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800-284-8663
1460 Broad St
Bloomfield, NJ 07003

Xcel Credit Union is headquartered in BLOOMFIELD and is the 19st largest credit union in the state of New Jersey. It is also the 1,116st largest credit union in the nation. It was established in 1964 and as of December of 2013, it had grown to 35 employees and 17,902 members. Xcel Credit Union's savings rates are 73% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Credit union membership is open to employees of several companies and members of the American Consumer Council (ACC). Anyone can join the ACC. - See Details

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New High-Yield Kasasa Accounts at XCEL Federal Credit Union - 10/1/2013

XCEL Federal Credit Union just recently started to offer a high-interest reward checking and savings account called Kasasa Cash and Kasasa Saver. The rates and balance caps are not the best, but it’s ...



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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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 Xcel Credit Union had $2.49 million in non-current loans and owned real-estate with $12.06 million in equity and loan loss allowances on hand to cover it. This gives Xcel Credit Union a Texas Ratio of 20.61% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Xcel Credit Union decreased slightly from 24.80% as of December 31, 2012 to 20.61% as of December 31, 2013, resulting in a positive change of 16.91%.This indicates that the balance sheet and financial strength for Xcel Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Xcel Credit Union has increased its total deposits by $3.63 million, resulting in 2.8% 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 Xcel Credit Union has shown is above average.

Capitalization

GRADE:
C-

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. Xcel Credit Union has $151.1 million in assets with $12.06 million in equity, resulting in a capitalization level of 7.98%, which is below average.

Institution Statistics

Overall
NCUA #16218
Year Chartered1964
Employees35
Primary Regulator
Assets and Liabilities
Assets$151.10 million
Loans$133.47 million
Deposits$133.08 million
Equity Capital$11.02 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$2.49 million
Real Estate Owned$0
Historic Data - December 2012
Assets$143.23 million
Equity Capital$9.73 million
Loan Loss Allowance$1.00 million
Unbacked Noncurrent Loans$2.49 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.25%
Return on Assets0.68%
Return on Equity9.33%
Interest Income$7.86 million
Rates

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

Xcel Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.90%-$15kKasasa Saver
0.10%$50-Regular Savings
0.10%--Additional Savings
0.10%--IRA Savings
0.10%--Holiday Club
0.10%--Vacation Club
0.10%--Roth IRA Savings
0.10%--CESA Savings
0.03%--Kasasa Saver

Xcel Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$25k-Money Market

Xcel Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.01%-$15kKasasa Cash
0.05%$2,500-Checking Account
0.03%--Kasasa Cash

Xcel Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$20k-60 Month Silver CD
1.60%$500$20k60 Month CD
1.30%$20k-48 Month Silver CD
1.25%$500$20k48 Month CD
1.05%$20k-36 Month Silver CD
1.00%$500$20k36 Month CD
0.95%$20k-24 Month Bump-Up Silver CD
0.90%$500$20k24 Month Bump-Up CD
0.55%$20k-12 Month Silver CD
0.50%$500$20k12 Month CD
0.50%$20k-6 Month Silver CD
0.45%$500$20k6 Month CD
0.45%$20k-3 Month Silver CD
0.40%$500$20k3 Month CD
0.10%$5k-3 Month Liquid CD

Xcel Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.65%$20k-60 Month Silver IRA (Traditional,Roth,CESA)
1.60%$500$20k60 Month IRA (Traditional,Roth,CESA)
1.30%$20k-48 Month Silver IRA (Traditional,Roth,CESA)
1.25%$500$20k48 Month IRA (Traditional,Roth,CESA)
1.05%$20k-36 Month Silver IRA (Traditional,Roth,CESA)
1.00%$500$20k36 Month IRA (Traditional,Roth,CESA)
0.95%$20k-24 Month Silver Bump-Up IRA (Traditional,Roth,CESA)
0.90%$500$20k24 Month Bump-Up IRA (Traditional,Roth,CESA)
0.55%$20k-12 Month Silver IRA (Traditional,Roth,CESA)
0.50%$500$20k12 Month IRA (Traditional,Roth,CESA)
0.50%$20k-6 Month Silver IRA (Traditional,Roth,CESA)
0.45%$500$20k6 Month IRA (Traditional,Roth,CESA)
0.45%$20k-3 Month Silver IRA (Traditional,Roth,CESA)
0.40%$500$20k3 Month IRA (Traditional,Roth,CESA)
0.10%$5k-3 Month Liquid IRA (Traditional,Roth,CESA)
Locations


Xcel Credit Union Locations
Branch Office26 Federal Plz Ste 1702 Room 1702New York, NY 10278
Main Office1460 Broad StBloomfield, NJ 07003
Branch Office30 Path Plz Journal SquareJersey City, NJ 07306