1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Pinnacle Federal Credit Union

135 Raritan Center Parkway
Edison, NJ 08837
(732) 225-1505
www.pinnaclefcu.com

NCUA


Pinnacle Federal Credit Union is headquartered in Edison and is the 20th largest credit union in the state of New Jersey. It is also the 1,127th largest credit union in the nation. It was established in 1962 and as of December of 2012, it had grown to 35 employees and 25,908 members. Pinnacle Federal Credit Union has a 3-star health rating.

Related Posts

Top 5-Year CD Rate at Pinnacle Federal Credit Union in NJ - Easy Membership - 10/16/2012

There's another easy-to-join credit union that is offering a 2% CD. It's Pinnacle Federal Credit Union , and the CD has a 2.00% APY and a 5-year term. It's also available as an IRA. Minimum deposit is ...

4.00% 18-Month CD at Pinnacle Federal Credit Union in NJ - Easy Membership - 2/5/2009

Update 2/11/09: The CD rate has fallen. Please check with the credit union for the latest rates.Pinnacle Federal Credit Union is offering a special 4.00% APY 18-month share certificate. Minimum deposit is $500. The 4% requires a checking account with...

3.30% Reward Checking Account at a New Jersey Credit Union (Pinnacle) - 6/30/2008

Update 6/07/09: The top yield has fallen to 3.30% APY. Refer to the bottom of the post for the rate history.Pinnacle FCU is offering a rewards checking account that pays 3.30% APY on balances up to $30,000 (1.01% for above) and refunds ATM fees of up to...



See Rates for: Checking | Savings | Money Market | CD | IRA

Pinnacle Federal Credit Union Checking Account Rates

ApyMinMaxProduct
0.05%--Choice Checking
0.05%$100-Premier Checking 55 Plus

Pinnacle Federal Credit Union Savings Account Rates

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0.25%$50-IRA Share Savings
0.25%--Youth Savings
0.25%$50-Roth IRA Share Savings
0.25%$50-CESA Share Savings
0.05%$100-Share Savings
0.05%$100-Vacation Club
0.05%$100-Holiday Club

Pinnacle Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.30%$50k-Money Market Gold Account
0.15%$20k-Money Market Investment Account

Pinnacle Federal Credit Union CD Rates

ApyMinMaxProduct
1.30%$500-60 Month CD
1.00%$500-48 Month CD
0.70%$500-24 Month CD
0.70%$500-24 Month Youth CD
0.70%$500-36 Month CD
0.40%$500-18 Month CD
0.30%$500-12 Month CD
0.30%$500-6 Month CD

Pinnacle Federal Credit Union IRA Rates

ApyMinMaxProduct
1.30%$500-60 Month IRA
1.30%$500-60 Month Roth IRA
1.30%$500-60 Month CESA
1.00%$500-48 Month IRA
1.00%$500-48 Month Roth IRA
1.00%$500-48 Month CESA
0.70%$500-18 Month IRA
0.70%$500-24 Month IRA
0.70%$500-24 Month Youth IRA
0.70%$500-36 Month IRA
0.70%$500-18 Month Roth IRA
0.70%$500-24 Month Roth IRA
0.70%$500-24 Month Youth Roth IRA
0.70%$500-36 Month Roth IRA
0.70%$500-18 Month CESA
0.70%$500-24 Month CESA
0.70%$500-24 Month Youth CESA
0.70%$500-36 Month CESA
0.30%$500-12 Month IRA
0.30%$500-6 Month IRA
0.30%$500-6 Month Roth IRA
0.30%$500-12 Month Roth IRA
0.30%$500-6 Month CESA
0.30%$500-12 Month CESA

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


PINNACLE
NCUA #15095
BankRate ReportView
Year Chartered1962
Employees35
Primary Regulator

Assets and Liabilities

Assets$146.82 million
Loans$127.44 million
Deposits$133.90 million
Equity Capital$11.09 million
Loan Loss Allowance$1.28 million
Unbacked Noncurrent Loans$2.64 million

Historic Data - December 2011

Assets$151.61 million
Equity Capital$12.13 million
Loan Loss Allowance$1.84 million
Unbacked Noncurrent Loans$3.00 million

Profit Margin - Quarterly

Net Interest Margin3.9%
Return on Assets-0.6%
Return on Equity-7.9%
Interest Income$6.26 million
Non-Interest Income$1.25 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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, 2012 Pinnacle Federal Credit Union had $2.64 million in non-current loans and owned real-estate with $12.37 million in equity and loan loss allowances on hand to cover it. This gives Pinnacle Federal Credit Union a Texas Ratio of 21.37% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Pinnacle Federal Credit Union held steady from 21.48% as of December 31, 2011 to 21.37% as of December 31, 2012, resulting in a positive change of 0.53%.This indicates that the balance sheet and financial strength for Pinnacle Federal Credit Union has held steady in recent periods.
Deposit Growth2
In the past year, Pinnacle Federal Credit Union has decreased its total deposits by -$3.84 million, resulting in -2.79% 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 Pinnacle Federal Credit Union has shown is below average.
Capitalization3
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. Pinnacle Federal Credit Union has $146.82 million in assets with $12.37 million in equity, resulting in a capitalization level of 8.43%, which is average.
Write Review

Terrible Credit Union
1 stars - JerusalemCherry - Wednesday, January 4, 2012 - 10:29 AM

I have been with Pinnacle FCU since 1993.  Used to be a great Credit Union, but is 100% horrible.  When I call the credit union you can clearly hear member services pick up & then hang up.  They have very few people to answer calls, so you can't call the credit union if you run into any issues.  I have complained about member services hanging up on calls.  But no one cares or has fixed.  After 8 times calling back, I finally got someone to answer.  They advised phones systems & possible disgruntled employees... 

6

Pinnacle FCU
1 stars - lof - Friday, June 10, 2011 - 6:27 PM

Express mailed Pinnacle a complete package of all items which were requested.  Went over every detail with the representative.  On my cover sheet, requested a call or email on opening account.   Seven days later, rec'd in the mail, all my items plus a form stating can't open trust account.  No phone call or email regarding the subject.  They had stated before you could use a trust as the beneficary.  I think what got me, was no phone call or email to clear-up the item.

4