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 656th largest credit union in the nation. It was established in 1971 and as of March of 2021, it had grown to 72 employees and 23,837 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.
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Health
B+

Health Grade Components

Overall
NCUA #20448
Year Chartered1971
Employees72
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD2.2%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$533.6MM$481.0MM
LoansQ1 2021vs Q1 2020$380.3MM$401.2MM
DepositsQ1 2021vs Q1 2020$468.9MM$417.7MM
Equity CapitalQ1 2021vs Q1 2020$62.0MM$61.2MM
Loan Loss AllowanceQ1 2021vs Q1 2020$8.5MM$7.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$12.7MM$13.1MM
Real Estate OwnedQ1 2021vs Q1 2020$203.00K$203.00K
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
0.20%*$25k*-Pro Savings Share Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k
0.20%*$25k*-Custodial Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k
0.20%*$25k*-IRA Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $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
0.90%*$25k*-60 Month CD
OTHER TIERS: 0.80% $500 - $10k | 0.85% $10k - $25k
0.80%*$25k*-48 Month CD
OTHER TIERS: 0.70% $500 - $10k | 0.75% $10k - $25k
0.70%*$25k*-36 Month CD
OTHER TIERS: 0.60% $500 - $10k | 0.65% $10k - $25k
0.60%*$25k*-24 Month CD
OTHER TIERS: 0.50% $500 - $10k | 0.55% $10k - $25k
0.50%*$25k*-12 Month CD
OTHER TIERS: 0.40% $500 - $10k | 0.45% $10k - $25k
0.40%*$25k*-6 Month CD
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k
0.30%*$25k*-3 Month CD
OTHER TIERS: 0.20% $500 - $10k | 0.25% $10k - $25k

Proponent Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$25k*-60 Month IRA CD
OTHER TIERS: 0.80% $500 - $10k | 0.85% $10k - $25k
0.80%*$25k*-48 Month IRA CD
OTHER TIERS: 0.70% $500 - $10k | 0.75% $10k - $25k
0.70%*$25k*-36 Month IRA CD
OTHER TIERS: 0.60% $500 - $10k | 0.65% $10k - $25k
0.60%*$25k*-24 Month IRA CD
OTHER TIERS: 0.50% $500 - $10k | 0.55% $10k - $25k
0.50%*$25k*-12 Month IRA CD
OTHER TIERS: 0.40% $500 - $10k | 0.45% $10k - $25k
0.40%*$25k*-6 Month IRA CD
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k
0.30%*$25k*-3 Month IRA CD
OTHER TIERS: 0.20% $500 - $10k | 0.25% $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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