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Overview / Commentary
619 Union Ave
Middlesex, NJ 08846

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.

Field of Membership Restrictions

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

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Data for Q1 2014

Institution Health

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


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.

Deposit Growth


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.

Institution Statistics

NCUA #11779
Year Chartered1957
Primary Regulator
Assets and Liabilities
Assets$29.02 million
Loans$9.62 million
Deposits$25.75 million
Equity Capital$3.22 million
Loan Loss Allowance$6,000
Real Estate Owned$0
Historic Data - March 2013
Assets$27.72 million
Equity Capital$3.09 million
Loan Loss Allowance$39,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.49%
Return on Assets0.41%
Return on Equity3.73%
Interest Income$230,000

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Public Service Credit Union Savings Account Rates

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

Public Service Credit Union Money Market Rates

0.30%$50k-Money Market

Public Service Credit Union Checking Account Rates

0.05%$500-Share Draft

Public Service Credit Union CD Rates

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 Office619 Union AveMiddlesex, NJ 08846