck is that? Depositing checks in there institution and writing check to another in order to take advantage of the float. Hello! Idiots, I have over $30K in this account sitting there earning interest. They finally released my funds and closed the account. They beat to it. I was going to do it any way. Don't be a victim, avoid this institution.



Health
C+

Health Grade Components

Overall
NCUA #16218
Year Chartered1964
Employees34
Primary Regulator
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD6.97%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$183.8MM$169.1MM
LoansQ3 2016vs Q3 2015$150.8MM$150.8MM
DepositsQ3 2016vs Q3 2015$166.4MM$150.9MM
Equity CapitalQ3 2016vs Q3 2015$12.4MM$12.4MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.2MM$1.1MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$3.3MM$2.0MM
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Xcel 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.

Xcel Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$15kKasasa Saver
OTHER TIERS: 0.03% $15k+
0.10%$50-Regular Savings
0.10%--Additional Savings
0.10%--IRA Savings
0.10%--Holiday Club
0.10%--Vacation Club
0.10%--CESA Savings

Xcel Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$25k*-Money Market
OTHER TIERS: 0.30% $1k - $2,500 | 0.35% $2,500 - $10k | 0.40% $10k - $25k

Xcel Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%*-$25kKasasa Cash
OTHER TIERS: 0.30% $25k+
0.05%$2,500-Checking Account
0.00%--Kasasa Cash Back

Xcel Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$5k-60 Month CD
1.50%$5k-48 Month CD
1.25%$5k-36 Month CD
1.10%$5k-24 Month CD
0.75%$5k-12 Month CD
0.50%$5k-6 Month CD
0.25%$5k-3 Month CD

Xcel Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$5k-60 Month IRA
2.00%$5k-60 Month CESA
1.50%$5k-48 Month IRA
1.50%$5k-48 Month CESA
1.25%$5k-36 Month IRA
1.25%$5k-36 Month CESA
1.10%$5k-24 Month IRA
1.10%$5k-24 Month CESA
0.75%$5k-12 Month IRA
0.75%$5k-12 Month CESA
0.50%$5k-6 Month IRA
0.50%$5k-6 Month CESA
0.25%$5k-3 Month IRA
0.25%$5k-3 Month CESA
Locations


Xcel Federal Credit Union Locations
Main Office1460 Broad StBloomfield, NJ 07003
Branch Office30 Path Plz Journal SquareJersey City, NJ 07306
Branch Office26 Federal Plz Ste 1702 Room 1702New York, NY 10278