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Overview / Commentary
856-696-0767
37 W Landis Ave
Vineland, NJ 08360-8122

Members 1st of NJ FCU is headquartered in Vineland and is the 45th largest credit union in the state of New Jersey. It is also the 2,285th largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 17 employees and 7,226 members. Members 1st of NJ FCU has a B+ health rating.

Field of Membership Restrictions

If you are an employee of one of our Member Organization select employer groups, retired from a group, or are an immediate family member of a group employee, you can become a credit union member. - See Details

Reviews (1)

Customer Service Needs Improvement

Customer service representatives need a little more training in communications with their customer.



Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Members 1st of NJ FCU has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 Members 1st of NJ FCU had $270,000 in non-current loans and owned real-estate with $4.16 million in equity and loan loss allowances on hand to cover it. This gives Members 1st of NJ FCU a Texas Ratio of 6.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Members 1st of NJ FCU experienced no significant changes from 6.16% as of March 31, 2013 to 6.49% as of March 31, 2014, resulting in a negative change of 5.25%. This indicates that the balance sheet and financial strength for Members 1st of NJ FCU has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Members 1st of NJ FCU has increased its total deposits by $1.47 million, resulting in 3.27% 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 Members 1st of NJ FCU 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. Members 1st of NJ FCU has $50.55 million in assets with $4.16 million in equity, resulting in a capitalization level of 8.24%, which is average.

Institution Statistics

Overall
NCUA #2574
Year Chartered1938
Employees17
Primary Regulator
Assets and Liabilities
Assets$50.55 million
Loans$25.13 million
Deposits$46.55 million
Equity Capital$4.04 million
Loan Loss Allowance$122,000
Unbacked Noncurrent Loans$270,000
Real Estate Owned$0
Historic Data - March 2013
Assets$48.87 million
Equity Capital$3.99 million
Loan Loss Allowance$201,000
Unbacked Noncurrent Loans$270,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.62%
Return on Assets-0.3%
Return on Equity-3.76%
Interest Income$461,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Members 1st of NJ FCU, we are a rate comparison website and can not provide official rates or promotions.

Members 1st of NJ FCU Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-IRA Savings
0.05%$100-Share Savings
0.05%--Christmas Club
0.05%--Vacation Club
0.05%--Summer Savings Club

Members 1st of NJ FCU Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Money Market Account

Members 1st of NJ FCU Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$300-Checking Account

Members 1st of NJ FCU CD Rates

DetailsAPYMINMAXPRODUCT
1.01%$1k-60 Month CD
0.65%$1k-36 Month CD
0.55%$1k-18 Month CD
0.55%$1k-24 Month CD
0.30%$1k-12 Month CD
0.20%$500-6 Month CD

Members 1st of NJ FCU IRA Rates

DetailsAPYMINMAXPRODUCT
1.01%$1k-60 Month IRA
0.65%$1k-36 Month IRA
0.55%$1k-18 Month IRA
0.55%$1k-24 Month IRA
0.30%$1k-12 Month IRA
0.20%$500-6 Month IRA
Locations


Members 1st of NJ FCU Locations
Branch Office37 W Landis AveVineland, NJ 08360-8122
Branch Office9 N Main StWoodstown, NJ 08098
Branch Office28A Cornwell DrBridgeton, NJ 08302