MASHINIi

NorthEast Community Bancorp, Inc..

NECB.US | Other monetary intermediation

NorthEast Community Bancorp, Inc. operates as the holding company for NorthEast Community Bank that provides various banking products and services to individuals and businesses in New York and New Jersey. It offers deposit products, including checking, savings, and money market accounts, as well as ...Show More

Ethical Profile

Mixed.

NorthEast Community Bancorp, Inc.'s ethical standing is primarily shaped by its employee relations. While some reports suggest good health insurance and excellent benefits for employees earning under $50,000 annually, overall employee sentiment appears mixed. Employee reviews indicate an average rating of 2.7 out of 5 stars, notably below the financial services industry average of 3.7 stars. Only 42% of employees would recommend working at NECB. Critics point to concerns regarding poor management, alleged nepotism, and a potentially toxic atmosphere. Furthermore, reports suggest a potential compliance issue concerning HR's handling of employee pay and tax matters.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-20
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-30
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-30
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

0

No evidence available to assess NorthEast Community Bancorp, Inc. on Better Health for All.

Fair Money & Economic Opportunity

0

No evidence available to assess NorthEast Community Bancorp, Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

-20

Employee satisfaction is rated at 2.7 out of 5 stars, which translates to 54%, and 42% of employees would recommend working at the company.

1
Reviews are mixed, with some highlighting a "toxic abusive workplace," "no work-life balance," and "no room for growth," alongside complaints about "poor management," "nepotism," and "incompetent HR" leading to issues with pay stub accuracy and tax withholding.
2
Conversely, some reviews mention "friendly staff," an "inclusive work environment," "great work/life balance," and "good health insurance," particularly for those earning under $50,000 per year.
3

Fair Trade & Ethical Sourcing

0

No evidence available to assess NorthEast Community Bancorp, Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

-30

NorthEast Community Bancorp, Inc. had one financial restatement in the past five years, specifically a correction and replacement of its Q3 2021 results on November 2, 2021.

1
The company has a Code of Ethics and Business Conduct that applies to all employees, officers, and directors, designed to promote honest and ethical conduct and compliance with law.
2
However, there is no evidence of specific anti-corruption training frequency or effectiveness metrics.

Kind to Animals

0

No evidence available to assess NorthEast Community Bancorp, Inc. on Kind to Animals.

No War, No Weapons

0

No evidence was found in the provided articles regarding NECB.US's involvement in arms manufacturing, military contracts, conflict facilitation, or related ethical considerations. The articles discuss general issues related to conflict minerals and supply chain due diligence, but do not provide any specific information about NECB.US's operations, policies, or investments in these areas. Articles 3 and 4 were unavailable.

1
Therefore, no KPIs can be scored.

Planet-Friendly Business

0

The provided articles do not contain specific, quantitative data points for any of the 'Planet-Friendly Business' KPIs. Information available focuses on financial performance, general ESG risk ratings without specific metrics, or corporate overviews. There is no evidence regarding carbon emissions, renewable energy use, water consumption, green building certifications, waste diversion, or any climate-related initiatives or disclosures.

1

Respect for Cultures & Communities

0

No evidence available to assess NorthEast Community Bancorp, Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

-30

The company's privacy policy states that federal law allows consumers to limit some data sharing, but customers cannot limit sharing for everyday business purposes or marketing purposes.

1
The company also indicates that its security measures comply with federal law and that federal law requires it to disclose how personal information is collected, shared, and protected.
2

Zero Waste & Sustainable Products

-20

NECB.US has no specific regulatory actions, violations, fines, or compliance issues mentioned in the Sustainalytics report.

1

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.