Thunderbolt Area Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
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CURRENT TOP RATE
1.50% APY
IRA Savings
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Overview / Commentary
Thunderbolt Area Federal Credit Union is headquartered in Millville and is the 63rd largest credit union in the state of New Jersey. It is also the 3,128th largest credit union in the nation. It was established in 1951 and as of September of 2019, it had grown to 5 employees and 3,034 members at 1 location. Thunderbolt Area Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership to Thunderbolt Area Federal Credit Union is open members of select employee groups and their families, and to those who worship, work, attend school, shop or live in Millville, New Jersey.
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Health
B
Data as of Q3 2019
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 | 1.46% |
| Return on Equity - YTD | 14.73% |
| Annual Interest Income | $671.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $24.3MM$23.7MM |
| Loans | Q3 2019vs Q3 2018 | $8.1MM$7.7MM |
| Deposits | Q3 2019vs Q3 2018 | $21.8MM$21.5MM |
| Equity Capital | Q3 2019vs Q3 2018 | $2.4MM$2.2MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $364.00K$350.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $101.00K$214.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |