Atlantic Federal Credit Union (NJ)
Overview / Commentary
Atlantic Federal Credit Union (NJ) is headquartered in Springfield and is the 15th largest credit union in the state of New Jersey. It is also the 1,173rd largest credit union in the nation. It was established in 1935 and as of June of 2022, it had grown to 44 employees and 17,236 members at 3 locations. Atlantic Federal Credit Union (NJ) has a B+ health rating.
Field of Membership Restrictions
Atlantic Federal Credit Union is open to those who live, work, worship, attend school, or regularly conduct business in Essex or Union Counties, New Jersey. Immediate family and household members of existing members are also eligible.
See current membership details
Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 477 |
| Year Chartered | 1935 |
| Employees | 44 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 3.51% |
| Annual Interest Income | $4.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $228.2MM$246.5MM |
| Loans | Q2 2022vs Q2 2021 | $171.3MM$152.3MM |
| Deposits | Q2 2022vs Q2 2021 | $194.6MM$213.4MM |
| Equity Capital | Q2 2022vs Q2 2021 | $30.8MM$31.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $996.00K$1.1MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.1MM$539.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |