Xcel Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.01% | Reward Checking | Kasasa Cash 1.76% - National Average |
| 1.00% | Reward Savings | Kasasa Saver 0.77% - National Average |
| 2.00% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
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 1,023rd largest credit union in the nation. It was established in 1964 and as of June of 2016, it had grown to 37 employees and 19,806 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
7/12 - XCEL FCU 5 Year CD Rate Drop. Quick Look.
1/20 - XCEL FCU (Easy Membership) Restructures Kasasa Cash Account
10/21 - XCEL FCU (Easy Membership) Has Competitive 24-Month CD
8/19 - National Deal: 2-Year CD Pays 2%
7/2/12 - Fourth of July 3-Month CD Special at XCEL FCU - Easy Membership
11/8/11 - Update Re XCEL Federal Credit Union Rate Drop
11/7/11 - XCEL Federal Credit Union Planned Rate Drop
10/24/11 - Top CD Rates at XCEL Federal Credit Union - Easy Membership
Great Credit Union
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
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
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
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.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 16218 |
| Year Chartered | 1964 |
| Employees | 37 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 6.41% |
| Annual Interest Income | $4.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $192.2MM$164.1MM |
| Loans | Q2 2016vs Q2 2015 | $146.7MM$146.4MM |
| Deposits | Q2 2016vs Q2 2015 | $178.2MM$147.7MM |
| Equity Capital | Q2 2016vs Q2 2015 | $12.1MM$12.1MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.1MM$1.1MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $2.9MM$1.7MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
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
XCEL FCU 5 Year CD Rate Drop. Quick Look.
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | - | $15k | Kasasa 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.01%* | - | $25k | Kasasa Cash | ||
| OTHER TIERS: 0.30% → $25k+ | |||||
| 0.05% | $2,500 | - | Checking Account | ||
| 0.00% | - | - | Kasasa Cash Back | ||
Xcel Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
| Xcel Federal Credit Union Locations | ||
|---|---|---|
| Main Office | 1460 Broad St | Bloomfield, NJ 07003 |
| Branch Office | 30 Path Plz Journal Square | Jersey City, NJ 07306 |
| Branch Office | 26 Federal Plz Ste 1702 Room 1702 | New York, NY 10278 |