Overview / Commentary
Atlantic Federal Credit Union (NJ) is headquartered in Kenilworth and is the 11th largest credit union in the state of New Jersey. It is also the 1,023rd largest credit union in the nation. It was established in 1935 and as of June of 2020, it had grown to 60 employees and 18,152 members at 2 locations. Atlantic Federal Credit Union (NJ)'s money market rates are 14% higher than the national average, and it boasts an A+ 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
A+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 477 |
| Year Chartered | 1935 |
| Employees | 60 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.58% |
| Return on Equity - YTD | -4.3% |
| Annual Interest Income | $4.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $241.7MM$235.2MM |
| Loans | Q2 2020vs Q2 2019 | $175.7MM$165.0MM |
| Deposits | Q2 2020vs Q2 2019 | $208.3MM$196.3MM |
| Equity Capital | Q2 2020vs Q2 2019 | $32.0MM$32.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.2MM$1.9MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.0MM$2.2MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |