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.
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
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!
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
Overall | |
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NCUA # | 3291 |
Year Chartered | 1939 |
Employees | 60 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.16% |
Return on Equity - YTD | 1.97% |
Annual Interest Income | $13.1MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $442.4MM$459MM |
Loans | Q3 2024vs Q3 2023 | $260.3MM$254.5MM |
Deposits | Q3 2024vs Q3 2023 | $378.8MM$388MM |
Equity Capital | Q3 2024vs Q3 2023 | $35.7MM$27.8MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $990K$961K |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $1.7MM$882K |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
Rates for Picatinny Federal Credit Union are currently being reviewed.
Picatinny Federal Credit Union Locations | ||
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Branch Office | Ardec S Bldg 30 | Picatinny Arsenal, NJ 07806 |
Branch Office | 10 International DR S | Flanders, NJ 07836 |
Branch Office | 340 E Main St | Denville, NJ 07834-2527 |
Branch Office | 100 Mineral Springs RD | Dover, NJ 07801 |
Branch Office | 200 Baldwin Rd # 128 | Parsippany, NJ 07054-2010 |