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Federal Employees Newark Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
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Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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 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's CD rates are 4X the national average, and it 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

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Health
B+

Data as of Q1 2025

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 - YTD-1.57%
Return on Equity - YTD-9.63%
Annual Interest Income$158K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$15.4MM$15.3MM
LoansQ1 2025vs Q1 2024$8.5MM$9.5MM
DepositsQ1 2025vs Q1 2024$12.9MM$12.5MM
Equity CapitalQ1 2025vs Q1 2024$2.5MM$2.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$73K$98K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$37K$32K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/8/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Federal Employees Newark Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.04%$0-Savings Account

Federal Employees Newark Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$0-Checking Account

Federal Employees Newark Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.65%$1k-12 Month Share Certificate
3.55%$1k-24 Month Share Certificate
3.44%$1k-6 Month Share Certificate
3.44%$1k-36 Month Share Certificate
3.44%$1k-48 Month Share Certificate
3.24%$1k-60 Month Share Certificate

Federal Employees Newark Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.65%$1k-12 Month IRA Certificate
3.55%$1k-24 Month IRA Certificate
3.44%$1k-6 Month IRA Certificate
3.44%$1k-36 Month IRA Certificate
3.44%$1k-48 Month IRA Certificate
3.24%$1k-60 Month IRA Certificate
Locations


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

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