Overview / Commentary
1st Bergen Federal Credit Union is headquartered in Hackensack and is the 124th largest credit union in the state of New Jersey. It is also the 4,568th largest credit union in the nation. It was established in 2009 and as of December of 2019, it had grown to 3 employees and 3,026 members at 1 location. 1st Bergen Federal Credit Union has a C- health rating.
Field of Membership Restrictions
1st Bergen Federal Credit Union is open to anyone who lives, works, worships, volunteers, or goes to school in Paterson or Jersey City, or Bergen County.
See current membership details
Health
C-
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. 1st Bergen Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24810 |
| Year Chartered | 2009 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 15.19% |
| Annual Interest Income | $225.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $4.5MM$3.7MM |
| Loans | Q4 2019vs Q4 2018 | $3.1MM$2.5MM |
| Deposits | Q4 2019vs Q4 2018 | $4.1MM$3.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $316.00K$269.00K |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $155.00K$110.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $355.00K$242.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |