Palisades Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

300 N Middletown Rd, Ste 6, Pearl River, NY 10965-1295

Website

(845) 602-4242

Data Source: NCUA, December 31, 2016


Palisades Federal Credit Union was founded in 1941. Headquartered in Pearl River, New York, Palisades Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Palisades Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Palisades Federal Credit Union services 14,100 members through its 3 offices and branches and 26 full-time and 2 part-time employees. It has $181,808,230 of total assets and $20,000,684 of net worth. Based on its asset size and net worth ratio, Palisades Federal Credit Union is classified as a Well Capitalized medium large credit union.

Palisades Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Palisades Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Palisades Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in New York and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of New York
Median of USA
Checking
0.2300
0.0000
0.0000
Savings
0.0400
0.1500
0.1200
Money Market
0.3000
0.2500
0.2500
Certificate Deplit
0.8700
0.6000
0.5800
IRA
0.7400
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of New York
National Median Rates
Credit Cards
10.0000
9.9000
9.9900
Unsecured Line of Credits
11.9000
9.9400
10.9500
Short-term Small Amount
n/a
24.0000
25.0000
Student Loans
7.2000
6.0000
6.0200
New Car Loans
3.1000
3.0000
3.3300
Used Car Loans
4.5000
4.2500
4.5000
1st Mortgage Real Estates
4.4000
4.0000
4.2500
Other Real Estates
3.3000
4.4700
4.7000

Palisades Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Palisades Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
Yes
View Account History
Yes
No

As a community financial institution, Palisades Federal Credit Union actively involves in local communities by prliding services such as financial education, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Nanuet
240 E Route 59
Nanuet, NY 10954-2905
Phone:845-602-4242

New City
244 S Main St
New City, NY 10956-3318
Phone:845-602-4242

Orangeburg
16 Orangetown Shopping Ctr
Orangeburg, NY 10962
Phone:845-602-4242

Pearl River
Main Office

300 N Middletown Rd Ste 6
Pearl River, NY 10965-1295
Phone:845-602-4242

(845) 602-4444

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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