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Overview / Commentary
29 Emmons Dr Ste C40
Princeton, NJ 08540-5971

Healthcare Employees Credit Union is headquartered in Princeton and is the 28th largest credit union in the state of New Jersey. It is also the 1,520th largest credit union in the nation. It was established in 1984 and as of March of 2014, it had grown to 18 employees and 19,338 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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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Healthcare Employees Credit Union had $1.83 million in non-current loans and owned real-estate with $7.78 million in equity and loan loss allowances on hand to cover it. This gives Healthcare Employees Credit Union a Texas Ratio of 23.51% 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 Healthcare Employees Credit Union increased slightly from 14.67% as of March 31, 2013 to 23.51% as of March 31, 2014, resulting in a negative change of 60.28%. This indicates that the balance sheet and financial strength for Healthcare Employees Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Healthcare Employees Credit Union has increased its total deposits by $5.1 million, resulting in 5.86% 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.



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 $100.22 million in assets with $7.78 million in equity, resulting in a capitalization level of 7.77%, which is below average.

Institution Statistics

NCUA #24150
Year Chartered1984
Primary Regulator
Assets and Liabilities
Assets$100.22 million
Loans$51.22 million
Deposits$92.08 million
Equity Capital$7.57 million
Loan Loss Allowance$218,000
Unbacked Noncurrent Loans$1.53 million
Real Estate Owned$305,000
Historic Data - March 2013
Assets$94.80 million
Equity Capital$7.49 million
Loan Loss Allowance$178,000
Unbacked Noncurrent Loans$1.53 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.99%
Return on Assets0.34%
Return on Equity4.55%
Interest Income$636,000
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Healthcare Employees Credit Union Savings Account Rates

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

0.25%$100k-Money Market Checking

Healthcare Employees Credit Union Checking Account Rates

0.05%$1k-Free Checking

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