Self Reliance (NJ) Credit Union

Self Reliance (NJ) Credit Union Locations

851 Allwood Rd
Clifton, NJ 07012
1 - 888 - 226 - 5853
www.bankuke.com

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Self Reliance (NJ) Credit Union is headquartered in Clifton and is the 28^th largest credit union in the state of New Jersey. It is also the 1,504^th largest credit union in the nation. It was established in 1960 and as of December of 2012, it had grown to 10 employees and 3,674 members. Self Reliance (NJ) Credit Union has a 5-star health rating.

RATE DROP! (Forum) - 10/2/2011

Well, Self-Reliance (NJ) Credit Union's 2.27% 3-yr CD is gone! New rate is 1.76% APY, 2 year is also down as well, to 1.26% (formerly, 1.41%). Share Savings also down, to 0.55% from 0.65%. Share Checking unchanged (at 0.25%), short-term rates (18-mo. and

Rates Drop (Forum) - 8/24/2011

Self Reliance (NJ) FCU rates dropped today: Share Savings is 0.65% (from 0.80%) and all CDs except 3-yr. are down. Remarkably, the 3-yr. CD is still 2.27% APY. Share Draft rate is unchanged at 0.25%. Self Reliance (NJ) has two branches in Clifton, NJ

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See Rates for: Checking | Savings | CD | IRA

Self Reliance (NJ) Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.25%	-	-	Share Draft Account

Self Reliance (NJ) Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	-	-	IRA Savings
0.50%	-	-	Roth IRA Savings
0.50%	-	-	Coverdell Education Savings
0.35%	-	-	Regular Share

Self Reliance (NJ) Credit Union CD Rates

Apy	Min	Max	Product
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

Apy	Min	Max	Product
1.76%	-	-	60 Month IRA Certificate
1.76%	-	-	60 Month Roth IRA Certificate
1.76%	-	-	60 Month CESA Certificate
1.26%	-	-	36 Month IRA Certificate
1.26%	-	-	36 Month Roth IRA Certificate
1.26%	-	-	36 Month CESA Certificate
1.06%	-	-	24 Month IRA Certificate
1.06%	-	-	24 Month Roth IRA Certificate
1.06%	-	-	24 Month CESA Certificate
0.95%	-	-	18 Month IRA Certificate
0.95%	-	-	18 Month Roth IRA Certificate
0.95%	-	-	18 Month CESA Certificate
0.69%	-	-	12 Month IRA Certificate
0.69%	-	-	12 Month Jumbo IRA Certificate
0.69%	-	-	12 Month Roth IRA Certificate
0.69%	-	-	12 Month Jumbo Roth IRA Certificate
0.69%	-	-	12 Month CESA Certificate
0.69%	-	-	12 Month Jumbo CESA Certificate
0.50%	-	-	6 Month IRA Certificate
0.50%	-	-	6 Month Jumbo IRA Certificate
0.50%	-	-	6 Month Roth IRA Certificate
0.50%	-	-	6 Month Jumbo Roth IRA Certificate
0.50%	-	-	6 Month CESA Certificate
0.50%	-	-	6 Month Jumbo CESA Certificate

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

SELF RELIANCE (NJ)
NCUA #	13439
BankRate Report	View
Year Chartered	1960
Employees	10
Primary Regulator
Assets and Liabilities
Assets	$96.51 million
Loans	$42.37 million
Deposits	$81.77 million
Equity Capital	$14.59 million
Loan Loss Allowance	$145,000
Unbacked Noncurrent Loans	$450,000
Real Estate Owned	$245,000
Historic Data - December 2011
Assets	$97.58 million
Equity Capital	$13.77 million
Loan Loss Allowance	$142,000
Unbacked Noncurrent Loans	$44,000
Real Estate Owned	$245,000
Profit Margin - Quarterly
Net Interest Margin	3.88%
Return on Assets	0.77%
Return on Equity	5.07%
Interest Income	$2.61 million
Non-Interest Income	$485,000

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2012 Self Reliance (NJ) Credit Union had $695,000 in non-current loans and owned real-estate with $14.73 million in equity and loan loss allowances on hand to cover it. This gives Self Reliance (NJ) Credit Union a Texas Ratio of 4.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Self Reliance (NJ) Credit Union held steady from 2.08% as of December 31, 2011 to 4.72% as of December 31, 2012, resulting in a negative change of 127.05%. This indicates that the balance sheet and financial strength for Self Reliance (NJ) Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Self Reliance (NJ) Credit Union has decreased its total deposits by -$1.87 million, resulting in -2.23% 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 below average.
Capitalization
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 $96.51 million in assets with $14.73 million in equity, resulting in a capitalization level of 15.27%, which is excellent.