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800-225-1859
690 Beverly Rancocas Road
Willingboro, NJ 08046

ABCO Federal Credit Union is headquartered in Willingboro and is the 14st largest credit union in the state of New Jersey. It is also the 890th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 77 employees and 48,514 members. ABCO Federal Credit Union has a B health rating.

Field of Membership Restrictions

Eligible members are those working in certain professions, for select employer groups or live in certain communities. Also, members of the American Consumer Council (ACC) are eligible. - See Details

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Reviews (1)

Great Rate, Rough Online Presence

 a note for anyone chasing rates on their rewards checking:
Their online banking system has to be one of the most archaic I've ever encountered. It is about 20 years from the past, and features a hodge podge of 3 rd party modules for bill payment and statements.

If you are there to make your purchases and get your rewards, you can live with it, but making it your actual bank would be unlikely for anyone more civilized.
Bank to Bank transfers don't exist but you can trick bill payment into letting them out bound through, although they take longer as it requires the receiving bank to do some manual legwork to match it up to your account.

I was able to sign up via postal mail fairly easily. First month reward requirements are waived, so you may want to time your account opening towards the first of the month as it may take a bit for your direct deposit to transfer. If you sign up the last week of the month, that is your waived month, and doing it through the mail takes longer so you may have trouble getting everything set up by the next month.



Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 ABCO Federal Credit Union had $2.12 million in non-current loans and owned real-estate with $16.61 million in equity and loan loss allowances on hand to cover it. This gives ABCO Federal Credit Union a Texas Ratio of 12.77% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for ABCO Federal Credit Union increased slightly from 7.70% as of March 31, 2013 to 12.77% as of March 31, 2014, resulting in a negative change of 65.95%. This indicates that the balance sheet and financial strength for ABCO Federal Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, ABCO Federal Credit Union has increased its total deposits by $18.55 million, resulting in 10.31% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth ABCO Federal Credit Union has shown is excellent.

Capitalization

GRADE:
C-

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. ABCO Federal Credit Union has $214.99 million in assets with $16.61 million in equity, resulting in a capitalization level of 7.73%, which is below average.

Institution Statistics

Overall
NCUA #12679
Year Chartered1958
Employees77
Primary Regulator
Assets and Liabilities
Assets$214.99 million
Loans$132.06 million
Deposits$198.48 million
Equity Capital$15.33 million
Loan Loss Allowance$1.28 million
Unbacked Noncurrent Loans$2.00 million
Real Estate Owned$120,000
Historic Data - March 2013
Assets$197.29 million
Equity Capital$15.55 million
Loan Loss Allowance$1.29 million
Unbacked Noncurrent Loans$2.00 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets0.25%
Return on Equity3.57%
Interest Income$1.93 million
Rates

Always verify rates and promotions with the bank or credit union. We are not ABCO Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

ABCO Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$25k-IRA share Savings
0.05%$100-Share Savings
0.05%--Summer Pay Club
0.05%--Christmas Club
0.05%--Summer Vacation Club
0.05%--Winter Vacation Club

ABCO Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market Savings

ABCO Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.76%-$25kPremiere Checking - Qualifying
0.05%--Premiere Checking - Non Qualifying

ABCO Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$100k-60 Month CD
0.95%$100k-48 Month CD
0.75%$100k-36 Month CD
0.55%$100k-24 Month CD
0.35%$100k-12 Month CD
0.25%$100k-6 Month CD

ABCO Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$100k-60 Month IRA CD
0.95%$100k-48 Month IRA CD
0.75%$100k-36 Month IRA CD
0.55%$100k-24 Month IRA CD
0.35%$100k-12 Month IRA CD
0.25%$100k-6 Month IRA CD
Locations


ABCO Federal Credit Union Locations
Branch Office690 Beverly Rancocas RoadWillingboro, NJ 08046
Branch Office76R High StMount Holly, NJ 08060
Branch Office2652 Atlantic AveAtlantic City, NJ 08401
Branch Office215 Main StRancocas, NJ 08073
Branch Office1 Cooper PlzCamden, NJ 08103-1461
Branch Office6716 Black Horse Pike Suite 8Egg Harbor Twp, NJ 08234
Branch Office81 Pemberton Browns Mill RdBrowns Mills, NJ 08015-3108
Branch Office2083 Lawrenceville RdLawrenceville, NJ 08648-3001
Branch Office870 Delsea Dr NGlassboro, NJ 08028-1438