NASSAU EDUCATORS

1000 Corporate Dr
Westbury, NY 11590

Phone: 1-516-561-0030

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 2760
Date Established 1938
Assets $3,153.66 million
Loans $2,580.79 million
Deposits $2,827.79 million
Capital $313.20 million

Nassau Educators is an NCUA insured institution located in Westbury, NY. It was founded in 1938 and has approximately $3153.66 millions in assets.

Who can join?

You are eligible for membership with NEFCU if you:

Live in Nassau and/or Suffolk Counties

Work in Nassau and/or Suffolk Counties

Worship in Nassau and/or Suffolk Counties

Attend school in Nassau and/or Suffolk Counties

Regularly conduct business in Nassau and/or Suffolk Counties

Family Sponsorship - An existing NEFCU member can sponsor in an immediate family member (mother/father, brother/sister, child, grandparent or grandchild) or any household member

Membership is not open to individuals who live, work, worship, attend school and do business exclusively in East Hampton, Southampton and Shelter Island.

Field of Membership Restrictions

You are eligible for membership with NEFCU if you: Live in Nassau and/or Suffolk Counties Work in Nassau and/or Suffolk Counties Worship in Nassau and/or Suffolk Counties Attend school in Nassau and/or Suffolk Counties Regularly conduct business in Nassau and/or Suffolk Counties Family Sponsorship - An existing NEFCU member can sponsor in an immediate family member (mother/father, brother/sister, child, grandparent or grandchild) or any household member Membership is not open to individuals who live, work, worship, attend school and do business exclusively in East Hampton, Southampton and Shelter Island.

Deposit Rates - April 19, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.50% $2,500 $24,999 Learn MoreShow Less
Money Market
2.00% $25,000 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
2.00% $500 - Learn MoreShow Less
Special: 11 Mo FIRA
2.35% $1,000 - Learn MoreShow Less
Special: 36 Mo FIRA
3.00% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.30% $1,000 - Learn MoreShow Less
6 Mo CD
1.25% $1,000 - Learn MoreShow Less
Special: 11 Mo CD
2.35% $1,000 - Learn MoreShow Less
12 Mo CD
2.00% $1,000 - Learn MoreShow Less
24 Mo CD
2.15% $1,000 - Learn MoreShow Less
Special: 36 Mo CD
3.00% $1,000 - Learn MoreShow Less
36 Mo CD
3.00% $1,000 - Learn MoreShow Less
48 Mo CD
2.65% $1,000 - Learn MoreShow Less
60 Mo CD
2.75% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
2.00% $4 - Learn MoreShow Less
Checking Rates APY MIN FEE
GO Green Checking 3.00% $0 $0.00 Learn MoreShow Less

Loan Rates - April 19, 2019

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
3 Year 2.99% 2.99% $726.92
4 Year 2.99% 2.99% $553.25
5 Year 2.99% 2.99% $449.11
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.



Branches

Below are Nassau Educators branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Nassau Educators Locations


Financial Details

Nassau Educators Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Nassau Educators. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Nassau Educators U.S. Average
11.45% 7.49

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2018, Nassau Educators had $37,147,678 in non-current loans and $300,062 in owned assets. To cover these potential losses it had $313,199,848 in net worth and $13,966,356 in loans loss reserves. That gives it a Texas Ratio of 11.45%.

Net Worth
Nassau Educators U.S. Average
9.93% 13.61%

Nassau Educators FCU has a net worth of 9.93% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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