Raritan Bay Federal Credit Union is headquartered in Sayreville and is the 31st largest credit union in the state of New Jersey. It is also the 1,736th largest credit union in the nation. It was established in 1941 and as of December of 2020, it had grown to 22 employees and 10,596 members at 2 locations. Raritan Bay Federal Credit Union has a B health rating.
Field of Membership Restrictions
Raritan Bay Federal Credit Union offers membership to those who work, worship, live or attend school in Middlesex County.
See current membership details
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Cap Reduced
The cap has been reduced from 20K to 10K according to CU website
Awful Bank Avoid It
Awful bank. I wanted to freeze my account because I was switching banks and they refused to freeze it I informed them that if anything got debited there would be no way to cover it. They stated basically too bad I will get a fee. Awful bank. Oh yeah during sandy they would only let you take out 100 dollars at a time no matter your balance in your account. Awful awful bank so many other credit unions out there that are better.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4726 |
| Year Chartered | 1941 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.37% |
| Return on Equity - YTD | 5.47% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $102.8MM$87.5MM |
| Loans | Q4 2020vs Q4 2019 | $42.3MM$51.5MM |
| Deposits | Q4 2020vs Q4 2019 | $95.1MM$80.8MM |
| Equity Capital | Q4 2020vs Q4 2019 | $6.9MM$6.5MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $542.00K$551.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.8MM$1.3MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |