IRCO Community Federal Credit Union
Overview / Commentary
IRCO Community Federal Credit Union is headquartered in Phillipsburg and is the 31st largest credit union in the state of New Jersey. It is also the 1,896th largest credit union in the nation. It was established in 1966 and as of March of 2025, it had grown to 20 employees and 6,824 members at 2 locations. IRCO Community Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in IRCO Community Federal Credit Union is open to those who live, work, worship, attend school, volunteer, or regularly conduct business in the New Jersey cities of Phillipsburg or Alpha, or the New Jersey townships of Franklin, Greenwich, Harmony, Lopatcong or Pohatcong, or the Pennsylvania counties of Lehigh and Northampton.
See current membership details
Health
B+
Data as of Q1 2025
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. IRCO Community Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 17395 |
| Year Chartered | 1966 |
| Employees | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 4.9% |
| Annual Interest Income | $949K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $93MM$94.6MM |
| Loans | Q1 2025vs Q1 2024 | $49.5MM$45.6MM |
| Deposits | Q1 2025vs Q1 2024 | $84.7MM$86.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7.5MM$7MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $228K$184K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $6K$20K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |