TEACHERS

PO BOX 9005
Smithtown, NY 11787

Phone: 1-631-698-7000

Notable Rates APY Vs.Others
Savings 0.10% 2.30% →
1-Year CD 1.70% 2.25% →
2-Year CD 2.15% 2.50% →
5-Year CD 2.30% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage 2.97% 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Credit Union Information

Teachers is an NCUA insured institution located in Smithtown, NY. It was founded in 1952 and has approximately $7373.28 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
Charter Number # # 8116
Date Established 1952
Assets $7,373.28 million
Loans $4,677.95 million
Deposits $6,672.38 million
Capital $677.67 million
 

Field of Membership Restrictions

Membership in Teachers Federal Credit Union is open to those who live, work, attend school, regularly conduct business, or worship in Nassau County or the Towns of Huntington, Babylon, Smithtown, Islip, Brookhaven, Riverhead, Southold, or the Poospatuck Reservation in Suffolk County, New York.

Deposit Rates - November 22, 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
1.00% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.70% $1,000 - Learn MoreShow Less
Special: 24 Mo FIRA
2.15% $1,000 - Learn MoreShow Less
Special: 36 Mo FIRA
2.10% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
0.50% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.50% $100,000 - Learn MoreShow Less
1.00% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
1.00% $100,000 - Learn MoreShow Less
1.70% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
1.70% $100,000 - Learn MoreShow Less
18 Mo CD
1.90% $1,000 - Learn MoreShow Less
Special: 24 Mo CD
2.15% $1,000 - Learn MoreShow Less
24 Mo CD
2.15% $1,000 - Learn MoreShow Less
Special: 36 Mo CD
2.10% $1,000 - Learn MoreShow Less
36 Mo CD
2.10% $1,000 - Learn MoreShow Less
48 Mo CD
2.20% $1,000 - Learn MoreShow Less
60 Mo CD
2.30% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 - Learn MoreShow Less
Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - November 22, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
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
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 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:
Ashburn,Virginia


Teachers Locations


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
2.69% 5.86

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 June 30, 2019, Teachers had $18,121,712 in non-current loans and $410,058 in owned assets. To cover these potential losses it had $677,670,242 in net worth and $10,891,099 in loans loss reserves. That gives it a Texas Ratio of 2.69%.

Net Worth
Teachers U.S. Average
9.19% 13.65%

Teachers FCU has a net worth of 9.19% versus the BestCashCow average of 13.65. 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. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Teachers?

Please see Field of Membership information above for information on who is eligible to join.

What are Teachers's share account and share certificate rates?

Teachers's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Teachers?

Teachers has total capital of $677.67 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 mortgages?

Compare mortgage rates here.

Does Teachers offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Teachers offer auto and RV loans?

Compare auto loan rates here.

Does Teachers offer student loans or personal loans?

Compare personal loan rates here.

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