New Community Federal Credit Union

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A short history of New Community FCU

Since its inception in 1984 the New Community 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 Mulu Gebreyesus, the New Community FCU has grown its membership to over 3,227 with assets of more than $3,298,178. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (973) 621-2363 or email them at none 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 New Community FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24167
Address 274 S Orange Ave 
City Newark 
State New Jersey 
Zip-Code 07103
Phone Number (973) 621-2363
Fax Number () -
Email Address: none
CEO/President Mulu Gebreyesus
Members 3,227 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 3,298,178 
Website http://www.newcommunityFCU.org 

Compare New Community Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Israel Memorial A M E CU Israel Memorial AME 54 Lincoln St 07108 (973) 643-1333 No 0.73
Essex County Nj Employees CU Main Office 465 Dr Martin Luther King Jr Blvd 07102 (973) 643-4738 No 0.81
Local 1233 CU 731 S 10th St 731 S 10th St 07108 (973) 824-7246 No 0.99
Federal Employees Newark CU FEDERAL EMPLOYEES NEWARK FEDERAL CREDIT UNION 970 Broad St 07102 (973) 622-6028 No 1.18
Newark Post Office Employees CU NEWARK POST OFFICE 2 Federal Sq 07101 (973) 621-7553 No 1.19

New Community Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


New Community 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 N/A 9.50 11.50 5.50 7.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 621 781 324 431
Rank Among All New Jersey Credit Unions N/A 83 91 43 55

New Community Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.35 N/A N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 89 N/A N/A
Rank Among All New Jersey Credit Unions N/A 30 8 N/A N/A
New Community Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 13.3703348,914
Short-Term, Small Amount Loans (STS) (Federal CU Only) 13.50021,107
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 9.500223,996
Used Vehicle Loans 11.50017,723
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.500131,728,610
Total Other Real Estate Loans/Lines of Credit 7.0003108,700
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 13.50031,527
TOTAL LOANS & LEASES 571,920,577

New Community 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 294,83200
    b. 15 Years or less 91,103,84700
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 2529,93100
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 3108,70000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 161,837,31000

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

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