Featured Savings Rates
Featured Accounts

Proponent Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.90%5-year CD60 Month CD
0.65%1-year CD12 Month Combo CD
0.10%SavingsTrust Savings Account

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

Proponent Federal Credit Union is headquartered in Nutley and is the 3rd largest credit union in the state of New Jersey. It is also the 516th largest credit union in the nation. It was established in 1971 and as of March of 2017, it had grown to 87 employees and 25,818 members at 4 locations. Proponent Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership in Proponent Federal Credit Union is open to employees of Alamance County, G&S Technologies, Meadowlink, and over 200 area Select Employer Groups (membership requirements are listed in the credit union's online application).
See current membership details

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Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Proponent Federal Credit Union has a negative return on assets.

Health Grade Components

Overall
NCUA #20448
Year Chartered1971
Employees87
Primary Regulator
Profit Margin
Return on Assets - YTD-2.34%
Return on Equity - YTD-21.38%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$512.4MM$508.3MM
LoansQ1 2017vs Q1 2016$361.5MM$349.3MM
DepositsQ1 2017vs Q1 2016$454.3MM$449.0MM
Equity CapitalQ1 2017vs Q1 2016$55.3MM$56.8MM
Loan Loss AllowanceQ1 2017vs Q1 2016$8.8MM$4.7MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$18.3MM$7.5MM
Real Estate OwnedQ1 2017vs Q1 2016$0$201.00K
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
0.35%*$50k*-IRA Savings Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k | 0.25% $25k - $50k
0.20%*$1k*-High Yield Savings Account
OTHER TIERS: 0.10% Up to $1k
0.10%--Regular Share Account
0.10%--Trust Savings Account
0.10%--Custodial Savings Account
0.10%--Vacation Holiday Savings Account

Proponent Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Money Market Account
OTHER TIERS: 0.10% Up to $2,500 | 0.15% $2,500 - $10k | 0.20% $10k - $50k

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
0.05%--PRO 60 Checking

Proponent Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-60 Month Premium Benefits Rate CD
1.90%$1k-60 Month CD
1.75%$1k-42 Month Premium Benefits Rate CD
1.65%$1k-42 Month CD
1.50%$1k-30 Month Premium Benefits Rate CD
1.40%$1k-30 Month CD
1.30%$1k-24 Month Premium Benefits Rate CD
1.20%$1k-24 Month CD
0.75%$1k-12 Month Premium Benefits Rate CD
0.75%$2k-12 Month Combo Premium Benefits Rate CD
0.65%$1k-12 Month CD
0.65%$2k-12 Month Combo CD
0.65%$1k-9 Month Premium Benefits Rate CD
0.65%$2k-9 Month Combo Premium Benefits Rate CD
0.60%$1k-6 Month Premium Benefits Rate CD - New Money
0.55%$1k-9 Month CD
0.55%$2k-9 Month Combo CD
0.55%$1k-6 Month Premium Benefits Rate CD
0.50%$1k-6 Month CD - New Money
0.50%$1k-3 Month Premium Benefits Rate CD
0.50%$2k-6 Month Combo Premium Benefits Rate CD
0.45%$1k-6 Month CD
0.45%$1k-1 Month Premium Benefits Rate CD
0.45%$2k-3 Month Combo Premium Benefits Rate CD
0.40%$1k-3 Month CD
0.40%$2k-6 Month Combo CD
0.35%$1k-1 Month CD
0.35%$2k-3 Month Combo CD

Proponent Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-12 Month Tax Deferred Premium Benefits Rate CD
0.65%$1k-12 Month Tax Deferred CD
Locations


Proponent Federal Credit Union Locations
Branch Office358 S Main StBurlington, NC 27215-5837
Branch Office3504 Forestdale DrBurlington, NC 27215
Branch Office536 Washington AveNutley, NJ 07110
Branch Office427 Bloomfield AveMontclair, NJ 07042-3583