Rutgers Federal Credit Union (RFCU)


Overview / Commentary
732-445-3050
98 College Ave
New Brunswick, NJ 08901

Rutgers Federal Credit Union (RFCU) is headquartered in New Brunswick and is the 33rd largest credit union in the state of New Jersey. It is also the 1,864th largest credit union in the nation. It was established in 1954 and as of June of 2022, it had grown to 9 employees and 8,155 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

Reviews (2)

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.

Member Services Nonexistent

Posted by: |

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.



Health
C+
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
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD19.08%
Annual Interest Income$737.00K
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$96.7MM$94.1MM
LoansQ2 2022vs Q2 2021$25.6MM$27.5MM
DepositsQ2 2022vs Q2 2021$89.1MM$88.0MM
Equity CapitalQ2 2022vs Q2 2021$6.9MM$5.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.3MM$2.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$3.1MM$3.1MM
Real Estate OwnedQ2 2022vs Q2 2021$0$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%$250-Vacation Club Account
0.05%$250-Holiday Club Account
0.05%$250-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 Office85 Davidson RdPiscataway, NJ 08854-5695

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