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Teachers Credit Union

Overview
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Teachers Credit Union is a federal credit union based in Smithtown, New York. It has been opened since 1952, for 68 years.

With around $7,247,530,000 in assets, Teachers Credit Union is considered to be a very large credit union. It has 30 branches and 29 ATM locations.

About
Address Po Box 9005
Smithtown, New York 11787
Website http://www.teachersfcu.org
Phone (631) 698-7000
Fax (631) 696-0116
CEO Robert G. Allen
President of the Board Timothy Southerton
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
329,036 members
Membership type: Community credit union
Above average number of members
449:1
Credit union member to staff ratio
449 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$7,247,532,118
Total assets
Above average
30 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.36%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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30 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
Teachers Credit Union Branch Locations

Teachers Credit Union: Woodside
5024 Queens Boulevard
Woodside, New York 11377
ATM Available
Teachers Credit Union: Riverhead
176 Old Country Road
Riverhead, New York 11901
ATM Available
Teachers Credit Union: Rocky Point
561 Route 25A
Rocky Point, New York 11778
ATM Available
Teachers Credit Union: Selden
301 Independence Plz
Selden, New York 11784
ATM Available
Teachers Credit Union: Port Jefferson
450 Route 112
Port Jefferson Station, New York 11776
ATM Available
Teachers Credit Union: Wading River
6257 Route 25A
Wading River, New York 11792
ATM Available
Teachers Credit Union: North Babylon
1134 Deer Park Avenue
North Babylon, New York 11703
ATM Available
Teachers Credit Union: Riverside
180 Riverside Boulevard
New York, New York 10069
ATM Available
Teachers Credit Union: Briarwood
13930 Queens Boulevard
Briarwood, New York 11435
ATM Available
Teachers Credit Union: Kings Park
742 Route 25A
Kings Park, New York 11754
ATM Available
Teachers Credit Union: Massapequa
4250 Jerusalem Avenue
Massapequa, New York 11758
ATM Available
Teachers Credit Union: Patchogue Branch
31 W. Main Street
Suite 23
Patchogue, New York 11772
ATM Available
Teachers Credit Union: Merrick Branch
1638 Merrick Road
Merrick, New York 11566
ATM Available
Teachers Credit Union: Smithtown
1 W. Main Street
Smithtown, New York 11787
ATM Available
Teachers Credit Union: Hauppauge Branch
102 Motor Parkway
Hauppauge, New York 11788
ATM Available
Teachers Credit Union: Oakdale
951 Montauk Highway
Oakdale, New York 11769
ATM Available
Teachers Credit Union: Bnl Branch
2 Center Street
Upton, New York 11973
ATM Available
Teachers Credit Union: South Setauket
260A Pond Path
South Setauket, New York 11720
ATM Available
Teachers Credit Union: Holbrook
5439 Sunrise Highway
Holbrook, New York 11741
ATM Available
Teachers Credit Union: Manorville Branch
460 County Road 111
Manorville, New York 11949
ATM Available
Teachers Credit Union: Farmingville
2410 North Ocean Avenue
Farmingville, New York 11738
ATM Available
Teachers Credit Union: Amityville Branch
355 Broadway
Amityville, New York 11701
ATM Available
Teachers Credit Union: Bay Shore Branch
1360 Sunrise Highway
Bay Shore, New York 11706
ATM Available
Teachers Credit Union: Nesconset
127 Smithtown Boulevard
Nesconset, New York 11767
ATM Available
Teachers Credit Union: Huntington
211 E. Main Street
Huntington, New York 11743
ATM Available
Teachers Credit Union: East Northport
556 Larkfield Road
East Northport, New York 11731
ATM Available
Teachers Credit Union: Commack Branch
10 Vanderbilt Motor Parkway
Commack, New York 11725
ATM Available
Teachers Credit Union: Central Islip Branch
118 Wheeler Road
Central Islip, New York 11722
ATM Available
Teachers Credit Union: Headquarters
102 Motor Parkway
Hauppauge, New York 11788
No ATM
Teachers Credit Union: Shirley
437 William Floyd Parkway
Shirley, New York 11967
ATM Available
Members
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329,036 members
Membership type: Community credit union
Above average number of members

With 329,036 members, the Teachers Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 99% of credit unions.

Fees
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$41
Average fee per member
The average fee per member at the Teachers Credit Union is $41, which is comparable to most credit unions. This rate is lower than 56% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Teachers Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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449:1
Credit union member to staff ratio
449 per each FTE employee
Compared to 411:1 nationally
Fewer staff
732 staff members
FTE (full-time equivalent)
19% of employees are part-time
657 full-time, 151 part-time

Teachers Credit Union has 657 full-time staff members and 151 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 81% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Teachers Credit Union has around 449 members per staff, a higher ratio compared to other credit unions.

Assets
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$7,247,532,118
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.0%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$29,341
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 97% of credit unions.

Teachers Credit Union holds a total of $4,447,590,000 in loans and leases, which is about $29,341 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Teachers Credit Union pays 0.10%.

Loan rates
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9.36%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.45%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.24%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.99%
New car loan rate
Compared to 4.0% nationally
3.29%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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2.99%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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