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491 Raritan St
Sayreville, NJ 08872-1442

Raritan Bay Federal Credit Union is headquartered in Sayreville and is the 35th largest credit union in the state of New Jersey. It is also the 1,815st largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 30 employees and 9,610 members. Raritan Bay Federal Credit Union's savings rates are 15% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Eligible to anyone who lives, works, worships or attends school in Middlesex County. - See Details

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Reviews (2)

Cap Reduced

The cap has been reduced from 20K to 10K according to CU website

Awful Bank Avoid It

Awful bank. I wanted to freeze my account because I was switching banks and they refused to freeze it I informed them that if anything got debited there would be no way to cover it. They stated basically too bad I will get a fee. Awful bank. Oh yeah during sandy they would only let you take out 100 dollars at a time no matter your balance in your account. Awful awful bank so many other credit unions out there that are better.


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. Raritan Bay Federal Credit Union has a relatively 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 Raritan Bay Federal Credit Union had $945,000 in non-current loans and owned real-estate with $5.81 million in equity and loan loss allowances on hand to cover it. This gives Raritan Bay Federal Credit Union a Texas Ratio of 16.26% 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 Raritan Bay Federal Credit Union experienced no significant changes from 12.06% as of March 31, 2013 to 16.26% as of March 31, 2014, resulting in a negative change of 34.81%. This indicates that the balance sheet and financial strength for Raritan Bay Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Raritan Bay Federal Credit Union has increased its total deposits by $373,000, resulting in 0.53% 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 Raritan Bay Federal Credit Union has shown is above 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. Raritan Bay Federal Credit Union has $75.84 million in assets with $5.81 million in equity, resulting in a capitalization level of 7.66%, which is below average.

Institution Statistics

NCUA #4726
Year Chartered1941
Primary Regulator
Assets and Liabilities
Assets$75.84 million
Loans$38.56 million
Deposits$70.17 million
Equity Capital$5.39 million
Loan Loss Allowance$422,000
Unbacked Noncurrent Loans$945,000
Real Estate Owned$0
Historic Data - March 2013
Assets$75.69 million
Equity Capital$5.68 million
Loan Loss Allowance$385,000
Unbacked Noncurrent Loans$945,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.05%
Return on Equity-0.74%
Interest Income$702,000

Always verify rates and promotions with the bank or credit union. We are not Raritan Bay Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Raritan Bay Federal Credit Union Savings Account Rates

0.60%-$10kKasasa Saver - Qualifying
0.10%--Holiday Club
0.10%--Vacation Club
0.10%$100-IRA Savings Account
0.10%$100-Roth IRA Savings Account
0.10%$100-Coverdell Education Savings Account
0.10%--Savings Account
0.01%--Kasasa Saver - Non Qualifying

Raritan Bay Federal Credit Union Money Market Rates

0.25%$2k$2,500Student-Branch Mini-Market Account
0.15%$2,500-Money Market Account

Raritan Bay Federal Credit Union Checking Account Rates

1.60%-$10kKasasa Cash - Qualifying
0.01%--Kasasa Cash - Non Qualifying

Raritan Bay Federal Credit Union CD Rates

1.25%$1k-48 Month CD
1.00%$1k-36 Month CD
0.70%$1k-24 Month CD
0.45%$1k-18 Month CD
0.25%$1k-12 Month CD
0.20%$1k-6 Month CD

Raritan Bay Federal Credit Union IRA Rates

1.25%$1k-48 Month IRA
1.00%$1k-36 Month IRA
0.70%$1k-24 Month IRA
0.25%$1k-12 Month IRA
0.20%$1k-6 Month IRA

Raritan Bay Federal Credit Union Locations
Branch Office502 Washington RdParlin, NJ 08859-1024
Branch Office491 Raritan StSayreville, NJ 08872-1442
Branch Office1581 State Route 27Edison, NJ 08817
Branch Office93 Main StSouth River, NJ 08882