Overview / Commentary
124 S Ridgedale AVe
East Hanover, NJ 07936

Novartis Federal Credit Union is headquartered in East Hanover and is the 24th largest credit union in the state of New Jersey. It is also the 1,447th largest credit union in the nation. It was established in 1947 and as of December of 2018, it had grown to 16 employees and 5,000 members at 3 locations. Novartis Federal Credit Union's money market rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of Novartis Pharmaceuticals Corporation (Nationwide) or several related companies.
See current membership details


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Health Grade Components

NCUA #5419
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD5.15%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$119.8MM$122.7MM
LoansQ4 2018vs Q4 2017$33.4MM$35.6MM
DepositsQ4 2018vs Q4 2017$103.7MM$108.1MM
Equity CapitalQ4 2018vs Q4 2017$13.8MM$13.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$306.00K$284.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$485.00K$510.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Novartis Federal Credit Union Savings Account Rates

0.15%--IRA Share Account
0.10%$100-Regular Share Account
0.10%--Club Account

Novartis Federal Credit Union Money Market Rates

1.25%*$25k*-Money Market Account
OTHER TIERS: 0.75% $500 - $2.5k | 1.05% $2.5k - $25k

Novartis Federal Credit Union Checking Account Rates

0.05%$500-Share Draft Account

Novartis Federal Credit Union CD Rates

2.75%$500-60 Month Share Certificate
2.50%$500-48 Month Share Certificate
2.25%$500-36 Month Share Certificate
2.00%$500-24 Month Share Certificate
1.75%$500-12 Month Share Certificate
1.55%$500-6 Month Share Certificate
1.35%$500-3 Month Share Certificate

Novartis Federal Credit Union IRA Rates

2.00%$500-60 Month IRA Share Certificate
1.50%$500-36 Month IRA Share Certificate
1.25%$500-18 Month IRA Share Certificate

Novartis Federal Credit Union Locations
Branch Office124 S Ridgedale AVeEast Hanover, NJ 07936
Branch Office1 Health Plz Bldg 315 Building 432East Hanover, NJ 07936-1016
Branch Office25 Old Mill RoadSuffern, NY 10901

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