Aspire Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.75%	5-year CD	60 Month Certificate 3.00% - Barclays 60 Month Online CD
0.30%	1-year CD	12 Month Certificate 0.96% - National Average
0.05%	Savings	Member Savings 1.75% - American Express National Bank High Yield Savings Account

View all Aspire Federal Credit Union rates »

Overview / Commentary

www.aspirefcu.org

732-388-0477

67 Walnut Ave
Clark, NJ 07066

Aspire Federal Credit Union is headquartered in Clark and is the 18^th largest credit union in the state of New Jersey. It is also the 1,231^st largest credit union in the nation. It was established in 1948 and as of March of 2018, it had grown to 43 employees and 22,297 members at 1 location. Aspire Federal Credit Union has a C- health rating.

Field of Membership Restrictions

Membership is open to anyone through membership in the American Consumer Council. Membership is also open to employees of the New Jersey Transit Corporation, National Transportation Board, and other Select Employer Groups.
See current membership details

Love The Customer Service

Posted by: Anonymous | Apr 30, 2012

I've been "banking" at Aspire for almost a couple of years now and have to say that it's one of the best CUs I've been a member of. I became a member because at the time they were offering a terrific rate for the Kasasa Cash rewards checking account. But, as we all know, that didn't last, although the rate did hold for a lot longer than I expected. As for the customer service, I simply cannot complain here; they've always been courteous and followed through with any of my requests and/or questions when those would pop up from time to time.

Even though the rates dropped on both Kasasa Savings and Checking, I stayed with Aspire because of the very nice representatives I talked to on occasion.

I LOVE their edeposit feature. I just fill in a couple of things and make sure to mail them the check within seven days. No need to print or fax the check to them, although I have to admit this is also a nice way to do an edeposit. I have this with USAA, the caveat being that I don't have a working printer at this time.

My only true gripe with Aspire is that I am not able to do transfers from them to my other accounts, although USAA does have a very nice transfer feature with no limit on how many accounts I can have. At least I do have my monthly direct deposit going to my Aspire account, so that's one less worry.

A credit union that's well worth joining IMO!

Comment

3

Aspire FCU--Great Rewards Checking Rate, BETTER Customer Service!

Posted by: jep1960 | Jun 24, 2011

I have been a member since last summer. Great CU! When I lost my wallet last year, they replaced my ATM/Debit card,(no fee!) AND waived the debit card requirement for that month because I was without the card. Shared Branching is GREAT! I go to my old CU, (DCU) and am treated like I was still their depositer! Deposits get credited quick,( I check online after leaving the DCU), at first I used the ATM fee refund, but now, I just use DCU's ATM, and that is free. ATM fee refunds are unlimited, if the fee is over $5, they want you to fax them a copy of the reciept, but other than that you get back the fees. The nearest branch to me is in New Hampshire, but I never use it. It's so quick and easy to use Shared Branching, and there are so MANY Shared Branches. Who needs BOA, or Chase!...LOL Whoever dreamed up Shared Branching is a GENIUS! Why would any CU NOT be a member? I pity the people who bank at the big TBTF banks, because they want alot of branches to go to. Get an RCA at a CU Service Center CU, get PAID to bank AND have alot of Branches to choose from!!

Comment

4

Health

C-

Data as of Q1 2018

Learn why bank health matters

Additional 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. Aspire Federal Credit Union has a negative return on assets.

Health Grade Components

Overall
NCUA #	5800
Year Chartered	1948
Employees	43
Primary Regulator

Profit Margin
Return on Assets - YTD	-2.77%
Return on Equity - YTD	-49.71%
Annual Interest Income	$1.9MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$156.7MM$173.3MM
Loans	Q1 2018vs Q1 2017	$119.1MM$136.3MM
Deposits	Q1 2018vs Q1 2017	$146.9MM$156.7MM
Equity Capital	Q1 2018vs Q1 2017	$8.8MM$15.4MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$7.9MM$4.7MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$6.7MM$5.7MM
Real Estate Owned	Q1 2018vs Q1 2017	$650.00K$464.00K

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