Proponent Federal Credit Union


Overview / Commentary
800-457-8058
536 Washington Ave
Nutley, NJ 07110

Proponent Federal Credit Union is headquartered in Nutley and is the 4th largest credit union in the state of New Jersey. It is also the 634th largest credit union in the nation. It was established in 1971 and as of June of 2020, it had grown to 75 employees and 24,645 members at 2 locations. Proponent Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Proponent Federal Credit Union is open to employees or retirees of Select Employer Groups.
See current membership details

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Health
B+

Health Grade Components

Overall
NCUA #20448
Year Chartered1971
Employees75
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD3.98%
Annual Interest Income$9.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$502.9MM$475.0MM
LoansQ2 2020vs Q2 2019$404.5MM$378.9MM
DepositsQ2 2020vs Q2 2019$438.3MM$413.3MM
Equity CapitalQ2 2020vs Q2 2019$61.9MM$58.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$7.7MM$9.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$11.7MM$10.5MM
Real Estate OwnedQ2 2020vs Q2 2019$203.00K$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.

Proponent Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-Pro Savings Share Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k
0.30%*$25k*-Custodial Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k
0.30%*$25k*-IRA Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k
0.10%--You-Name-It Savings
0.10%$50-Membership Savings

Proponent Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Platinum Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k

Proponent Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$25k*-60 Month CD
OTHER TIERS: 0.90% $500 - $10k | 0.95% $10k - $25k
0.90%*$25k*-48 Month CD
OTHER TIERS: 0.80% $500 - $10k | 0.85% $10k - $25k
0.80%*$25k*-36 Month CD
OTHER TIERS: 0.70% $500 - $10k | 0.75% $10k - $25k
0.70%*$25k*-24 Month CD
OTHER TIERS: 0.60% $500 - $10k | 0.65% $10k - $25k
0.60%*$25k*-12 Month CD
OTHER TIERS: 0.50% $500 - $10k | 0.55% $10k - $25k
0.50%*$25k*-6 Month CD
OTHER TIERS: 0.40% $500 - $10k | 0.45% $10k - $25k
0.40%*$25k*-3 Month CD
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k

Proponent Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$25k*-60 Month IRA CD
OTHER TIERS: 0.90% $500 - $10k | 0.95% $10k - $25k
0.90%*$25k*-48 Month IRA CD
OTHER TIERS: 0.80% $500 - $10k | 0.85% $10k - $25k
0.80%*$25k*-36 Month IRA CD
OTHER TIERS: 0.70% $500 - $10k | 0.75% $10k - $25k
0.70%*$25k*-24 Month IRA CD
OTHER TIERS: 0.60% $500 - $10k | 0.65% $10k - $25k
0.60%*$25k*-12 Month IRA CD
OTHER TIERS: 0.50% $500 - $10k | 0.55% $10k - $25k
0.50%*$25k*-6 Month IRA CD
OTHER TIERS: 0.40% $500 - $10k | 0.45% $10k - $25k
0.40%*$25k*-3 Month IRA CD
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k
Locations


Proponent Federal Credit Union Locations
Branch Office536 Washington AveNutley, NJ 07110
Branch Office3504 Forestdale DrBurlington, NC 27215-4693

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