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Overview / Commentary
908-862-6966
360 N Wood Ave
Linden, NJ 07036

Motion Credit Union is headquartered in Linden and is the 31st largest credit union in the state of New Jersey. It is also the 1,693rd largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 21 employees and 8,131 members. Motion Credit Union has a C- health rating.

Field of Membership Restrictions

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Health

Data for Q1 2014

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. Motion Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
C+

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 Motion Credit Union had $1.55 million in non-current loans and owned real-estate with $5.46 million in equity and loan loss allowances on hand to cover it. This gives Motion Credit Union a Texas Ratio of 28.42% 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 Motion Credit Union increased slightly from 18.51% as of March 31, 2013 to 28.42% as of March 31, 2014, resulting in a negative change of 53.53%. This indicates that the balance sheet and financial strength for Motion Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Motion Credit Union has decreased its total deposits by -$2.38 million, resulting in -2.93% 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 Motion Credit Union has shown is below average.

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. Motion Credit Union has $84.74 million in assets with $5.46 million in equity, resulting in a capitalization level of 6.45%, which is below average.

Institution Statistics

Overall
NCUA #53
Year Chartered1934
Employees21
Primary Regulator
Assets and Liabilities
Assets$84.74 million
Loans$55.94 million
Deposits$78.80 million
Equity Capital$5.20 million
Loan Loss Allowance$267,000
Unbacked Noncurrent Loans$1.32 million
Real Estate Owned$230,000
Historic Data - March 2013
Assets$87.36 million
Equity Capital$5.32 million
Loan Loss Allowance$289,000
Unbacked Noncurrent Loans$1.32 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.15%
Return on Assets0.06%
Return on Equity1%
Interest Income$735,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Motion Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Motion Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Holiday Club
0.10%--Vacation Club
0.10%--IRA Savings
0.10%--Roth IRA Savings
0.10%--CESA Savings
0.05%--Regular Share

Motion Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Money Market Account

Motion Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%--Share Draft

Motion Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%--60 Month Share Certificate
0.35%--48-59 Month Share Certificate
0.25%--36-47 Month Share Certificate
0.20%--24-35 Month Share Certificate
0.15%--18-23 Month Share Certificate
0.12%--12-17 Month Share Certificate
0.09%--6-11 Month Share Certificate
0.07%--3-5 Month Share Certificate

Motion Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.55%--60 Month IRA Share Certificate
0.40%--48-59 Month IRA Share Certificate
0.30%--36-47 Month IRA Share Certificate
0.25%--24-35 Month IRA Share Certificate
0.20%--18-23 Month IRA Share Certificate
0.17%--12-17 Month IRA Share Certificate
0.14%--6-11 Month IRA Share Certificate
Locations


Motion Credit Union Locations
Branch Office1380 Jersey AveNorth Brunswick, NJ 08902
Branch Office360 N Wood AveLinden, NJ 07036
Branch Office1545 US Highway 22 EAnnandale, NJ 088013096
Branch Office1900 E Linden AveLinden, NJ 07036-1133
Branch Office1400 S Park AveLinden, NJ 07036
Branch Office1400 S Park AveLinden, NJ 07036-1610