Business Details
50+ Years
experience
Your Trusted Partner for Financial Solutions in Long Island, NY
We are Teachers Federal Credit Union, a member-owned financial institution with 73 years of experience serving individuals and businesses nationwide. Founded by Long Island educators, we prioritize our members' financial well-being through competitive products, personalized service, and community engagement. Our offerings include high-yield checking accounts, savings certificates, mortgage solutions, and business lending programs designed to meet diverse financial needs. As a not-for-profit credit union, we deliver lower loan rates, reduced fees, and higher savings yields compared to traditional banks. Our team of experienced professionals provides localized expertise, particularly in Long Island and surrounding regions, while maintaining digital banking tools for nationwide accessibility. With $9.9 billion in assets and 31 branches, we combine technological innovation with personalized financial education to help members achieve their goals.Our commitment to community is demonstrated through initiatives like sponsoring breast cancer awareness programs and supporting financial literacy workshops. We operate under federal insurance through NCUA and maintain a culture of trust, innovation, and member-first service across all operations.
Services
Personal Banking
Business Banking
Mortgage Loans
Vehicle Financing
IRAs
Digital Payments
Commercial Lending
Financial Education
Online Banking
ATM Network
Details
- Year established: 1952
Highlights and features
- 73 years of experience serving Long Island and nationwide members
- Member-owned structure ensures lower rates and fees
- High-yield Smart Checking with 2.50% APY available
- Localized business lending expertise with regional market knowledge
- Comprehensive financial education resources and workshops
Associations and certifications
- NCUA
What people say
2.50% APY
Responsive loan service
Knowledgeable staff
No monthly fees
Financial education resources
Services
Smart Checking
Our Smart Checking account offers 2.50% APY on balances up to $15,000 with no monthly service fees. This high-yield solution includes ATM fee rebates, mobile check deposit, and secure online banking. Designed for members seeking competitive returns, it requires direct deposit and debit card usage to qualify for premium rates.
Mortgage Loans
We provide comprehensive mortgage solutions including conventional loans, VA loans, and home equity products. Our local experts guide members through the home buying process with personalized advice and competitive rates. Digital tools and in-person consultations ensure seamless mortgage experiences for first-time buyers and seasoned homeowners alike.
Business Banking
Our business banking division offers checking accounts, credit lines, equipment financing, and merchant services tailored to Long Island businesses. Experienced officers provide localized expertise with access to nationwide resources. Services include payroll solutions, business credit cards, and commercial real estate financing options for growing enterprises.
IRAs
We offer Traditional, Roth, and Coverdell IRAs with competitive rates and tax advantages. Our financial specialists help members plan for retirement through personalized investment strategies and educational workshops. Account options include various term certificates and money market products designed for long-term growth.
Digital Payments
Our digital payment platform includes bill pay, mobile check deposit, loan payments, and digital wallet integration. The mobile app enables 24/7 account management with security features like biometric login and transaction alerts. These tools provide convenient, secure access to financial management for members nationwide.
People
Gary Frisina
Business Development Officer
With 25+ years in business banking, Gary specializes in commercial lending solutions. He joined Teachers in 2010 after senior roles at major banks, focusing on relationship growth and financial strategy for business members.
Andy Chang
Commercial Loan Officer
Andy brings 25 years of mortgage experience, previously doubling Melrose Credit Union's commercial portfolio. He specializes in expanding business services across Long Island and the tri-state area since joining Teachers in 2018.
Dominick Sala
Business Development Representative
With 15 years in retail banking, Dominick focuses on business lending solutions including credit lines and commercial loans. He joined Teachers in 2021, leveraging his experience to support local business growth.
Questions
How do I qualify for the Smart Checking 2.50% APY?
Maintain $5,000 average monthly balance, $20,000 in combined deposits, or direct deposits of $500+ with 10 monthly debit purchases.
What mortgage options are available?
We offer conventional mortgages, VA loans, adjustable-rate mortgages, and home equity loans with competitive rates and personalized guidance.
Can non-educators join Teachers Federal Credit Union?
Yes, we serve anyone nationwide through our open charter, with membership starting at $1 in a savings account.
What business services do you offer?
Our business services include checking accounts, credit lines, equipment financing, merchant services, and commercial real estate loans with local expertise.
How can I access digital banking features?
Download our mobile app or enroll in online banking to access bill pay, mobile deposits, account transfers, and digital wallet integration.
What retirement account options exist?
We offer Traditional IRAs, Roth IRAs, and Coverdell Education Savings Accounts with tax advantages and investment growth opportunities.
