Picatinny Federal Credit Union


Overview / Commentary
973-361-5225
100 Mineral Springs Rd
Dover, NJ 07801-1635

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 September of 2024, it had grown to 60 employees and 19,783 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

Reviews (2)

Pictatinny Federal Union Clueless Banking For Clueless People

If you want to do banking with a bunch of clueless, we dont know what we are doing, but we are here just to collect a paycheck. Go to Picattiny Federal Credit! The most disorganized, don't know what they are talking about, but we will just say it anyways, bank!

Lets just start off with, they have ONE ATM MACHINE WORKING FOR THE PAST MONTH! No matter which branch you go to, you'll see a sign up saying they've been out of service since August 2024, Rockaway pulled out their ATM Machine and you're just left with one branch!

DO NOT USE YOUR DEBIT CARD FROM THIS BANK. They will tell you that you have no rights to file a chargeback when they are legally obligated by both Visa and the Electronic Funds Act to dispute any and all transactions a customer's account has. You contact them, and they are that stupid that they will say in writting to go back to the merchant who charged your card. Why do you think people are filing charge backs morons! Because they attempted to work things out. Thats who this bank thinks and operates!

Everytime you walk into the Denville Branch your not welcomed, your treated as if your some sort of criminal and they give you the absolute run around with their lies. The branch manager needs to be fired and a new group of people need to be rehired.

We usually try to limit our banking to the ATM but you CANNOT trust Picatinny Whatsoever! At least 2 to 4 times a month, you'll drive to Denville only having to go to another location because their ATM is always down!

Online Banking

Posted by: |

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



Health

Health Grade Components

Overall
NCUA #3291
Year Chartered1939
Employees60
Primary Regulator
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD1.97%
Annual Interest Income$13.1MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$442.4MM$459MM
LoansQ3 2024vs Q3 2023$260.3MM$254.5MM
DepositsQ3 2024vs Q3 2023$378.8MM$388MM
Equity CapitalQ3 2024vs Q3 2023$35.7MM$27.8MM
Loan Loss AllowanceQ3 2024vs Q3 2023$990K$961K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$1.7MM$882K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates

Rates for Picatinny Federal Credit Union are currently being reviewed.

Locations


Picatinny Federal Credit Union Locations
Branch OfficeArdec S Bldg 30Picatinny Arsenal, NJ 07806
Branch Office10 International DR SFlanders, NJ 07836
Branch Office340 E Main StDenville, NJ 07834-2527
Branch Office100 Mineral Springs RDDover, NJ 07801
Branch Office200 Baldwin Rd # 128Parsippany, NJ 07054-2010

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