Federal Employees Newark Credit Union
Overview / Commentary
Federal Employees Newark Credit Union is headquartered in Newark and is the 74th largest credit union in the state of New Jersey. It is also the 3,383rd largest credit union in the nation. It was established in 1942 and as of March of 2025, it had grown to 5 employees and 2,356 members at 1 location. Federal Employees Newark Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership Federal Employees (Newark) Federal Credit Union is open to federal employees (postal employees excluded) who work in Newark, New Jersey, or whose agency was, or is currently headquartered out of Newark, New Jersey. Family members of a Credit Union member in good standing are also eligible to join.
See current membership details
Health
B+
Data as of Q1 2025
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. Federal Employees Newark Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 4894 |
| Year Chartered | 1942 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.57% |
| Return on Equity - YTD | -9.63% |
| Annual Interest Income | $158K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $15.4MM$15.3MM |
| Loans | Q1 2025vs Q1 2024 | $8.5MM$9.5MM |
| Deposits | Q1 2025vs Q1 2024 | $12.9MM$12.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $2.5MM$2.7MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $73K$98K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $37K$32K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |