Overview / Commentary
First Atlantic is headquartered in EATONTOWN and is the 10th largest credit union in the state of New Jersey. It is also the 1,041st largest credit union in the nation. It was established in 1935 and as of September of 2024, it had grown to 44 employees and 24,227 members at 4 locations. First Atlantic has a B+ health rating.
Field of Membership Restrictions
First Atlantic is open to anyone who lives, works, worships, or goes to school in Ocean or Monmouth County. Immediate family members of existing credit union members are also eligible to join.
See current membership details
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 82 |
| Year Chartered | 1935 |
| Employees | 44 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.6% |
| Return on Equity - YTD | 12.68% |
| Annual Interest Income | $11.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $291.8MM$292.2MM |
| Loans | Q3 2024vs Q3 2023 | $215.6MM$233.1MM |
| Deposits | Q3 2024vs Q3 2023 | $248.8MM$253.4MM |
| Equity Capital | Q3 2024vs Q3 2023 | $37MM$32.5MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $1.7MM$1.4MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $3.6MM$4.5MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |