Rutgers Federal Credit Union (RFCU) is headquartered in New Brunswick and is the 37th largest credit union in the state of New Jersey. It is also the 2,004th largest credit union in the nation. It was established in 1954 and as of June of 2024, it had grown to 9 employees and 6,881 members at 3 locations. Rutgers Federal Credit Union (RFCU)'s CD rates are 11% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Rutgers Federal Credit Union membership is open to: (1) Employees of Rutgers University, Rutgers University Foundation; (2) Employees and immediate family or household members of the credit union; (3) Retired annuitants and pensioners; (4) Rutgers Council of AAUP Chapter; (5) Students who are attending Rutgers, the State University of New Jersey, headquartered in New Brunswick, New Jersey, and living in NJ.
See current membership details
Member Services Nonexistent
I've been a member for around 7 years. I used to be pretty happy. It's a credit union, so there was always some inconvenience, but the pros of banking with a credit union always outweighed those in my book. But over the last couple years, they have really gone downhill in terms of member services. I've been having an ongoing issue that has resulted in my online banking being locked for two months now. I've called member services many times and have left voicemails, but have been unable to get someone on the phone in over a month. The last person I was able to talk to had no idea how to solve my problem but wasn't even honest about this. It looks like I'm going to need to change bank again. Disappointing.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9237 |
| Year Chartered | 1954 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.01% |
| Return on Equity - YTD | 10.92% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $82.1MM$91.9MM |
| Loans | Q2 2024vs Q2 2023 | $24.9MM$26.9MM |
| Deposits | Q2 2024vs Q2 2023 | $73.3MM$84MM |
| Equity Capital | Q2 2024vs Q2 2023 | $7.8MM$7.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $149K$1.7MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $247K$2.1MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $111K$111K |