Thunderbolt Area Federal Credit Union
Overview / Commentary
Thunderbolt Area Federal Credit Union is headquartered in Millville and is the 66th largest credit union in the state of New Jersey. It is also the 3,196th largest credit union in the nation. It was established in 1951 and as of March of 2018, it had grown to 5 employees and 2,907 members at 1 location. Thunderbolt Area Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school, worship, or do business in Millville.
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Health
B
Data as of Q1 2018
Learn why bank health mattersAdditional 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. Thunderbolt Area Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7289 |
| Year Chartered | 1951 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 10.26% |
| Annual Interest Income | $177.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $23.7MM$21.7MM |
| Loans | Q1 2018vs Q1 2017 | $7.4MM$6.9MM |
| Deposits | Q1 2018vs Q1 2017 | $21.7MM$19.7MM |
| Equity Capital | Q1 2018vs Q1 2017 | $2.0MM$1.9MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $346.00K$299.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $152.00K$215.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$0 |
Rates
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Thunderbolt Area Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | - | - | IRA Savings | |
| 0.10% | - | - | Club Account | |
| 0.10% | - | - | Share Account |
Locations
| Thunderbolt Area Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1601 Cedar St | Millville, NJ 08332-9403 |