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ABCO Federal Credit Union

Popular Accounts at this Credit Union

1.51%Reward CheckingRewards Checking
1.26%5-year CD60 Month CD
0.35%1-year CD12 Month CD

Overview / Commentary
690 Beverly Rancocas Road
Willingboro, NJ 08046

ABCO Federal Credit Union is headquartered in Willingboro and is the 12th largest credit union in the state of New Jersey. It is also the 894th largest credit union in the nation. It was established in 1958 and as of June of 2016, it had grown to 86 employees and 35,731 members at 9 locations. ABCO Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to anyone through membership in the New Jersey Consumer Council. It is also open to those who live, work, worship, or attend school in Atlantic City, Browns Mill/Pemberton, Burlington City, Fort Dix and McGuire AFB area, Mount Holly, Palmyra, Pleasantville, Vincentown, Plumstead, Jackson & Berkley Township, or Riverside/Delanco and to employees of select New Jersey counties, hospitals, or other industries.
See current membership details

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Reviews (3)

No Complaints

I have been using this CU for a few years now, totally online. Downloads to Quicken nicely. Infrequent contact only and mostly by email. Still the best of the reward checking accounts.

Great Rate, Rough Online Presence

 a note for anyone chasing rates on their rewards checking:
Their online banking system has to be one of the most archaic I've ever encountered. It is about 20 years from the past, and features a hodge podge of 3 rd party modules for bill payment and statements.

If you are there to make your purchases and get your rewards, you can live with it, but making it your actual bank would be unlikely for anyone more civilized.
Bank to Bank transfers don't exist but you can trick bill payment into letting them out bound through, although they take longer as it requires the receiving bank to do some manual legwork to match it up to your account.

I was able to sign up via postal mail fairly easily. First month reward requirements are waived, so you may want to time your account opening towards the first of the month as it may take a bit for your direct deposit to transfer. If you sign up the last week of the month, that is your waived month, and doing it through the mail takes longer so you may have trouble getting everything set up by the next month.

Very Unfavorable Polices For Small Business

Posted by: famous | Sep 14, 2016

I've been using the ABCO branch near my home for over 4 years (and have been using another one near my business for over 25 years). In that time I've had no problems with the first Credit Union, and nothing but problems from ABCO. From the very start - when setting up my business account they neglected to set up a 'required' personal account, so that was an obstacle to overcome. Over the 4 years I've questioned the 8 day holding policy before liberating the money from deposited checks. The manager said it's their policy and that they don't know the business paying me recently (a local company that I've been depositing checks from for nearly a YEAR). Prior to that I deposited over $200k over 2 years from one of the 20 biggest pharma companies on earth and they apparently don't know them either, as the same extensive holding period was in force the whole time. Why can't the money be liberated when the check I deposited clears? Because it it ABCO policy to hold customers money for as long as possible. I now use this branch as a transfer point only (it's near the post office) - as soon as the check clears the money immediately goes to my other credit union. So ABCo gets it for a few days but they lose the long term benefit of having me keep it there until needed. Or any other business from me whatsoever. The people are nice but I see no reason to work with a customer-unfriendly credit union.


Health Grade Components

NCUA #12679
Year Chartered1958
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD3.4%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$231.4MM$223.2MM
LoansQ2 2016vs Q2 2015$123.7MM$131.8MM
DepositsQ2 2016vs Q2 2015$212.1MM$205.8MM
Equity CapitalQ2 2016vs Q2 2015$17.9MM$16.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.1MM$1.6MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$3.5MM$3.2MM
Real Estate OwnedQ2 2016vs Q2 2015$230.00K$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

ABCO Federal Credit Union Savings Account Rates

0.30%*$25k*-IRA share Savings
OTHER TIERS: 0.05% $100 - $1k | 0.10% $1k - $5k | 0.20% $5k - $25k
0.05%$100-Share Savings
0.05%--Summer Pay Club
0.05%--Christmas Club
0.05%--Summer Vacation Club
0.05%--Winter Vacation Club

ABCO Federal Credit Union Money Market Rates

0.30%*$50k*-Money Market Savings
OTHER TIERS: 0.10% $1k - $5k | 0.12% $5k - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k

ABCO Federal Credit Union Checking Account Rates

1.51%*-$25kRewards Checking
OTHER TIERS: 0.20% $25k+
0.20%$1k-Protection Plus Checking

ABCO Federal Credit Union CD Rates

1.26%*$100k*-60 Month CD
OTHER TIERS: 1.16% $500 - $20k | 1.21% $20k - $100k
0.95%*$100k*-48 Month CD
OTHER TIERS: 0.85% $500 - $20k | 0.90% $20k - $100k
0.75%*$100k*-36 Month CD
OTHER TIERS: 0.65% $500 - $20k | 0.70% $20k - $100k
0.55%*$100k*-24 Month CD
OTHER TIERS: 0.45% $500 - $20k | 0.50% $20k - $100k
0.35%*$100k*-12 Month CD
OTHER TIERS: 0.25% $500 - $20k | 0.30% $20k - $100k
0.25%*$100k*-6 Month CD
OTHER TIERS: 0.15% $500 - $20k | 0.20% $20k - $100k

ABCO Federal Credit Union IRA Rates

1.26%*$100k*-60 Month IRA CD
OTHER TIERS: 1.16% $500 - $20k | 1.21% $20k - $100k
0.95%*$100k*-48 Month IRA CD
OTHER TIERS: 0.85% $500 - $20k | 0.90% $20k - $100k
0.75%*$100k*-36 Month IRA CD
OTHER TIERS: 0.65% $500 - $20k | 0.70% $20k - $100k
0.55%*$100k*-24 Month IRA CD
OTHER TIERS: 0.45% $500 - $20k | 0.50% $20k - $100k
0.35%*$100k*-12 Month IRA CD
OTHER TIERS: 0.25% $500 - $20k | 0.30% $20k - $100k
0.25%*$100k*-6 Month IRA CD
OTHER TIERS: 0.15% $500 - $20k | 0.20% $20k - $100k

ABCO Federal Credit Union Locations
Branch Office690 Beverly Rancocas RoadWillingboro, NJ 08046
Branch Office76R High StMount Holly, NJ 08060
Branch Office2652 Atlantic AveAtlantic City, NJ 08401
Branch Office215 Main StRancocas, NJ 08073
Branch Office1 Cooper PlzCamden, NJ 08103-1461
Branch Office6716 Black Horse Pike Suite 8Egg Harbor Twp, NJ 08234
Branch Office81 Pemberton Browns Mill RdBrowns Mills, NJ 08015-3108
Branch Office2083 Lawrenceville RdLawrenceville, NJ 08648-3099
Branch Office870 Delsea Dr NGlassboro, NJ 08028-1438