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 904th largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 53 employees and 20,012 members at 4 locations. First Atlantic has a B health rating.
Field of Membership Restrictions
Must live, work, worship or attend school in Monmouth or Ocean County, New Jersey.
See current membership details
Health
B
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 82 |
| Year Chartered | 1935 |
| Employees | 53 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 7.54% |
| Annual Interest Income | $10.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $262.6MM$269.1MM |
| Loans | Q4 2019vs Q4 2018 | $200.7MM$195.4MM |
| Deposits | Q4 2019vs Q4 2018 | $235.9MM$244.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $24.1MM$22.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $790.00K$784.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.3MM$1.4MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $87.00K$0 |