Nassau Financial Federal Credit Union was founded in 1936 and serves anyone who lives, works, volunteers, worships or attends school in Nassau County, New York. Nassau Financial has over $260 million in assets and serves over 30,000 members. Nassau Financial offers competitive savings rates, CD rates, loans and mortgages.
The Nassau Financial Federal Credit Union began in 1936 as the Nassau County Court House Employees Federal Credit Union. It became the Nassau County Employees FCU in 1969, Nassau County FCU in 1991, and finally Nassau Financial FCU in 2005. The credit union has four locations and more than $300 million in assets.
First and foremost, it's important to clarify that a credit union such as Nassau Financial offers the same financial products that you'll find at a bank. That means that you will also find certificates of deposit, checking and savings accounts, and money market accounts here. Credit unions also originate home loans, often with more flexible guidelines than what you'll find at a bank or mortgage lender.
The main advantages of credit unions, then, are the increased flexibility mentioned above along with an added commitment to the local community. Consumers who join credit unions often feel as though they're part of an important pillar of the neighborhood rather than simply another account number at the bank.
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