Overview / Commentary
Pinnacle Federal Credit Union is headquartered in Parlin and is the 31st largest credit union in the state of New Jersey. It is also the 1,869th largest credit union in the nation. It was established in 1962 and as of June of 2024, it had grown to 21 employees and 11,805 members at 2 locations. Pinnacle Federal Credit Union has a B health rating.
Field of Membership Restrictions
You may join Pinnacle FCU by becoming a member of the American Consumer Council with a membership fee of $5. Membership is also open to FujiColor, FujiFilm, and over 300 employer groups and immediate family of current members.
See current membership details
Health
B
Data as of Q2 2024
Learn why bank health mattersAdditional 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. Pinnacle Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15095 |
| Year Chartered | 1962 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.14% |
| Return on Equity - YTD | -3.01% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $94.9MM$103.5MM |
| Loans | Q2 2024vs Q2 2023 | $63.6MM$67.4MM |
| Deposits | Q2 2024vs Q2 2023 | $90.1MM$98.4MM |
| Equity Capital | Q2 2024vs Q2 2023 | $4.4MM$4.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $535K$774K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $258K$684K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |