First Atlantic Credit Union

First Atlantic Credit Union is headquartered in EATONTOWN and is the 11^st largest credit union in the state of New Jersey. It is also the 787^th largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 56 employees and 27,396 members. First Atlantic Credit Union has a 3-star health rating.

First Atlantic Credit Union Checking Account Rates

First Atlantic Credit Union Savings Account Rates

First Atlantic Credit Union Money Market Rates

First Atlantic Credit Union CD Rates

First Atlantic Credit Union IRA Rates

Data for Q4 2011

Institution Statistics FIRST ATLANTIC NCUA # 82 BankRate Report View Year Chartered 1935 Employees 56 Primary Regulator Assets and Liabilities Assets $228.93 million Loans $113.00 million Deposits $208.79 million Equity Capital $17.27 million Loan Loss Allowance $1.10 million Unbacked Noncurrent Loans $2.93 million Historic Data - December 2010 Assets $226.71 million Equity Capital $16.42 million Loan Loss Allowance $1.30 million Unbacked Noncurrent Loans $2.78 million Profit Margin - Quarterly Net Interest Margin 5.01% Return on Assets 0.39% Return on Equity 5.19% Interest Income $7.07 million Non-Interest Income $2.23 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, 2011 First Atlantic Credit Union had $2.93 million in non-current loans and owned real-estate with $18.37 million in equity and loan loss allowances on hand to cover it. This gives First Atlantic Credit Union a Texas Ratio of 15.96% 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 First Atlantic Credit Union held steady from 15.68% as of December 31, 2010 to 15.96% as of December 31, 2011, resulting in a negative change of 1.78%. This indicates that the balance sheet and financial strength for First Atlantic Credit Union has held steady in recent periods. Deposit Growth In the past year, First Atlantic Credit Union has increased its total deposits by $1.56 million, resulting in 0.75% 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 First Atlantic Credit Union has shown is 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. First Atlantic Credit Union has $228.93 million in assets with $18.37 million in equity, resulting in a capitalization level of 8.02%, which is average.

No reviews have been left for this bank yet. Be the first to review.