NEFCU Hits $2 Billion in '75' Ways
NEFCU is celebrating its 75th anniversary by passing the $2 billion mark in assets and offering its 157,000 members a variety of deals ending in “75.”
“We are extremely proud of our 75 year history,” said NEFCU President/CEO Edward P. Paternostro.
“While we recognize that many aspects of our business will change, through it all, our mission has and will continue to remain the same – to ensure that our membership and their families achieve financial success,” Paternostro said.
The deals include a home equity line with an introductory rate as low as 0.75% APR for six months and personal loans available between $500 and $20,000 of six to 60 months with rates as low as 6.75% APR.
The $2.02 billion NEFCU also is offering Long Islanders $75 when they open any free NEFCU checking account with direct deposit.
Nassau Educators Federal Credit Union, based in the Long Island community of Westbury, N.Y., was founded in 1938 as Valley Stream Teachers Federal Credit Union, starting out with nine members and $45 in deposits. It reached its first billion in assets six years ago and has doubled since then.