Proponent Federal Credit Union

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Overview / Commentary

800-457-8058

536 Washington Ave
Nutley, NJ 07110

Proponent Federal Credit Union is headquartered in Nutley and is the 4^th largest credit union in the state of New Jersey. It is also the 700^th 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.

Field of Membership Restrictions

Membership in Proponent Federal Credit Union is open to employees or retirees of Select Employer Groups.
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Related Posts

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2006

10/14 - 6.00% 7-Month CD at a New Jersey/North Carolina CU (Proponent)

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Health

A

Data as of Q3 2022

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Health Grade Components

Overall
NCUA #	20448
Year Chartered	1971
Employees	63
Primary Regulator

Profit Margin
Return on Assets - YTD	0.54%
Return on Equity - YTD	5.13%
Annual Interest Income	$13.0MM

Assets and Liabilities
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

Rates

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Savings
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.00%^*	$25k^*	-	Pro Savings Share Account
OTHER TIERS: 0.10% → Up to $10k \| 0.65% → $10k - $25k
1.00%^*	$25k^*	-	Custodial Savings Account
OTHER TIERS: 0.10% → Up to $10k \| 0.65% → $10k - $25k
1.00%^*	$25k^*	-	IRA Savings Account
OTHER TIERS: 0.10% → Up to $10k \| 0.65% → $10k - $25k
0.10%	-	-	You-Name-It Savings
0.10%	$50	-	Membership Savings

Proponent Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$50k^*	-	Platinum Checking
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $50k

Proponent Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.72%^*	$25k^*	-	60 Month CD
OTHER TIERS: 2.62% → $500 - $10k \| 2.67% → $10k - $25k
2.47%^*	$25k^*	-	48 Month CD
OTHER TIERS: 2.38% → $500 - $10k \| 2.43% → $10k - $25k
2.23%^*	$25k^*	-	36 Month CD
OTHER TIERS: 2.13% → $500 - $10k \| 2.18% → $10k - $25k
1.98%^*	$25k^*	-	24 Month CD
OTHER TIERS: 1.88% → $500 - $10k \| 1.93% → $10k - $25k
1.73%^*	$25k^*	-	12 Month CD
OTHER TIERS: 1.64% → $500 - $10k \| 1.69% → $10k - $25k
1.20%^*	$25k^*	-	6 Month CD
OTHER TIERS: 1.14% → $500 - $10k \| 1.19% → $10k - $25k
1.00%^*	$25k^*	-	3 Month CD
OTHER TIERS: 0.90% → $500 - $10k \| 0.95% → $10k - $25k

Proponent Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.72%^*	$25k^*	-	60 Month IRA CD
OTHER TIERS: 2.62% → $500 - $10k \| 2.67% → $10k - $25k
2.47%^*	$25k^*	-	48 Month IRA CD
OTHER TIERS: 2.38% → $500 - $10k \| 2.43% → $10k - $25k
2.23%^*	$25k^*	-	36 Month IRA CD
OTHER TIERS: 2.13% → $500 - $10k \| 2.18% → $10k - $25k
1.98%^*	$25k^*	-	24 Month IRA CD
OTHER TIERS: 1.88% → $500 - $10k \| 1.93% → $10k - $25k
1.73%^*	$25k^*	-	12 Month IRA CD
OTHER TIERS: 1.64% → $500 - $10k \| 1.69% → $10k - $25k
1.20%^*	$25k^*	-	6 Month IRA CD
OTHER TIERS: 1.14% → $500 - $10k \| 1.19% → $10k - $25k
1.00%^*	$25k^*	-	3 Month IRA CD
OTHER TIERS: 0.90% → $500 - $10k \| 0.95% → $10k - $25k

Locations

Proponent Federal Credit Union Locations
Branch Office	536 Washington Ave	Nutley, NJ 07110
Branch Office	3504 Forestdale Dr	Burlington, NC 27215-4693

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