Overview / Commentary
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 3,653rd largest credit union in the nation. It was established in 1942 and as of March of 2020, it had grown to 4 employees and 2,160 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 Q1 2020
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 | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 1.98% |
| Annual Interest Income | $136.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $14.4MM$14.5MM |
| Loans | Q1 2020vs Q1 2019 | $9.4MM$10.2MM |
| Deposits | Q1 2020vs Q1 2019 | $11.6MM$11.7MM |
| Equity Capital | Q1 2020vs Q1 2019 | $2.8MM$2.8MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $51.00K$60.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $10.00K$23.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |