This year marks NEFCU’s 75th Anniversary. Since our humble beginnings in 1938 with just nine members and $45 in deposits, NEFCU has since grown to serve more than 150,000 members with more than $2 billion in assets.
In 1938, NEFCU started out as Valley Stream Teachers Federal Credit Union to serve employees of Valley Stream schools and their families. Over the subsequent 75 years, we expanded and changed our business model to adapt to the marketplace and the needs of our growing membership. From those early days as the Valley Stream Teachers Federal Credit Union, we have grown and are now considered a leading full service financial institution with the ability to serve consumers and businesses throughout Long Island.
It took us almost 70 years to reach our first billion in assets and only six short years to double our assets to $2 billion. NEFCU continues to show admirable growth numbers in both assets and loans as we seek to serve the entirety of Long Island.
In celebration of our 75th Anniversary, NEFCU is offering Long Islanders a number of exceptional values including a PowerLine Home Equity Line of Credit with an introductory rate as low as 0.75% APR for six months and personal loans available between $500 - $20,000 with flexible terms from 6 - 60 months with rates as low as 6.75% APR. In addition, NEFCU is offering Long Islanders $75 when they open any free NEFCU checking account with direct deposit.
We are incredibly proud and honored that so many Long Islanders have chosen NEFCU for all of their banking needs. Thank you to our members, our employees and our supporters along the way. To 75 years and 75 more!
