Overview / Commentary
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 730th largest credit union in the nation. It was established in 1971 and as of September of 2024, it had grown to 65 employees and 18,842 members at 4 locations. Proponent Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Proponent Federal Credit Union is open to employees or retirees of more than 550 Select Employer Groups, including Roche and LabCorp.
See current membership details
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Health
A
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20448 |
| Year Chartered | 1971 |
| Employees | 65 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 3.15% |
| Annual Interest Income | $18.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $501.1MM$503.8MM |
| Loans | Q3 2024vs Q3 2023 | $410.9MM$421.2MM |
| Deposits | Q3 2024vs Q3 2023 | $429.3MM$413.4MM |
| Equity Capital | Q3 2024vs Q3 2023 | $66.1MM$60.7MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $6.2MM$7MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $4.6MM$4.7MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |