Federal Employees Newark Credit Union
LOCATIONS
1
View locations
HEALTH RATING
B
View health report
CURRENT TOP RATE
1.00% APY
60 Month Share Certificate
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.00% | 5-year CD | |
| 0.45% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
| 0.25% | Savings | 2.00% - Ally Bank Online Savings Account |
Overview / Commentary
Federal Employees Newark Credit Union is headquartered in Newark and is the 80th largest credit union in the state of New Jersey. It is also the 3,716th largest credit union in the nation. It was established in 1942 and as of September of 2018, it had grown to 5 employees and 2,172 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
Health
B
Data as of Q3 2018
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 | 0.43% |
| Return on Equity - YTD | 2.22% |
| Annual Interest Income | $430.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $14.3MM$14.6MM |
| Loans | Q3 2018vs Q3 2017 | $10.5MM$9.3MM |
| Deposits | Q3 2018vs Q3 2017 | $11.5MM$11.9MM |
| Equity Capital | Q3 2018vs Q3 2017 | $2.8MM$2.7MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $55.00K$48.00K |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $17.00K$19.00K |
| Real Estate Owned | Q3 2018vs Q3 2017 | $0$0 |
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Federal Employees Newark Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | - | - | Savings Account | |
| 0.25% | - | - | IRA Savings Account |
Federal Employees Newark Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Checking Account |
Federal Employees Newark Credit Union CD Rates
Federal Employees Newark Credit Union IRA Rates
Locations
| Federal Employees Newark Credit Union Locations | ||
|---|---|---|
| Branch Office | 970 Broad St | Newark, NJ 07102-2534 |