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800-624-3312
29 Emmons Drive, Suite C-40
Princeton, NJ 08540

Healthcare Employees Credit Union is headquartered in Princeton and is the 29th largest credit union in the state of New Jersey. It is also the 1,526th largest credit union in the nation. It was established in 1984 and as of December of 2013, it had grown to 18 employees and 19,428 members. Healthcare Employees Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee of an organization that belongs to any of the following trade associations: the New Jersey Hospital Association, New Jersey Association of Non-Profit Homes for Aging, Inc., New Jersey Association of Health Care Facilities or Home Health Agency Assembly of New Jersey. - See Details

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Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Healthcare Employees Credit Union has a relatively low asset base.

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 Healthcare Employees Credit Union had $1.85 million in non-current loans and owned real-estate with $7.7 million in equity and loan loss allowances on hand to cover it. This gives Healthcare Employees Credit Union a Texas Ratio of 24.04% 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 Healthcare Employees Credit Union increased slightly from 15.08% as of December 31, 2012 to 24.04% as of December 31, 2013, resulting in a negative change of 59.45%. This indicates that the balance sheet and financial strength for Healthcare Employees Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Healthcare Employees Credit Union has increased its total deposits by $5.44 million, resulting in 6.56% 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 Healthcare Employees 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. Healthcare Employees Credit Union has $96.25 million in assets with $7.7 million in equity, resulting in a capitalization level of 7.99%, which is below average.

Institution Statistics

Overall
NCUA #24150
Year Chartered1984
Employees18
Primary Regulator
Assets and Liabilities
Assets$96.25 million
Loans$50.01 million
Deposits$88.33 million
Equity Capital$7.46 million
Loan Loss Allowance$240,000
Unbacked Noncurrent Loans$1.54 million
Real Estate Owned$312,000
Historic Data - December 2012
Assets$90.60 million
Equity Capital$7.45 million
Loan Loss Allowance$176,000
Unbacked Noncurrent Loans$1.54 million
Real Estate Owned$23,000
Profit Margin - Quarterly
Net Interest Margin3.86%
Return on Assets0.1%
Return on Equity1.3%
Interest Income$2.45 million
Rates
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Healthcare Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$500-Savings Account
0.15%$500-Holiday Club
0.15%$500-IRA Savings
0.15%$500-Vacation Club

Healthcare Employees Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Checking

Healthcare Employees Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Free Checking
Locations


Healthcare Employees Credit Union Locations
Branch Office29 Emmons Dr Ste C40Princeton, NJ 08540-5971