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5 star rating based on 1 review.

Aspire Federal Credit Union

Aspire Federal Credit Union Locations
67 Walnut Ave
Clark, NJ 07066
732-388-0477
www.aspirefcu.org

Aspire Federal Credit Union is headquartered in CLARK and is the 14st largest credit union in the state of New Jersey. It is also the 896th largest credit union in the nation. It was established in 1948 and as of December of 2011, it had grown to 61 employees and 21,874 members. Aspire Federal Credit Union's money market rates are 70% higher than the national average, and it has a 3-star health rating.

Aspire Federal Credit Union Routing Number: 226076083

Related Posts

RCA Rate Drop (Forum) - 12/31/2011

Hi Everyone,   Today I just received an email from Aspire stating this RCA Rate Drop starting 1-1-2012. It is going from 2.51% to 1.51% 10K cap. I was keeping a few dollars there to see if the Rate would go up, I had transfered my money to a diff

Aspire FCU RCA Rate Drops To 2.51% (Forum) - 7/30/2011

 Hi Everyone, I got an email from Aspire yesterday telling me the rate for my RCA there was dropping to 2.51% starting August 1st. no other changes to the qualifications, still need 1 DD or ACH deposit in the monthly statement cycle, 12 debit card

Special 15-Month CD Rate at Aspire FCU in NJ, NY, NH and VA - 1/13/2011

Aspire Federal Credit Union is offering a 15-month certificate special with a 1.41% APY. Minimum deposit is $1,000. This special is listed in the credit union's rate sheet as of 1/13/2011. Last year a ...

3.51% Reward Checking Account at Aspire FCU - Available Nationwide - 1/15/2010

Aspire Federal Credit Union is offering a high-yield reward checking account called Kasasa Cash. It has the following rates and features if certain monthly requirements are met:3.51% APY on balances up to $25,0001.01% APY on portion of balance over...



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See Rates for: Checking | Savings | Money Market | CD

Aspire Federal Credit Union Checking Account Rates

ApyMinMaxProduct
1.51%-$10kKasasa Cash
0.25%$10k-Premier 10 Checking
0.25%$5k-Plus Checking

Aspire Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.51%-$10kKasasa Saver
0.10%$25k-Member Savings
0.10%$25k-Kids Count
0.10%$25k-Vacation Club
0.05%--Holiday Club

Aspire Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.75%$50k-Premier Advantage Money Market
0.35%$20k-Traditional Money Market Account
0.15%$10k-Money Market 2006

Aspire Federal Credit Union CD Rates

ApyMinMaxProduct
1.75%$500-60 Month eCertificate
1.50%$500-48 Month eCertificate
1.25%$500-36 Month eCertificate
1.05%$1k-15 Month eCertificate
1.00%$500-24 Month eCertificate
0.75%$500-18 Month eCertificate
0.65%$500-12 Month eCertificate
0.50%$500-6 Month eCertificate
0.25%$500-3 Month eCertificate

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


ASPIRE
NCUA #5800
BankRate ReportView
Year Chartered1948
Employees61
Primary Regulator

Assets and Liabilities

Assets$188.98 million
Loans$128.71 million
Deposits$170.07 million
Equity Capital$15.36 million
Loan Loss Allowance$964,000
Unbacked Noncurrent Loans$2.63 million
Real Estate Owned$1.07 million

Historic Data - December 2010

Assets$188.23 million
Equity Capital$15.78 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$3.52 million

Profit Margin - Quarterly

Net Interest Margin5.4%
Return on Assets0.11%
Return on Equity1.39%
Interest Income$8.46 million
Non-Interest Income$2.56 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Aspire Federal Credit Union had $3.7 million in non-current loans and owned real-estate with $16.32 million in equity and loan loss allowances on hand to cover it. This gives Aspire Federal Credit Union a Texas Ratio of 22.69% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Aspire Federal Credit Union held steady from 20.88% as of December 31, 2010 to 22.69% as of December 31, 2011, resulting in a negative change of 8.66%. This indicates that the balance sheet and financial strength for Aspire Federal Credit Union has held steady in recent periods.
Deposit Growth3
In the past year, Aspire Federal Credit Union has increased its total deposits by $1.22 million, resulting in 0.72% 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 Aspire Federal Credit Union has shown is average.
Capitalization3
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. Aspire Federal Credit Union has $188.98 million in assets with $16.32 million in equity, resulting in a capitalization level of 8.64%, which is average.
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Aspire FCU--Great Rewards Checking Rate, BETTER Customer Service!
5 stars - jep1960 - Friday, June 24, 2011 - 10:28 PM

 I have been a member since last summer. Great CU! When I lost my wallet last year, they replaced my ATM/Debit card,(no fee!) AND waived the debit card requirement for that month because I was without the card. Shared Branching is GREAT! I go to my old CU, (DCU) and am treated like I was still their depositer! Deposits get credited quick,( I check online after leaving the DCU), at first I used the ATM fee refund, but now, I just use DCU's ATM, and that is free. ATM fee refunds are unlimited, if the fee is over $5, they want you to fax them a copy of the reciept, but other than that you get back the fees. The nearest branch to me is in New Hampshire, but I never use it. It's so quick and easy to use Shared Branching, and there are so MANY Shared Branches. Who needs BOA, or Chase!...LOL Whoever dreamed up Shared Branching is a GENIUS! Why would any CU NOT be a member? I pity the people who bank at the big TBTF banks, because they want alot of branches to go to. Get an RCA at a CU Service Center CU, get PAID to bank AND have alot of Branches to choose from!!

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