First Point Federal Credit Union


Overview / Commentary
609-838-2847
2733 Nottingham Way Ste 5
HAMILTON, NJ 08619

First Point Federal Credit Union is headquartered in HAMILTON and is the 58th largest credit union in the state of New Jersey. It is also the 2,998th largest credit union in the nation. It was established in 1955 and as of September of 2020, it had grown to 4 employees and 1,922 members at 2 locations. First Point Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Fort Dodge Animal Health Division, J-Star Research, Inc., Wyeth, Ford Farewell Mills & Gatsch Architects, LLC, M. Dorell Wood II, CPA, Comgenex International, Chemspeed, Inc., Guards and Security Local 1412, Sports Arena Employees Local #137, Silgan Container Corporation, Enemine LTD, Nutter’s Landscaping, Schweitzer-Maudit who work in Spotswood, TYRX, Inc who work in Monmouth Jct NJ.
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Health
B+
Additional 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 Chartered1955
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.03%
Return on Equity - YTD0.3%
Annual Interest Income$589.00K
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$29.8MM$27.5MM
LoansQ3 2020vs Q3 2019$7.8MM$9.0MM
DepositsQ3 2020vs Q3 2019$26.6MM$25.0MM
Equity CapitalQ3 2020vs Q3 2019$3.1MM$2.4MM
Loan Loss AllowanceQ3 2020vs Q3 2019$141.00K$139.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$220.00K$139.00K
Real Estate OwnedQ3 2020vs Q3 2019$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Point Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$100-IRA Share Account
0.25%*$35k*$1000kRegular Share Account
OTHER TIERS: 0.10% $50 - $5k | 0.15% $5k - $20k | 0.20% $20k - $35k
0.10%--Christmas Club
0.10%--Vacation Club

First Point Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-5 Year CD
0.60%$500-3 Year CD
0.50%$500-2 Year CD
0.40%$500-1 Year CD
0.40%$500-18 Month CD
0.30%$500-6 Month CD
0.25%$500-3 Month CD

First Point Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$1k-5 Year IRA
0.60%$1k-3 Year IRA
0.50%$1k-2 Year IRA
0.40%$1k-1 Year IRA
0.40%$1k-18 Month IRA
0.30%$1k-6 Month IRA
0.25%$1k-3 Month IRA
Locations


First Point Federal Credit Union Locations
Branch Office2430 HAMILTON AVE STE 2HAMILTON, NJ 08619
Branch Office1130 US HIGHWAY 202 STE B4RARITAN, NJ 08869-1494

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