Overview / Commentary
973-375-9182
195 Norman Rd
Newark, NJ 07106

Newark Board Of Education Employees Credit Union is headquartered in Newark and is the 64th largest credit union in the state of New Jersey. It is also the 3,096th largest credit union in the nation. It was established in 1935 and as of September of 2018, it had grown to 6 employees and 3,848 members at 2 locations. Newark Board Of Education Employees Credit Union has a C- health rating.

Field of Membership Restrictions

Membership is open to employees of any of the Newark Public Schools.
See current membership details

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Health
C-
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. Newark Board Of Education Employees Credit Union has a low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #62796
Year Chartered1935
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD-2.1%
Return on Equity - YTD-16.28%
Annual Interest Income$540.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$25.3MM$27.1MM
LoansQ3 2018vs Q3 2017$7.5MM$10.4MM
DepositsQ3 2018vs Q3 2017$21.9MM$22.7MM
Equity CapitalQ3 2018vs Q3 2017$3.4MM$4.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.8MM$2.1MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.7MM$818.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Newark Board Of Education Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%--IRA Account
0.25%*$10k*-Share (Savings) Account
OTHER TIERS: 0.20% Up to $10k
0.20%--Christmas Club Account
0.20%--Vacation Club Account

Newark Board Of Education Employees Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Share Draft (Checking) Account

Newark Board Of Education Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-24 Month Share Certificate
0.60%$1k-12 Month Share Certificate
0.40%$1k-6 Month Share Certificate
0.25%$1k-3 Month Share Certificate
Locations


Newark Board Of Education Employees Credit Union Locations
Branch Office195 Norman RdNewark, NJ 07106
Branch Office2 Cedar StreetNewark, NJ 07102

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