Credit Union Of New Jersey

Credit Union Of New Jersey is headquartered in Ewing and is the 6^th largest credit union in the state of New Jersey. It is also the 643^rd largest credit union in the nation. It was established in 1943 and as of December of 2012, it had grown to 92 employees and 43,375 members. Credit Union Of New Jersey's money market rates are 2X the national average, and it has a 3-star health rating.

Credit Union Of New Jersey Routing Number: 231278614

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Data for Q4 2012

Institution Statistics CREDIT UNION OF NEW JERSEY NCUA # 65597 BankRate Report View Year Chartered 1943 Employees 92 Primary Regulator Assets and Liabilities Assets $311.39 million Loans $245.83 million Deposits $287.12 million Equity Capital $22.77 million Loan Loss Allowance $2.32 million Unbacked Noncurrent Loans $5.66 million Historic Data - December 2011 Assets $297.64 million Equity Capital $21.69 million Loan Loss Allowance $1.93 million Unbacked Noncurrent Loans $4.82 million Real Estate Owned $239,000 Profit Margin - Quarterly Net Interest Margin 4.53% Return on Assets 0.34% Return on Equity 4.7% Interest Income $13.26 million Non-Interest Income $6.62 million

Institution Health Overall Score: 3 out of 5 Texas Ratio 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, 2012 Credit Union Of New Jersey had $5.66 million in non-current loans and owned real-estate with $25.1 million in equity and loan loss allowances on hand to cover it. This gives Credit Union Of New Jersey a Texas Ratio of 22.54% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Credit Union Of New Jersey held steady from 21.42% as of December 31, 2011 to 22.54% as of December 31, 2012, resulting in a negative change of 5.23%. This indicates that the balance sheet and financial strength for Credit Union Of New Jersey has held steady in recent periods. Deposit Growth In the past year, Credit Union Of New Jersey has increased its total deposits by $12.66 million, resulting in 4.61% 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 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 $311.39 million in assets with $25.1 million in equity, resulting in a capitalization level of 8.06%, which is average.