Bloomfield Fire And Police Federal Credit Union
Overview / Commentary
Bloomfield Fire And Police Federal Credit Union is headquartered in Bloomfield and is the 110th largest credit union in the state of New Jersey. It is also the 4,311th largest credit union in the nation. It was established in 1951 and as of September of 2019, it had grown to 2 employees and 1,288 members at 1 location. Bloomfield Fire And Police Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Bloomfield Fire and Police Federal Credit Union is open to employees of The Township of Bloomfield in addition to other household family members.
See current membership details
Health
B
Data as of Q3 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. Bloomfield Fire And Police Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7069 |
| Year Chartered | 1951 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 1.51% |
| Annual Interest Income | $262.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $6.9MM$6.6MM |
| Loans | Q3 2019vs Q3 2018 | $5.5MM$4.8MM |
| Deposits | Q3 2019vs Q3 2018 | $5.8MM$5.5MM |
| Equity Capital | Q3 2019vs Q3 2018 | $1.1MM$1.1MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $124.00K$167.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $103.00K$271.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |