Public Service Credit Union is headquartered in Middlesex and is the 60th largest credit union in the state of New Jersey. It is also the 3,011st largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 5 employees and 2,831 members. Public Service Credit Union's CD rates are 18% higher than the national average, and it has a B+ health rating.
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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 Public Service Credit Union had $0 in non-current loans and owned real-estate with $3.22 million in equity and loan loss allowances on hand to cover it. This gives Public Service Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Public Service Credit Union has increased its total deposits by $1.16 million, resulting in 4.73% 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.
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 $29.02 million in assets with $3.22 million in equity, resulting in a capitalization level of 11.10%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$3.22 million|
|Loan Loss Allowance||$6,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$3.09 million|
|Loan Loss Allowance||$39,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.49%|
|Return on Assets||0.41%|
|Return on Equity||3.73%|
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|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|
|Public Service Credit Union Locations|
|Branch Office||619 Union Ave||Middlesex, NJ 08846|