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South Jersey Federal Credit Union

South Jersey Federal Credit Union Locations
PO Box 5530
Deptford, NJ 08096
800-582-7640
www.southjerseyfcu.com



South Jersey Federal Credit Union is headquartered in Deptford and is the 5th largest credit union in the state of New Jersey. It is also the 623rd largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 97 employees and 42,924 members. South Jersey Federal Credit Union's money market rates are 36% higher than the national average, and it has a 4-star health rating.

South Jersey Federal Credit Union Routing Number: 236077755

Related Posts

Top Long-Term CD Rates at South Jersey Federal Credit Union - Local Only - 1/3/2011

South Jersey Federal Credit Union continues to offer competitive CD and IRA CD rates. The best rates require a $50K minimum deposit. These include a 3.20% APY 5-year CD and a 2.22% APY 3-year CD. Lowe ...

Top 5-Year CD at South Jersey Federal Credit Union - Local Only - 9/13/2010

South Jersey Federal Credit Union continues to offer competitive CD and IRA CD rates. The best rates require a $50K minimum deposit. These include a 3.20% APY 5-year CD, a 2.38% APY 3-year CD and a 1. ...

World Series CD Special at South Jersey FCU - Local Only - 11/4/2009

South Jersey Federal Credit Union is offering a special 9-month share or IRA share certificate with a 1.71% APY. If the Phillies win the World Series, the credit union will bump up the APY to 1.76%. The CD must be purchased by 11/5/09, or before the...

2.50% 18-Month CD at South Jersey Federal Credit Union - Local Only - 7/2/2009

South Jersey Federal Credit Union has an 18-month CD special with a 2.50% APY. It's available as both a regular and IRA share certificate. Minimum deposit is $10,000. This rate is listed at the credit union's rate table as of 7/02/09.My last post on this...

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See Rates for: Checking | Savings | Money Market | CD | IRA

South Jersey Federal Credit Union Checking Account Rates

ApyMinMaxProduct
0.10%--Checking

South Jersey Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.71%$50k-IRA Savings
0.71%$50k-Roth IRA Savings
0.71%$50k-CESA Savings
0.25%--Christmas Club
0.25%--Vacation Club
0.23%$25k-Statement Savings
0.15%$100-Teacher's Club
0.15%--Savings Sub Share

South Jersey Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.60%$100k-MEGA Money Market
0.40%$25k-SUPER Money Market
0.18%$1,500-Money Market

South Jersey Federal Credit Union CD Rates

ApyMinMaxProduct
1.76%$20k-5 Year CD
1.41%$20k-4 Year CD
1.16%$20k-3 Year CD
0.80%$20k-2 Year CD
0.60%$20k-1 Year CD

South Jersey Federal Credit Union IRA Rates

ApyMinMaxProduct
1.76%$20k-5 Year IRA
1.76%$20k-5 Year Roth IRA
1.76%$20k-5 Year CESA
1.41%$20k-4 Year IRA
1.41%$20k-4 Year Roth IRA
1.41%$20k-4 Year CESA
1.16%$20k-3 Year IRA
1.16%$20k-3 Year Roth IRA
1.16%$20k-3 Year CESA
0.80%$20k-2 Year IRA
0.80%$20k-2 Year Roth IRA
0.80%$20k-2 Year CESA
0.60%$20k-1 Year IRA
0.60%$20k-1 Year Roth IRA
0.60%$20k-1 Year CESA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


SOUTH JERSEY
NCUA #3951
BankRate ReportView
Year Chartered1940
Employees97
Primary Regulator

Assets and Liabilities

Assets$305.65 million
Loans$122.23 million
Deposits$280.08 million
Equity Capital$24.47 million
Loan Loss Allowance$2.78 million
Unbacked Noncurrent Loans$3.34 million
Real Estate Owned$740,000

Historic Data - December 2010

Assets$280.45 million
Equity Capital$23.85 million
Loan Loss Allowance$2.42 million
Unbacked Noncurrent Loans$2.87 million
Real Estate Owned$577,000

Profit Margin - Quarterly

Net Interest Margin6.05%
Return on Assets0.11%
Return on Equity1.36%
Interest Income$10.14 million
Non-Interest Income$7.81 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2011 South Jersey Federal Credit Union had $4.08 million in non-current loans and owned real-estate with $27.25 million in equity and loan loss allowances on hand to cover it. This gives South Jersey Federal Credit Union a Texas Ratio of 14.97% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for South Jersey Federal Credit Union held steady from 13.13% as of December 31, 2010 to 14.97% as of December 31, 2011, resulting in a negative change of 13.98%. This indicates that the balance sheet and financial strength for South Jersey Federal Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, South Jersey Federal Credit Union has increased its total deposits by $24.5 million, resulting in 9.59% 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 South Jersey Federal Credit Union has shown is excellent.
Capitalization3
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. South Jersey Federal Credit Union has $305.65 million in assets with $27.25 million in equity, resulting in a capitalization level of 8.91%, which is average.
Write Review

Fees Equal Stealing
1 stars - MoneyIsTight - Thursday, April 14, 2011 - 3:06 PM

I just received my quarterly statement from South Jersey FCU. To my surprise I have given them $15.00 or $5 for the prior 3 months. Tomorrow I go to close the account. It is hard to believe that it costs $5 a month for a computer to keep track of someone's money especially when there is not any activity occurring on it. I am sure SJFCU is hurting for that substantial amount of money, but to me it is equivalent to thievery. I never received any statement indicating that I was in jeopardy of having my money stolen from me or else I would have gone and closed the account thus thereby saving them them the postage and the sheet of paper showing my new activity of taking the FEES. I will never suggest or give any positive comments about SJFCU to any fellow employee!! Funny thing is, in my statement there is an add from Sprint with the tagline "Why throw away your money?" They must have read my mind.

 

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