West Orange Municipal Credit Union

West Orange Municipal Credit Union Locations

342 Main Street
West Orange, NJ 07052
(973) 736-1929
www.womfcu.org

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West Orange Municipal Credit Union is headquartered in WEST ORANGE and is the 119^st largest credit union in the state of New Jersey. It is also the 5,026^th largest credit union in the nation. It was established in 1955 and as of December of 2011, it had grown to 3 employees and 1,354 members. West Orange Municipal Credit Union has a 3-star health rating.

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See Rates for: Savings | CD | IRA

West Orange Municipal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	-	-	IRA Share
0.40%	-	-	Holiday Club
0.40%	-	-	Christmas Club
0.40%	-	-	Summer Savings Club
0.40%	-	-	Vacation Club
0.30%	$100k	-	Share Account

West Orange Municipal Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$1k	-	60 Month CD
1.50%	$500	-	60 Month Minor CD
1.20%	$1k	-	48 Month CD
1.20%	$500	-	48 Month Minor CD
1.10%	$1k	-	36 Month CD
1.10%	$500	-	36 Month Minor CD
0.80%	$1k	-	24 Month CD
0.80%	$500	-	24 Month Minor CD
0.50%	$1k	-	12 Month CD
0.50%	$500	-	12 Month Minor CD
0.30%	$1k	-	3 Month CD
0.30%	$1k	-	6 Month CD
0.30%	$1k	-	9 Month CD
0.30%	$500	-	3 Month Minor CD
0.30%	$500	-	6 Month Minor CD
0.30%	$500	-	9 Month Minor CD

West Orange Municipal Credit Union IRA Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month IRA
1.20%	$500	-	48 Month IRA
1.10%	$500	-	36 Month IRA
0.80%	$500	-	24 Month IRA
0.50%	$500	-	12 Month IRA
0.30%	$500	-	3 Month IRA
0.30%	$500	-	6 Month IRA
0.30%	$500	-	9 Month IRA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

WEST ORANGE MUNICIPAL
NCUA #	10432
BankRate Report	View
Year Chartered	1955
Employees	3
Primary Regulator
Assets and Liabilities
Assets	$7.56 million
Loans	$2.92 million
Deposits	$6.86 million
Equity Capital	$662,000
Loan Loss Allowance	$42,000
Unbacked Noncurrent Loans	$169,000
Historic Data - December 2010
Assets	$7.62 million
Equity Capital	$687,000
Loan Loss Allowance	$36,000
Unbacked Noncurrent Loans	$35,000
Profit Margin - Quarterly
Net Interest Margin	9.44%
Return on Assets	-0.33%
Return on Equity	-3.78%
Interest Income	$376,000
Non-Interest Income	$23,000

Institution Health

Overall Score:

3 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, 2011 West Orange Municipal Credit Union had $169,000 in non-current loans and owned real-estate with $704,000 in equity and loan loss allowances on hand to cover it. This gives West Orange Municipal Credit Union a Texas Ratio of 24.01% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for West Orange Municipal Credit Union increased slightly from 4.84% as of December 31, 2010 to 24.01% as of December 31, 2011, resulting in a negative change of 395.89%. This indicates that the balance sheet and financial strength for West Orange Municipal Credit Union has declined slightly in recent periods.
Deposit Growth
In the past year, West Orange Municipal Credit Union has decreased its total deposits by $-26,000, resulting in -0.38% 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 West Orange Municipal Credit Union has shown is 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. West Orange Municipal Credit Union has $7.56 million in assets with $704,000 in equity, resulting in a capitalization level of 9.32%, which is average.

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