Nassau Educators Federal Credit Union

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Review based on 12 criteria Rating: 4 out of 5

1000 Corporate Dr, Westbury, NY 11590

Website

(516) 561-0030

Data Source: NCUA, December 31, 2016


Nassau Educators Federal Credit Union was founded in 1938. Headquartered in Westbury, New York, Nassau Educators Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Nassau Educators Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB) , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Nassau Educators Federal Credit Union services 171,186 members through its 13 offices and branches and 310 full-time and 53 part-time employees. It has $2,587,206,021 of total assets and $257,495,774 of net worth. Based on its asset size and net worth ratio, Nassau Educators Federal Credit Union is classified as a Well Capitalized large credit union.

Nassau Educators Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Nassau Educators Federal Credit Union also provides an array of services to its members and local communities. Nassau Educators Federal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Nassau Educators Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in New York and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of New York
Median of USA
Checking
0.5200
0.0000
0.0000
Savings
0.3000
0.1500
0.1200
Money Market
0.4800
0.2500
0.2500
Certificate Deplit
1.2900
0.6000
0.5800
IRA
1.6000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of New York
National Median Rates
Credit Cards
9.5200
9.9000
9.9900
Unsecured Line of Credits
11.2300
9.9400
10.9500
Short-term Small Amount
n/a
24.0000
25.0000
Student Loans
6.2500
6.0000
6.0200
New Car Loans
2.3800
3.0000
3.3300
Used Car Loans
2.7200
4.2500
4.5000
1st Mortgage Real Estates
3.6100
4.0000
4.2500
Other Real Estates
3.1400
4.4700
4.7000

Nassau Educators Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Nassau Educators Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
Yes
Bill Payment
Yes
Yes
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
Yes
View Account History
Yes
Yes

As a community financial institution, Nassau Educators Federal Credit Union actively involves in local communities by prliding services such as financial counseling , financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
Bay Shore
2 E Main St
Bay Shore, NY 11706-8301
Phone:516-561-0030

Commack
6514 Jericho Tpke
Commack, NY 11725-2901
Phone:516-561-0030

Franklin Square
648 Hempstead Tpke
Franklin Square, NY 11010
Phone:516-561-0030

Greenvale
90 Northern Blvd
Greenvale, NY 11548
Phone:516-561-0030

Huntington Station
721 E Jericho Tpke
Huntington Station, NY 11746-7502
Phone:516-561-0030

Massapequa
5455 Merrick Rd
Massapequa, NY 11758-6214
Phone:516-797-8282

New Hyde Park
1636 Marcus Ave
New Hyde Park, NY 11040
Phone:516-561-0030

Plainview
525 Old Country Rd
Plainview, NY 11803
Phone:516-561-0030

Rockville Centre
556 Merrick Rd
Rockville Centre, NY 11570
Phone:516-561-0030

Syosset
103 Jackson Ave
Syosset, NY 11791
Phone:516-364-0008

Valley Stream
264 E Merrick Rd
Valley Stream, NY 11580-6034
Phone:516-561-7723

Wantagh
1157 Wantagh Ave
Wantagh, NY 11793
Phone:516-561-0030

Westbury
Main Office

1000 Corporate Dr
Westbury, NY 11590
Phone:516-561-0030
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  1. Cuhub Staff
    Cuhub Staff

    Last Updated on May 30, 2017

    May 30, 2017 at 10:24 pm

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