Overview / Commentary
First Point Federal Credit Union is headquartered in HAMILTON and is the 60th largest credit union in the state of New Jersey. It is also the 3,009th largest credit union in the nation. It was established in 1955 and as of March of 2025, it had grown to 3 employees and 1,671 members at 2 locations. First Point Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership in FirstPoint Federal Credit Union is open to employees of more than 30 Select Employer Groups, including New Jersey State Bureau of Parole, New Jersey Department of Corrections Central Office, and Guards and Security Local 1412, Laborers International Union of N.A., AFL-CIO.
See current membership details
Health
C+
Data as of Q1 2025
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. First Point Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 10319 |
| Year Chartered | 1955 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.58% |
| Return on Equity - YTD | -22.54% |
| Annual Interest Income | $246K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $26.4MM$26.5MM |
| Loans | Q1 2025vs Q1 2024 | $7.2MM$8.6MM |
| Deposits | Q1 2025vs Q1 2024 | $25.6MM$26MM |
| Equity Capital | Q1 2025vs Q1 2024 | $689K$438K |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $72K$166K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $58K$61K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |