Newark Board Of Education Employees Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.60%1-year CD12 Month Share Certificate
0.25%SavingsShare (Savings) Account
1.00%2-year CD24 Month Share Certificate

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 62nd largest credit union in the state of New Jersey. It is also the 3,037th largest credit union in the nation. It was established in 1935 and as of June of 2018, it had grown to 7 employees and 3,938 members at 2 locations. Newark Board Of Education Employees Credit Union has a B 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
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.

Health Grade Components

Overall
NCUA #62796
Year Chartered1935
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD-1.04%
Return on Equity - YTD-7.51%
Annual Interest Income$364.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$27.2MM$28.3MM
LoansQ2 2018vs Q2 2017$7.7MM$10.6MM
DepositsQ2 2018vs Q2 2017$23.4MM$23.7MM
Equity CapitalQ2 2018vs Q2 2017$3.8MM$4.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.7MM$2.0MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$332.00K$1.0MM
Real Estate OwnedQ2 2018vs Q2 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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