Jersey Central Federal Credit Union

Overview / Commentary

www.jerseycentralfcu.com

888-772-3040

23 North Ave E
Cranford, NJ 07016

Jersey Central Federal Credit Union is headquartered in Cranford and is the 67^th largest credit union in the state of New Jersey. It is also the 3,301^st 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.
See current membership details

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Health

B+

Data as of Q2 2020

Learn why bank health matters

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

Overall
NCUA #	2493
Year Chartered	1937
Employees	7
Primary Regulator

Profit Margin
Return on Assets - YTD	0.51%
Return on Equity - YTD	2.62%
Annual Interest Income	$672.00K

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$22.2MM$17.5MM
Loans	Q2 2020vs Q2 2019	$11.1MM$11.5MM
Deposits	Q2 2020vs Q2 2019	$18.0MM$13.4MM
Equity Capital	Q2 2020vs Q2 2019	$4.1MM$4.0MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$223.00K$195.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$158.00K$133.00K
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

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Savings
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Jersey Central Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$20k^*	-	Checking Account
OTHER TIERS: 0.05% → $5k - $10k \| 0.10% → $10k - $20k

Jersey Central Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.57%	$500	$50k	5 Year CD
1.43%	$500	$50k	4 Year CD
1.31%	$500	$50k	3 Year CD
1.16%	$500	$50k	2 Year CD
0.93%	$500	$50k	18 Month CD
0.90%	$500	$50k	12 Month CD
0.73%	$500	$50k	9 Month CD
0.61%	$500	$50k	6 Month CD
0.40%	$500	$50k	3 Month CD

Locations

Jersey Central Federal Credit Union Locations
Branch Office	23 North Ave E	Cranford, NJ 07016-2196

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