Teachers
Po Box 9005
Smithtown, NY 11787
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Phone 1-631-698-7000
2021 Overview
General Credit Union Information
Teachers is an NCUA insured institution located in Smithtown, NY. It was founded in 1952 and has approximately $8217.95 millions in assets.
Who can join?
All Long Islanders* can bank at TFCU
TFCU is a not-for-profit, member-owned financial institution which exists to serve our members. This means unlike other financial institutions, we have fewer fees and more favorable rates, adding up to a great financial deal.
TFCU offers financial services to all people and businesses located in Nassau and Suffolk* Counties!
Persons who live, work (or regularly conduct business in), worship, or attend school in and businesses and other legal entities located in Nassau County, New York, or the following portions of Suffolk* County, New York can join TFCU: Town of Huntington; Town of Babylon; Town of Smithtown; Town of Islip; Town of Brookhaven; the Poospatuck Reservation; Town of Riverhead; or Town of Southold.
Family members of those who are already members are also eligible to join, too, and enjoy the complete range of financial products and services we offer. TFCU will continue to serve all current members and their families.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 8116 |
| Date Established | 1952 |
| Assets | $8,217.95 million |
| Loans | $5,121.50 million |
| Deposits | $7,422.84 million |
| Capital | $762.68 million |
Field of Membership Restrictions
Deposit Rates - February 28, 2021
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.30% | $2,500 | $2,999 |
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|
|
Money Market
|
0.30% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.10% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.20% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.20% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.10% | $1 | $499 | Learn More |
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Special: 48 Mo FIRA
|
1.10% | $1,000 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $1 | $99 | Learn More |
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Free Checking | 0.00% | $0 | $0.00 | Learn More |
Loan Rates - February 28, 2021
Your Current Location: Connecticut, CT 06828
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.25% | 5.25% | Varies | |
Compare with 4 RATE Line of Credit from People's United Bank, N.A.
See All Home Equity Rates |
||||
| 10 Year Loan
See Table |
4.49% | 4.49% | $517.95 | |
| 15 Year Loan
See Table |
5.24% | 5.24% | $401.68 | |
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 3.09% | 3.09% | $728.02 | |
| 4 Year | 3.09% | 3.09% | $554.35 | |
| 5 Year | 3.09% | 3.09% | $450.22 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 7 Year Adjustable Conforming See Amortization Table |
3.75% | 2.50% | $987.80 | |
| 7 Year Adjustable Jumbo See Amortization Table |
3.72% | 2.50% | $987.80 | |
| 10 Year Adjustable Conforming See Amortization Table |
3.58% | 2.75% | $1,020.60 | |
| 10 Year Adjustable Jumbo See Amortization Table |
3.56% | 2.75% | $1,020.60 | |
| 15 Year Fixed Jumbo See Amortization Table |
2.92% | 2.88% | $1,712.06 | |
| 15 Year Fixed Conforming See Amortization Table |
2.97% | 2.88% | $1,712.06 | |
| 20 Year Fixed Jumbo See Amortization Table |
3.29% | 3.25% | $1,417.99 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 7 Year Adjustable Conforming See Amortization Table |
3.75% | 2.50% | $987.80 | |
| 7 Year Adjustable Jumbo See Amortization Table |
3.72% | 2.50% | $987.80 | |
| 10 Year Adjustable Conforming See Amortization Table |
3.58% | 2.75% | $1,020.60 | |
| 10 Year Adjustable Jumbo See Amortization Table |
3.56% | 2.75% | $1,020.60 | |
| 15 Year Fixed Jumbo See Amortization Table |
2.92% | 2.88% | $1,712.06 | |
| 15 Year Fixed Conforming See Amortization Table |
2.97% | 2.88% | $1,712.06 | |
| 20 Year Fixed Jumbo See Amortization Table |
3.29% | 3.25% | $1,417.99 |
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 Teachers 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:
Fairfield,Connecticut
Financial Details
Teachers Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Teachers. 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
| Teachers | U.S. Average |
|---|---|
| 3.16% | 4.42 |
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 September 30, 2020, Teachers had $24,362,401 in non-current loans and $410,058 in owned assets. To cover these potential losses it had $762,684,467 in net worth and $22,184,077 in loans loss reserves. That gives it a Texas Ratio of 3.16%.
Net Worth
| Teachers | U.S. Average |
|---|---|
| 9.28% | 12.91% |
Teachers FCU has a net worth of 9.28% versus the BestCashCow average of 12.91. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Teachers
Branches and Savings
What is Teachers?
A federal credit union, registered with the NCUA under certificate #8116.
Learn more about credit unions here.
Is Teachers FDIC insured?
No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Teachers is insured by the NCUA.
Who can join Teachers?
Please see Field of Membership information above for information on who is eligible to join.
How big is Teachers?
Teachers has total capital of $762.68 million. Full information on Teachers's financial position is located above.
Who owns Teachers?
Credit Unions are owned by their members.
Where are Teachers branches located?
See branch locations nearby.
Are Teachers ATMs Open 24/7?
Do Teachers ATMs accept cash deposits?
Can Teachers customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Teachers have a mobile app?
Does Teachers have mobile deposit?
Does Teachers have quick pay?
How can Teachers transfer money to other banks or credit unions?
Does Teachers report to credit bureaus?
Does Teachers use Chexsystems?
Does Teachers use Equifax?
What is Teachers's toll free phone number?
What is Teachers's ACH Routing Number?
What is Teachers's SWIFT code?
Where can I find Teachers's wire transfer form?
What is the Teachers address for deposits?
What Products Does Teachers Offer
Does Teachers offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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