Hoboken School Employees Federal Credit Union
Overview / Commentary
Hoboken School Employees Federal Credit Union is headquartered in HOBOKEN and is the 40th largest credit union in the state of New Jersey. It is also the 2,155th largest credit union in the nation. It was established in 1937 and as of December of 2019, it had grown to 3 employees and 1,882 members at 1 location. Hoboken School Employees Federal Credit Union has an A health rating.
Field of Membership Restrictions
Must be an employee of Hoboken Board of Education or Hoboken Parking Authority or be a member of Hoboken Elks Lodge #74.
See current membership details
Health
A
Data as of Q4 2019
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. Hoboken School Employees Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 2155 |
| Year Chartered | 1937 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 2.21% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $59.6MM$54.6MM |
| Loans | Q4 2019vs Q4 2018 | $24.1MM$23.7MM |
| Deposits | Q4 2019vs Q4 2018 | $45.1MM$40.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $14.3MM$14.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $237.00K$225.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $480.00K$428.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |