2. Federal Employees Newark Credit Union

Federal Employees Newark Credit Union


Overview / Commentary
www.fenfcu.com
973-622-6028
970 Broad Street
Newark, NJ 07102

Federal Employees Newark Credit Union is headquartered in Newark and is the 79th largest credit union in the state of New Jersey. It is also the 3,681st largest credit union in the nation. It was established in 1942 and as of September of 2019, it had grown to 5 employees and 2,135 members at 1 location. Federal Employees Newark Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to federal employees who work in Essex, Bergen, Middlesex, Hudson, Morris, Passaic and Union Counties in New Jersey.
See current membership details

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Health
B

Data as of Q3 2019

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. Federal Employees Newark Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #4894
Year Chartered1942
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD2.27%
Annual Interest Income$427.00K
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$14.1MM$14.3MM
LoansQ3 2019vs Q3 2018$10.0MM$10.5MM
DepositsQ3 2019vs Q3 2018$11.3MM$11.5MM
Equity CapitalQ3 2019vs Q3 2018$2.8MM$2.8MM
Loan Loss AllowanceQ3 2019vs Q3 2018$55.00K$55.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$30.00K$17.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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Federal Employees Newark Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Savings Account
0.25%--IRA Savings Account

Federal Employees Newark Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Checking Account

Federal Employees Newark Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month Share Certificate
0.80%$1k-48 Month Share Certificate
0.70%$1k-36 Month Share Certificate
0.50%$1k-24 Month Share Certificate
0.50%$10k-12 Month Jumbo Certificate
0.45%$1k-12 Month Share Certificate
0.45%$10k-6 Month Jumbo Certificate
0.40%$1k-6 Month Share Certificate

Federal Employees Newark Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month IRA Certificate
0.80%$1k-48 Month IRA Certificate
0.70%$1k-36 Month IRA Certificate
0.50%$1k-24 Month IRA Certificate
0.45%$1k-12 Month IRA Certificate
0.40%$1k-6 Month IRA Certificate
Locations


Federal Employees Newark Credit Union Locations
Branch Office970 Broad StNewark, NJ 07102-2534

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