Rutgers Federal Credit Union (RFCU) is headquartered in New Brunswick and is the 32nd largest credit union in the state of New Jersey. It is also the 1,843rd largest credit union in the nation. It was established in 1954 and as of September of 2022, it had grown to 10 employees and 7,394 members at 1 location. 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.
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 Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9237 |
| Year Chartered | 1954 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.99% |
| Return on Equity - YTD | 13.86% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $98.6MM$94.9MM |
| Loans | Q3 2022vs Q3 2021 | $26.2MM$26.2MM |
| Deposits | Q3 2022vs Q3 2021 | $90.8MM$88.0MM |
| Equity Capital | Q3 2022vs Q3 2021 | $7.0MM$6.3MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $2.3MM$2.6MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $3.1MM$3.0MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$111.00K |