Employees Newark Federal Credit Union

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A short history of Employees Newark FCU

Since its inception in 1942 the Employees Newark Federal Credit Union has been serving its members in the NEWARK, New Jersey area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by John Newman, the Employees Newark FCU has grown its membership to over 2,236 with assets of more than $14,625,705. They have a main office and 0 branch offices. Please see the credit unions website or contact them by phone at (973) 622-6028 or email them at DARCANGELO@COMCAST.NET to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in NEWARK, NJ.

General Information For Employees Newark FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 4894
Address 970 BROAD STREET 
City NEWARK 
State New Jersey 
Zip-Code 07102
Phone Number (973) 622-6028
Fax Number (973) 622-6688
Email Address: DARCANGELO@COMCAST.NET
CEO/President John Newman
Members 2,236 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 14,625,705 
Website http://WWW.FENFCU.COM 

Compare Employees Newark Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Public Service Plaza CU PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION 80 Park Plz 07102 (973) 430-7923 No 0.19
Newark Post Office Employees CU NEWARK POST OFFICE 2 Federal Sq 07101 (973) 621-7553 No 0.25
Essex County Nj Employees CU Main Office 465 Dr Martin Luther King Jr Blvd 07102 (973) 643-4738 No 0.36
Israel Memorial A M E CU Israel Memorial AME 54 Lincoln St 07108 (973) 643-1333 No 0.53
Harrison Police & Firemen's CU HPFFCU OFFICE 326 Harrison Ave 07029 (973) 482-0963 No 1.13

Employees Newark Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Employees Newark Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 11.50 5.75 6.75 N/A 6.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 380 469 522 N/A 391
Rank Among All New Jersey Credit Unions 34 61 64 N/A 51

Employees Newark Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.25 N/A 1.00 0.25
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 95 N/A 174 266
Rank Among All New Jersey Credit Unions 6 26 N/A 22 33
Employees Newark Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.500202388,811
All Other Unsecured Loans/Lines of Credit 14.000660984,743
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 8.0001361,018,875
New Vehicle Loans 5.75015286,721
Used Vehicle Loans 6.75049457,844
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 6.500556,331,180
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.000223,020
TOTAL LOANS & LEASES 1,1199,491,194

Employees Newark Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 485,974,5185682,400
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 7356,6626112,064
Open-End Fixed Rate 0000
TOTALS 556,331,18011794,464

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Employees Newark Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans No
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program No
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website No