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Overview / Commentary
711 Union Blvd.
Totowa, NJ 07512

North Jersey Credit Union is headquartered in Totowa and is the 13st largest credit union in the state of New Jersey. It is also the 876th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 60 employees and 31,822 members. North Jersey Credit Union has a B health rating.

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Data for Q4 2013

Institution Health


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, 2013 North Jersey Credit Union had $3.77 million in non-current loans and owned real-estate with $22.96 million in equity and loan loss allowances on hand to cover it. This gives North Jersey Credit Union a Texas Ratio of 16.41% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for North Jersey Credit Union experienced no significant changes from 16.82% as of December 31, 2012 to 16.41% as of December 31, 2013, resulting in a positive change of 2.45%.This indicates that the balance sheet and financial strength for North Jersey Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, North Jersey Credit Union has decreased its total deposits by -$2.33 million, resulting in -1.22% 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 North Jersey Credit Union has shown is average.



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. North Jersey Credit Union has $212.99 million in assets with $22.96 million in equity, resulting in a capitalization level of 10.78%, which is above average.

Institution Statistics

NCUA #1015
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$212.99 million
Loans$95.84 million
Deposits$188.47 million
Equity Capital$21.27 million
Loan Loss Allowance$1.69 million
Unbacked Noncurrent Loans$3.44 million
Real Estate Owned$323,000
Historic Data - December 2012
Assets$214.62 million
Equity Capital$21.45 million
Loan Loss Allowance$1.26 million
Unbacked Noncurrent Loans$3.44 million
Real Estate Owned$400,000
Profit Margin - Quarterly
Net Interest Margin5.98%
Return on Assets0.05%
Return on Equity0.5%
Interest Income$7.12 million

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North Jersey Credit Union Locations
Branch Office126 Market StPaterson, NJ 07505
Branch Office711 Union BlvdTotowa, NJ 07512-2207
Branch Office61 Morris AveGarfield, NJ 07026
Branch Office588 Martin Luther King Jr BlvdNewark, NJ 07102
Branch Office30 Bergen St 1102 Administrative ComplexNewark, NJ 07107-3000