Picatinny Federal Credit Union
Picatinny Federal Credit Union is headquartered in Dover and is the 7th largest credit union in the state of New Jersey. It is also the 792nd largest credit union in the nation. It was established in 1939 and as of June of 2024, it had grown to 63 employees and 19,725 members at 5 locations. Picatinny Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Picatinny Federal Credit Union is available to anyone who lives, works, worship, or attends school in Morris County, New Jersey. Immediate family members of anyone eligible to join also qualifies for membership.
See current membership details
Online Banking
Picatinny tried to roll out a new app.and online baking system ,complete disaster! Could not use my app or get online for two days,no access to baking information or to pay bills. Talk Ed to numerous representatives and they could not helped w,was told they are working on it. No advance notice of system update complete mess
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3291 |
| Year Chartered | 1939 |
| Employees | 63 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.17% |
| Return on Equity - YTD | 2.37% |
| Annual Interest Income | $8.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $442.5MM$450.7MM |
| Loans | Q2 2024vs Q2 2023 | $259.4MM$241.9MM |
| Deposits | Q2 2024vs Q2 2023 | $381.1MM$397.6MM |
| Equity Capital | Q2 2024vs Q2 2023 | $32.5MM$27.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1MM$871K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1MM$656K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |