TEG 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

1 Commerce Street, Poughkeepsie, NY 12603

Website

(845) 452-7323

Data Source: NCUA, December 31, 2016


TEG Federal Credit Union was founded in 1969. Headquartered in Poughkeepsie, New York, TEG 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). TEG 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, TEG Federal Credit Union services 29,074 members through its 7 offices and branches and 92 full-time and 10 part-time employees. It has $263,837,475 of total assets and $22,272,957 of net worth. Based on its asset size and net worth ratio, TEG Federal Credit Union is classified as a Well Capitalized medium large credit union.

TEG 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. TEG 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 TEG 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
0.0000
0.0000
0.0000
Savings
0.1100
0.1500
0.1200
Money Market
0.3400
0.2500
0.2500
Certificate Deplit
1.4900
0.6000
0.5800
IRA
1.5500
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of New York
National Median Rates
Credit Cards
9.3100
9.9000
9.9900
Unsecured Line of Credits
11.4700
9.9400
10.9500
Short-term Small Amount
n/a
24.0000
25.0000
Student Loans
n/a
6.0000
6.0200
New Car Loans
5.9900
3.0000
3.3300
Used Car Loans
6.7100
4.2500
4.5000
1st Mortgage Real Estates
4.7200
4.0000
4.2500
Other Real Estates
4.4700
4.4700
4.7000

TEG 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 TEG Federal Credit Union.

Electronic Banking Service Offerings

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

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

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Beekman Office
2540 Route 55
Poughquag, NY 12570
Phone:845-452-7323

College Center Branch
11 Marist Dr Suite 5
Poughkeepsie, NY 12601
Phone:845-452-7323

Hyde Park Office
4282 Albany Post Rd
Hyde Park, NY 12538
Phone:845-452-7323

Newburgh Branch
16 N Plank Rd Ste 105
Newburgh, NY 12550
Phone:845-452-7323

TEG Fcu
Main Office

1 Commerce St
Poughkeepsie, NY 12603
Phone:845-452-7323

Wappingers Falls Office
900 Route 376
Wappingers Falls, NY 12590
Phone:845-452-7323

Wappingers Rt. 9
1145 Route 9
Wappingers Falls, NY 12590
Phone:845-452-7323

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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