People's Alliance Federal Credit Union

Headquarters

125 Wireless Blvd
Hauppauge, NY 11788
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 5.55% →
1-Year CD 0.72% 5.41% →
2-Year CD 0.90% 5.00% →
5-Year CD 1.16% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

People's Alliance is an NCUA insured institution located in Hauppauge, NY. It was founded in 1940 and has approximately $321.37 millions in assets.

Who can join?

• If you are employed by a company in PAFCU's field of membership, you are eligible to join. Check with your immediate supervisor or Human Resources Manager to see if your company offers PAFCU membership among its employee benefits. If so, you can enroll at your company, request a membership application from your nearest PAFCU branch, write or E-Mail us for an application. It's that easy.
• If you are an employee at a company in the Hauppauge Industrial Park, you are automatically eligible for PAFCU membership. Visit the Hauppauge branch for membership information.
• If your company is not in PAFCU's field of membership, ask your Human Resources Manager or key benefits decision-maker to call, write or E-Mail us at the Hauppauge Administrative office for a full kit and video explaining how your company can join. There is no obligation or cost for this material.
• If you are a Human Resources Manager, Benefits Administrator, President/CEO, or Owner of a company familiar with PAFCU, you can join.
• PAFCU also offers kinship accounts. Once you join, any member of your family (through blood, marriage or adoption) may join and enjoy all the benefits of PAFCU. On the flip side, if you are related to a PAFCU member, you are eligible to join.
People's Alliance Federal Credit Union has expanded their membership to include persons, who live, work, worship or attend school in, and businesses and other legal entities located in a portion of the following areas:
• Aquebogue, Amityville, Bay Shore, Babylon, Bayport, Bellport, Brentwood, Blue Point, Bohemia, Brookhaven, Brooklyn, Calverton, Center Moriches, Centereach, Central Islip, Copiague, Coram, Deer Park, East Moriches, E. Patchogue, Eastport, Farmingville, Hampton Bays, Holtsville, Huntington, Huntington Station, Islip Terrace, Jamesport, Lake Grove, Lake Ronkonkoma, Lindenhurst, Manorville, Mastic, Mastic Beach, Mattituck, Medford, Middle Island, Moriches, N. Babylon, Patchogue, Quogue, Ridge, Riverhead, Rocky Point, Ronkonkoma, Selden, Setauket, Shirley, Shoreham, Sound Beach, Southampton, Stony Brook, W. Babylon, Wyandanch, Yaphank.
• Carle Place School District.
• Brooklyn, New York which lies within Community Planning Districts #3, #8, or #9.
• Miami and Hialeah, Florida.

NCUA Insured Yes / Federally Chartered
Charter Number # # 3633
Date Established 1940
Assets $321.37 million
Loans $167.86 million
Deposits $284.32 million
Capital $33.05 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in several areas of New York including parts of Brooklyn, New York, and in Miami and Hialeah, Florida. You can also be eligible via Select Employer groups and via family.

Deposit Rates - April 14, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.30% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.47% $10,000 $14,999 Learn More
6 Mo CD
0.47% $100,000 $199,999 Learn More
12 Mo CD
0.72% $10,000 $14,999 Learn More
12 Mo CD
0.72% $100,000 $199,999 Learn More
18 Mo CD
0.81% $10,000 $14,999 Learn More
18 Mo CD
0.81% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
0.99% $10,000 $14,999 Learn More
36 Mo CD
0.99% $100,000 $199,999 Learn More
48 Mo CD
1.07% $10,000 $14,999 Learn More
48 Mo CD
1.07% $100,000 $199,999 Learn More
60 Mo CD
1.16% $10,000 $14,999 Learn More
60 Mo CD
1.16% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - April 14, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for People's Alliance

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.652% 6.500% 1.00 $5,085 $2,023 Learn More
Rocket Mortgage
NMLS ID: 3030
7.602% 7.500% 1.00 $3,200 $2,238 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More
Neighbors Bank
NMLS ID: 491986
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to People's Alliance
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Branches

Below are People's Alliance 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


People's Alliance Locations



Climate Policy and Initiatives

PEOPLE'S ALLIANCE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

People's Alliance Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of People's Alliance. 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
People's Alliance U.S. Average
10.88% 6.97

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, 2023, People's Alliance had $3,619,114 in non-current loans and $230,000 in owned assets. To cover these potential losses it had $33,050,850 in net worth and $2,315,656 in loans loss reserves. That gives it a Texas Ratio of 10.88%.

Net Worth
People's Alliance U.S. Average
10.27% 13.62%

People's Alliance FCU has a net worth of 10.27% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for People's Alliance

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