Teachers Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_ratedstar_normal by CUHub
Review based on 12 criteria Rating: 4 out of 5

PO Box 9005, Smithtown, NY 11787

Website

(631) 698-7000

Data Source: NCUA, December 31, 2016


Teachers Federal Credit Union was founded in 1952. Headquartered in Smithtown, New York, Teachers 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). Teachers 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, Teachers Federal Credit Union services 271,875 members through its 26 offices and branches and 542 full-time and 140 part-time employees. It has $5,462,011,568 of total assets and $569,543,560 of net worth. Based on its asset size and net worth ratio, Teachers Federal Credit Union is classified as a Well Capitalized large credit union.

Teachers 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. Teachers Federal Credit Union also provides an array of services to its members and local communities. Teachers 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 Teachers 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
0.0500
0.0000
0.0000
Savings
0.1000
0.1500
0.1200
Money Market
0.3000
0.2500
0.2500
Certificate Deplit
0.6000
0.6000
0.5800
IRA
0.6000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of New York
National Median Rates
Credit Cards
9.3600
9.9000
9.9900
Unsecured Line of Credits
10.4500
9.9400
10.9500
Short-term Small Amount
24.9900
24.0000
25.0000
Student Loans
9.0000
6.0000
6.0200
New Car Loans
1.4500
3.0000
3.3300
Used Car Loans
1.9900
4.2500
4.5000
1st Mortgage Real Estates
3.2500
4.0000
4.2500
Other Real Estates
2.4900
4.4700
4.7000

Teachers 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 Teachers 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
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
No

As a community financial institution, Teachers 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
Yes
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
No
First Time Homebuyer Program
Yes
Amityville Branch
355 Broadway
Amityville, NY 11701
Phone:631-789-2424

Bay Shore Branch
1360 Sunrise Hwy
Bay Shore, NY 11706-5914
Phone:631-666-2800

BNL Branch
2 Center St
Upton, NY 11973
Phone:631-344-2790

Central Islip Branch
118 Wheeler Rd
Central Islip, NY 11722
Phone:631-698-7000

Commack Branch
10 Vanderbilt Motor Pkwy
Commack, NY 11725
Phone:631-462-5151

East Northport
556 Larkfield Rd
East Northport, NY 11731
Phone:631-698-7000

Farmingville
2410 N Ocean Ave
Farmingville, NY 11738
Phone:631-698-7000

Hauppauge Branch
102 Motor Pkwy
Hauppauge, NY 11788
Phone:631-698-7000

Headquarters
Main Office

102 Motor Pkwy
Hauppauge, NY 11788
Phone:631-698-7000

Holbrook
5439 Sunrise Hwy
Holbrook, NY 11741
Phone:631-698-7000

Huntington
211 E Main St
Huntington, NY 11743
Phone:631-698-7000

Manorville Branch
460 County Road 111
Manorville, NY 11949
Phone:631-698-7000

Massapequa
4250 Jerusalem Ave
Massapequa, NY 11758-3315
Phone:631-698-7000

Merrick Branch
1638 Merrick Rd
Merrick, NY 11566-4538
Phone:631-698-7000

Nesonset
127 Smithtown Blvd
Nesconset, NY 11767
Phone:631-698-7000

North Babylon
1134 Deer Park Ave
North Babylon, NY 11703-3102
Phone:631-698-7000

Oakdale
951 Montauk Hwy
Oakdale, NY 11769
Phone:631-698-7000

Patchogue Branch
31 W Main St Ste 23
Patchogue, NY 11772-3034
Phone:631-698-7000

Port Jefferson
450 Route 112
Port Jefferson Station, NY 11776-1014
Phone:631-698-7000

Riverhead
176 Old Country Rd
Riverhead, NY 11901
Phone:631-698-7000

Rocky Point
561 Route 25a
Rocky Point, NY 11778
Phone:631-698-7000

Selden
301 Independence Plz
Selden, NY 11784
Phone:631-698-7000

Shirley
437 William Floyd Pkwy
Shirley, NY 11967
Phone:631-698-7000

Smithtown
1 W Main St
Smithtown, NY 11787
Phone:631-698-7000

South Setauket
260a Pond Path
South Setauket, NY 11720
Phone:631-698-7000

Wading River
6257 Route 25a
Wading River, NY 11792
Phone:631-698-7000

(631) 696-0116

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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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