Rutgers Federal Credit Union (RFCU)


Overview / Commentary
732-932-7645
98 College Ave
New Brunswick, NJ 08901

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

Reviews (1)

Nothing Stellar, Just Steady

Posted by: |

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.



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Rutgers Federal Credit Union (RFCU) has a relatively low asset base.

Health Grade Components

Overall
NCUA #9237
Year Chartered1954
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD0.11%
Return on Equity - YTD1.83%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$87.9MM$76.7MM
LoansQ4 2020vs Q4 2019$27.9MM$33.9MM
DepositsQ4 2020vs Q4 2019$82.2MM$71.2MM
Equity CapitalQ4 2020vs Q4 2019$5.1MM$5.0MM
Loan Loss AllowanceQ4 2020vs Q4 2019$2.6MM$2.7MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$3.2MM$1.1MM
Real Estate OwnedQ4 2020vs Q4 2019$111.00K$111.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Rutgers Federal Credit Union (RFCU) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$250-Savings Account
0.05%--Vacation Club Account
0.05%--Holiday Club Account
0.05%--RFCU’s “ME” Club Account

Rutgers Federal Credit Union (RFCU) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.11%*$125k*-Money Market Account
OTHER TIERS: 0.05% $2.5k - $25k | 0.07% $25k - $75k | 0.09% $75k - $125k

Rutgers Federal Credit Union (RFCU) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$500-60 Month CD
0.20%$500-48 Month CD
0.15%$500-36 Month CD
0.10%$500-24 Month CD
0.09%$500-12 Month CD
0.07%$500-6 Month CD
Locations


Rutgers Federal Credit Union (RFCU) Locations
Branch Office98 College AveNew Brunswick, NJ 08901-1149
Branch Office85 Davidson RdPiscataway, NJ 08854-5695

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