Rutgers Federal Credit Union (RFCU) is headquartered in New Brunswick and is the 34th largest credit union in the state of New Jersey. It is also the 1,889th largest credit union in the nation. It was established in 1954 and as of December of 2020, it had grown to 10 employees and 8,733 members at 2 locations. Rutgers Federal Credit Union (RFCU) has a C 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
Nothing Stellar, Just Steady
Rutgers Fedral Credit Union is has just two branches.I have taken out two loans through the bank. On eissue is that studenst are allowed to work in ceratin capacitties at the bank. This can make it difficult when you have questions. There is alot of personla ocntact as the bank is so small. They are very efficient , however for larger loans , I recommend a larger instituton. The bank is well run and the support staff is wonderful.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9237 |
| Year Chartered | 1954 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.11% |
| Return on Equity - YTD | 1.83% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $87.9MM$76.7MM |
| Loans | Q4 2020vs Q4 2019 | $27.9MM$33.9MM |
| Deposits | Q4 2020vs Q4 2019 | $82.2MM$71.2MM |
| Equity Capital | Q4 2020vs Q4 2019 | $5.1MM$5.0MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.6MM$2.7MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $3.2MM$1.1MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $111.00K$111.00K |