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 700th largest credit union in the nation. It was established in 1971 and as of September of 2022, it had grown to 63 employees and 20,075 members at 2 locations. Proponent Federal Credit Union's savings rates are 92% higher than the national average, and it has an A health rating.
Membership in Proponent Federal Credit Union is open to employees or retirees of Select Employer Groups.
See current membership details
Overall | |
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NCUA # | 20448 |
Year Chartered | 1971 |
Employees | 63 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.54% |
Return on Equity - YTD | 5.13% |
Annual Interest Income | $13.0MM |
Assets and Liabilities | ||
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Assets | Q3 2022vs Q3 2021 | $525.4MM$527.5MM |
Loans | Q3 2022vs Q3 2021 | $393.4MM$371.0MM |
Deposits | Q3 2022vs Q3 2021 | $463.0MM$460.7MM |
Equity Capital | Q3 2022vs Q3 2021 | $55.9MM$63.6MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $7.3MM$8.8MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $5.2MM$12.7MM |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$203.00K |
Always verify rates and promotions with the bank or credit union. We are not Proponent Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.20%* | $50k* | - | Platinum Checking | ||
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $50k |
Proponent Federal Credit Union Locations | ||
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Branch Office | 536 Washington Ave | Nutley, NJ 07110 |
Branch Office | 3504 Forestdale Dr | Burlington, NC 27215-4693 |