Teachers Federal Credit Union

Headquarters

Po Box 9005
Smithtown, NY 11787
See all branch locations →

Phone 1-631-698-7000

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.70% 0.67% →
2-Year CD 0.90% 0.80% →
5-Year CD 1.20% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage 2.97% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Teachers is an NCUA insured institution located in Smithtown, NY. It was founded in 1952 and has approximately $8701.85 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 $8,701.85 million
Loans $5,078.27 million
Deposits $7,790.48 million
Capital $820.60 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 - December 3, 2021

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
0.30% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.75% $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
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
1.20% $10,000 $14,999 Learn More
60 Mo CD
1.20% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - December 3, 2021

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



Climate Initiatives

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

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
2.81% 3.79

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, 2021, Teachers had $23,670,829 in non-current loans and $410,058 in owned assets. To cover these potential losses it had $820,602,559 in net worth and $35,942,798 in loans loss reserves. That gives it a Texas Ratio of 2.81%.

Net Worth
Teachers U.S. Average
9.43% 12.22%

Teachers FCU has a net worth of 9.43% versus the BestCashCow average of 12.22. 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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