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 15th largest credit union in the state of New Jersey. It is also the 1,034th largest credit union in the nation. It was established in 1964 and as of March of 2016, it had grown to 38 employees and 19,613 members at 3 locations. Xcel Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Credit union membership is open to employees of several companies and members of the American Consumer Council (ACC). Anyone can join the ACC.
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 (5)

Great Credit Union

Posted by: crocpa | Apr 11, 2016

Every time I call them or text then they resolve issues quick. They have a decent atm withdrawal limit of $500 per day. Their mobile deposit limit is generous. Even the max limit on the rewards checking is generous. Just wish they had an easier login method. You have to enter a random code every time.

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.

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?

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.

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.



Health
C+

Health Grade Components

Overall
NCUA #16218
Year Chartered1964
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD7.52%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$187.6MM$163.3MM
LoansQ1 2016vs Q1 2015$147.0MM$144.9MM
DepositsQ1 2016vs Q1 2015$173.6MM$150.3MM
Equity CapitalQ1 2016vs Q1 2015$11.9MM$11.8MM
Loan Loss AllowanceQ1 2016vs Q1 2015$1.1MM$1.1MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$2.5MM$1.6MM
Real Estate OwnedQ1 2016vs Q1 2015$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

XCEL Slashes Some CD Rates

ChasR   |  
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.

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

Rates
Report an Issue

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
1.20%$5k-36 Month CD
1.10%$5k-24 Month CD
0.50%$5k-12 Month CD
0.30%$5k-6 Month CD
0.20%$5k-3 Month CD

Xcel Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$5k-60 Month IRA
1.50%$5k-48 Month IRA
1.20%$5k-36 Month IRA
1.10%$5k-24 Month IRA
0.50%$5k-12 Month IRA
0.30%$5k-6 Month IRA
0.20%$5k-3 Month IRA
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