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973-471-0700
851 Allwood Rd
Clifton, NJ 07012

Self Reliance (NJ) Credit Union is headquartered in Clifton and is the 28th largest credit union in the state of New Jersey. It is also the 1,514st largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 10 employees and 3,647 members. Self Reliance (NJ) Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or go to school in Passaic County. - See Details

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Health

Data for Q4 2013

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Self Reliance (NJ) Credit Union has a relatively 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 Self Reliance (NJ) Credit Union had $858,000 in non-current loans and owned real-estate with $14.61 million in equity and loan loss allowances on hand to cover it. This gives Self Reliance (NJ) Credit Union a Texas Ratio of 5.87% 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 Self Reliance (NJ) Credit Union experienced no significant changes from 4.72% as of December 31, 2012 to 5.87% as of December 31, 2013, resulting in a negative change of 24.53%. This indicates that the balance sheet and financial strength for Self Reliance (NJ) Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Self Reliance (NJ) Credit Union has increased its total deposits by $900,000, resulting in 1.1% 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 Self Reliance (NJ) Credit Union has shown is above average.

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. Self Reliance (NJ) Credit Union has $97.22 million in assets with $14.61 million in equity, resulting in a capitalization level of 15.02%, which is excellent.

Institution Statistics

Overall
NCUA #13439
Year Chartered1960
Employees10
Primary Regulator
Assets and Liabilities
Assets$97.22 million
Loans$44.09 million
Deposits$82.67 million
Equity Capital$14.46 million
Loan Loss Allowance$144,000
Unbacked Noncurrent Loans$163,000
Real Estate Owned$695,000
Historic Data - December 2012
Assets$96.51 million
Equity Capital$14.59 million
Loan Loss Allowance$145,000
Unbacked Noncurrent Loans$163,000
Real Estate Owned$245,000
Profit Margin - Quarterly
Net Interest Margin3.41%
Return on Assets0.31%
Return on Equity2.1%
Interest Income$2.40 million
Rates
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Self Reliance (NJ) Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--IRA Savings
0.50%--Roth IRA Savings
0.50%--Coverdell Education Savings
0.35%--Regular Share

Self Reliance (NJ) Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Share Draft Account

Self Reliance (NJ) Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.71%--60 Month Share Certificate
1.21%--36 Month Share Certificate
1.00%--24 Month Share Certificate
0.90%--18 Month Share Certificate
0.64%--12 Month Share Certificate
0.64%--12 Month Jumbo Share Certificate
0.64%--12 Month Custodial Share Certificate
0.45%--6 Month Share Certificate
0.45%--6 Month Jumbo Share Certificate

Self Reliance (NJ) Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.76%--60 Month IRA Certificate (Traditional,Roth,CESA)
1.26%--36 Month IRA Certificate (Traditional,Roth,CESA)
1.06%--24 Month IRA Certificate (Traditional,Roth,CESA)
0.95%--18 Month IRA Certificate (Traditional,Roth,CESA)
0.69%--12 Month IRA Certificate (Traditional,Roth,CESA)
0.69%--12 Month Jumbo IRA Certificate (Traditional,Roth,CESA)
0.50%--6 Month IRA Certificate (Traditional,Roth,CESA)
0.50%--6 Month Jumbo IRA Certificate (Traditional,Roth,CESA)
Locations


Self Reliance (NJ) Credit Union Locations
Branch Office851 Allwood RdClifton, NJ 07012
Branch Office237 Dayton AveClifton, NJ 07011