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Overview / Commentary
609-538-4061
1301 Parkway Ave
Ewing, NJ 08628

Credit Union Of New Jersey is headquartered in Ewing and is the 5th largest credit union in the state of New Jersey. It is also the 645th largest credit union in the nation. It was established in 1943 and as of December of 2013, it had grown to 91 employees and 43,606 members. Credit Union Of New Jersey's money market rates are 48% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

If you work for the State of New Jersey, a state agency, commission or authority or any of Credit Union of New Jersey's select groups, you are eligible for membership. Retirees of these organizations and family members related by blood or marriage (aunts, uncles, grandparents, cousins, in-laws) can also join. In addition, if you live, work, attend school or worship in Ewing Township; or live in parts of Burlington County or Trenton, you are also eligible for membership in Credit Union of New Jersey. - See Details

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Reviews (1)

Hidden Fees

I opened this account for a pre approved car loan.  Was told only needed $100 balance.  After the dealer gave me a better interest rate I declined the loan.  Should have told me then that I would be charged $5 per month.  They didn't.  I didn't realize until my $100 shrunk to $75.  Crooks!



Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C+

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, 2013 Credit Union Of New Jersey had $5.66 million in non-current loans and owned real-estate with $25.25 million in equity and loan loss allowances on hand to cover it. This gives Credit Union Of New Jersey a Texas Ratio of 22.42% which is 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 Credit Union Of New Jersey experienced no significant changes from 22.54% as of December 31, 2012 to 22.42% as of December 31, 2013, resulting in a positive change of 0.51%.This indicates that the balance sheet and financial strength for Credit Union Of New Jersey has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Credit Union Of New Jersey has increased its total deposits by $8.18 million, resulting in 2.85% 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 Credit Union Of New Jersey has shown is above average.

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. Credit Union Of New Jersey has $320.17 million in assets with $25.25 million in equity, resulting in a capitalization level of 7.89%, which is below average.

Institution Statistics

Overall
NCUA #65597
Year Chartered1943
Employees91
Primary Regulator
Assets and Liabilities
Assets$320.17 million
Loans$272.41 million
Deposits$295.29 million
Equity Capital$23.31 million
Loan Loss Allowance$1.94 million
Unbacked Noncurrent Loans$5.39 million
Real Estate Owned$270,000
Historic Data - December 2012
Assets$311.39 million
Equity Capital$22.77 million
Loan Loss Allowance$2.32 million
Unbacked Noncurrent Loans$5.39 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.95%
Return on Assets0.25%
Return on Equity3.43%
Interest Income$12.57 million
Rates

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

Credit Union Of New Jersey Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$200-IRA Share
0.25%$200-Roth IRA Share
0.25%$200-CESA Share
0.10%$10k-Regular Share Account
0.10%$10k-Business Share Account
0.05%--Holiday Club
0.05%--Vacation Club
0.05%--Summer Savings Club
0.05%--Young Savers Club

Credit Union Of New Jersey Money Market Rates

DetailsAPYMINMAXPRODUCT
0.65%$500k-Business Elite Money Market
0.30%$250k-Elite Money Market
0.20%$25k-Premier Money Market
0.15%$10k-Tiered Money Market
0.15%$25k-Premier Business Money Market

Credit Union Of New Jersey Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Interest Checking Account
0.05%--Senior Checking Account
0.05%$1k-Better Business Checking

Credit Union Of New Jersey CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$100k-5 Year Basic Share Certificate
0.80%$100k-5 Year Business Share Certificate
0.70%$100k-4 Year Basic Share Certificate
0.70%$100k-4 Year Business Share Certificate
0.60%$100k-3 Year Basic Share Certificate
0.60%$100k-3 Year Business Share Certificate
0.50%$100k-2 Year Basic Share Certificate
0.50%$100k-2 Year Business Share Certificate
0.40%$100k-18 Month Basic Share Certificate
0.40%$100k-18 Month Business Share Certificate
0.35%$100k-1 Year Basic Share Certificate
0.35%$100k-1 Year Business Share Certificate
0.20%$100k-6 Month Basic Share Certificate
0.20%$100k-6 Month Business Certificate
0.15%$100k-3 Month Basic Share Certificate
0.15%$100k-3 Month Business Share Certificate

Credit Union Of New Jersey IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$100k-5 Year Basic IRA Certificate (Traditional,Roth,CESA)
0.70%$100k-4 Year Basic IRA Certificate (Traditional,Roth,CESA)
0.60%$100k-3 Year Basic IRA Certificate (Traditional,Roth,CESA)
0.50%$100k-2 Year Basic IRA Certificate (Traditional,Roth,CESA)
0.40%$100k-18 Month Basic IRA Certificate (Traditional,Roth,CESA)
0.35%$100k-1 Year Basic IRA Certificate (Traditional,Roth,CESA)
Locations


Credit Union Of New Jersey Locations
Branch OfficeRosedale RdPrinceton, NJ 08541-0001
Branch Office900 Parkway AveEwing, NJ 08618-2308
Branch Office4364 Route 130 Ste FWillingboro, NJ 08046-1461
Branch Office12 E Lafayette StTrenton, NJ 08608
Branch Office1 John Fitch Plz Labor and Industry BuildingTrenton, NJ 08611-1760
Branch Office1035 Parkway AveEwing, NJ 08618-2309
Branch Office1301 Parkway AveEwing, NJ 08628