Jersey Central Federal Credit Union

Overview / Commentary
23 North Ave E
Cranford, NJ 07016

Jersey Central Federal Credit Union is headquartered in Cranford and is the 67th largest credit union in the state of New Jersey. It is also the 3,301st largest credit union in the nation. It was established in 1937 and as of June of 2020, it had grown to 7 employees and 3,654 members at 1 location. Jersey Central Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Amtrak, Conrail, Capobianco & Gaudenzi Accountants & Auditors, CSX, CW Brabender Instruments, Coast to Coast Legal Funding, Delta Dental of NJ, Hayward Industries, Eaton Corporation, New Jersey Transit, Norfolk Southern, New York New Jersey Rail, Raritan Central Railway, Topco Inc., Schielke Insurance Agency.
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Additional 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. Jersey Central Federal Credit Union has a low asset base.

Health Grade Components

NCUA #2493
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD2.62%
Annual Interest Income$672.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$22.2MM$17.5MM
LoansQ2 2020vs Q2 2019$11.1MM$11.5MM
DepositsQ2 2020vs Q2 2019$18.0MM$13.4MM
Equity CapitalQ2 2020vs Q2 2019$4.1MM$4.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$223.00K$195.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$158.00K$133.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Jersey Central Federal Credit Union Savings Account Rates

0.45%*$25k*-Savings Account
OTHER TIERS: 0.10% $100 - $2.5k | 0.25% $2.5k - $10k | 0.35% $10k - $25k

Jersey Central Federal Credit Union Checking Account Rates

0.20%*$20k*-Checking Account
OTHER TIERS: 0.05% $5k - $10k | 0.10% $10k - $20k

Jersey Central Federal Credit Union CD Rates

1.57%$500$50k5 Year CD
1.43%$500$50k4 Year CD
1.31%$500$50k3 Year CD
1.16%$500$50k2 Year CD
0.93%$500$50k18 Month CD
0.90%$500$50k12 Month CD
0.73%$500$50k9 Month CD
0.61%$500$50k6 Month CD
0.40%$500$50k3 Month CD

Jersey Central Federal Credit Union Locations
Branch Office23 North Ave ECranford, NJ 07016-2196

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