Newark Board Of Education Employees Credit Union

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A short history of Newark Board Of Education Employees CU

Since its inception in 1935 the Newark Board Of Education Employees 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 Winston Cummings, the Newark Board Of Education Employees CU has grown its membership to over 4,161 with assets of more than $28,309,226. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (973) 375-9182 or email them at support@nbeecu.org 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 Newark Board Of Education Employees CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62796
Address 195 NORMAN RD 
City NEWARK 
State New Jersey 
Zip-Code 07106
Phone Number (973) 375-9182
Fax Number (973) 375-1238
Email Address: support@nbeecu.org
CEO/President Winston Cummings
Members 4,161 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 28,309,226 
Website http://nbeecu.org 

Compare Newark Board Of Education Employees Credit Union To Other Local Credit Unions


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Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Division 819 Transit Employees CU Division 819 Transit Employees CU 186 Brookside Ave 07111 (973) 373-2332 No 0.69
East Orange Va Hospital CU East Orange V.A.H. Federal Credit Union 385 Tremont Ave 07018 (973) 672-2073 No 0.91
Messiah Baptist Church CU Messiah Baptist Church 13 Oak St # 17 07018 (973) 676-7374 No 1.16
Local 1233 CU 731 S 10th St 731 S 10th St 07108 (973) 824-7246 No 1.58
East Orange Firemens CU EOFFCU 468 Main St 07018 (973) 677-0969 No 1.71

Newark Board Of Education Employees Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Newark Board Of Education Employees 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 13.99 6.99 13.99 4.50 2.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 496 549 804 205 25
Rank Among All New Jersey Credit Unions 47 72 93 33 1

Newark Board Of Education Employees Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.25 0.25 N/A 0.40 0.80
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 95 95 N/A 284 184
Rank Among All New Jersey Credit Unions 2 26 N/A 45 20
Newark Board Of Education Employees Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 13.990124383,037
All Other Unsecured Loans/Lines of Credit 11.5005822,610,041
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 6.99044647,202
Used Vehicle Loans 13.990108935,142
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.5002492,360,510
Total Other Real Estate Loans/Lines of Credit 2.990261,945,085
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.000111,697,115
TOTAL LOANS & LEASES 1,14410,578,132

Newark Board Of Education Employees 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 2492,360,51000
    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 261,945,08500
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 2754,305,59500

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

Newark Board Of Education Employees Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
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