Members 1st of NJ Federal Credit Union
Overview / Commentary
Members 1st of NJ Federal Credit Union is headquartered in Vineland and is the 34th largest credit union in the state of New Jersey. It is also the 1,957th largest credit union in the nation. It was established in 1938 and as of March of 2025, it had grown to 21 employees and 9,570 members at 2 locations. Members 1st of NJ Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees and retirees of the credit union's select Employer Group, including The Boards of Education of Cumberland County, The Boards of Education of Salem County, Borough of Woodstown, and other select groups.
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. Members 1st of NJ Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 2574 |
| Year Chartered | 1938 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 6.63% |
| Annual Interest Income | $891K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $87.3MM$84.9MM |
| Loans | Q1 2025vs Q1 2024 | $48.8MM$48.6MM |
| Deposits | Q1 2025vs Q1 2024 | $80.2MM$78.2MM |
| Equity Capital | Q1 2025vs Q1 2024 | $6.6MM$6.2MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $286K$280K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $284K$266K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |