Raritan Bay Federal Credit Union is headquartered in Sayreville and is the 30th largest credit union in the state of New Jersey. It is also the 1,712th largest credit union in the nation. It was established in 1941 and as of June of 2021, it had grown to 22 employees and 10,424 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
Related Posts
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 Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4726 |
| Year Chartered | 1941 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.06% |
| Return on Equity - YTD | 1.03% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $111.7MM$98.4MM |
| Loans | Q2 2021vs Q2 2020 | $38.3MM$46.5MM |
| Deposits | Q2 2021vs Q2 2020 | $104.5MM$91.4MM |
| Equity Capital | Q2 2021vs Q2 2020 | $6.8MM$6.8MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $319.00K$547.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $1.0MM$2.2MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |