Greater Alliance Federal Credit Union
Overview / Commentary
Greater Alliance Federal Credit Union is headquartered in Paramus and is the 14th largest credit union in the state of New Jersey. It is also the 1,159th largest credit union in the nation. It was established in 1937 and as of September of 2022, it had grown to 55 employees and 21,064 members at 3 locations. Greater Alliance Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Greater Alliance Federal Credit Union is open to those who live, work, do business, worship, volunteer, or attend school in Bergen or Passaic Counties, New Jersey.
See current membership details
Health
B
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2182 |
| Year Chartered | 1937 |
| Employees | 55 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 9.47% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $233.3MM$236.8MM |
| Loans | Q3 2022vs Q3 2021 | $169.6MM$149.4MM |
| Deposits | Q3 2022vs Q3 2021 | $210.3MM$215.5MM |
| Equity Capital | Q3 2022vs Q3 2021 | $19.0MM$17.1MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $1.7MM$2.7MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $2.9MM$3.3MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |