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Overview / Commentary
732-805-9000
619 Union Ave
Middlesex, NJ 08846

Public Service Credit Union is headquartered in Middlesex and is the 61st largest credit union in the state of New Jersey. It is also the 3,018st largest credit union in the nation. It was established in 1957 and as of December of 2013, it had grown to 5 employees and 2,821 members. Public Service Credit Union's CD rates are 18% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee within Public Service Enterprise Group. - See Details

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Health

Data for Q4 2013

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. Public Service Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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 Public Service Credit Union had $18,000 in non-current loans and owned real-estate with $3.2 million in equity and loan loss allowances on hand to cover it. This gives Public Service Credit Union a Texas Ratio of 0.56% 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 Public Service Credit Union experienced no significant changes from 0.26% as of December 31, 2012 to 0.56% as of December 31, 2013, resulting in a negative change of 117.97%. This indicates that the balance sheet and financial strength for Public Service Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Public Service Credit Union has increased its total deposits by $805,000, resulting in 3.33% 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 Public Service Credit Union has shown is excellent.

Capitalization

GRADE:
A

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. Public Service Credit Union has $28.18 million in assets with $3.2 million in equity, resulting in a capitalization level of 11.35%, which is excellent.

Institution Statistics

Overall
NCUA #11779
Year Chartered1957
Employees5
Primary Regulator
Assets and Liabilities
Assets$28.18 million
Loans$9.69 million
Deposits$24.95 million
Equity Capital$3.19 million
Loan Loss Allowance$13,000
Unbacked Noncurrent Loans$18,000
Real Estate Owned$0
Historic Data - December 2012
Assets$27.25 million
Equity Capital$3.06 million
Loan Loss Allowance$37,000
Unbacked Noncurrent Loans$18,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.77%
Return on Assets0.44%
Return on Equity3.86%
Interest Income$919,000
Rates

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Public Service Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Holiday Club
0.10%$100-Vacation Club
0.10%$100-Savings Account

Public Service Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market

Public Service Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Share Draft

Public Service Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.87%$1k-5 Year CD
1.76%$1k-4 Year CD
1.66%$1k-3 Year CD
1.56%$1k-2 Year CD
1.06%$1k-1 Year CD
0.80%$1k-6 Month CD
Locations


Public Service Credit Union Locations
Branch Office619 Union AveMiddlesex, NJ 08846