Overview / Commentary
N. J. Latvian Federal Credit Union is headquartered in Freehold and is the 101st largest credit union in the state of New Jersey. It is also the 4,087th largest credit union in the nation. It was established in 1971 and as of March of 2020, it had grown to 191 members at 1 location. N. J. Latvian Federal Credit Union's CD rates are 68% higher than the national average, and it has a C+ health rating.
Health
C+
Data as of Q1 2020
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. N. J. Latvian Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 20463 |
| Year Chartered | 1971 |
| Employees | 0 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 3.72% |
| Annual Interest Income | $58.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $9.0MM$9.0MM |
| Loans | Q1 2020vs Q1 2019 | $401.00K$468.00K |
| Deposits | Q1 2020vs Q1 2019 | $7.8MM$8.1MM |
| Equity Capital | Q1 2020vs Q1 2019 | $1.2MM$881.00K |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $21.00K$10.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $22.00K$23.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |