Proponent Federal Credit Union

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A short history of Proponent FCU

Since its inception in 1971 the Proponent Federal Credit Union has been serving its members in the NUTLEY, 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 Debra VanDorn, the Proponent FCU has grown its membership to over 25,754 with assets of more than $512,092,985. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (973) 338-1133 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in NUTLEY, NJ.

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

Charter Number 20448
State New Jersey 
Zip-Code 07110
Phone Number (973) 338-1133
Fax Number () -
Email Address:
CEO/President Debra VanDorn
Members 25,754 
Full-Time Employees 87 
Part-Time Employees
Number of Branch Offices
Total Assets 512,092,985 

Compare Proponent Federal Credit Union To Other Local Credit Unions

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Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Xcel CU XCEL Federal Credit Union 1460 Broad St 07003 (973) 275-9235 No 1.91
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West Hudson Teachers CU whtfcu 180 Prospect Ave 07031 (201) 991-0845 No 2.45
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Proponent Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Proponent 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 8.50 1.99 2.49 4.13 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 122 34 51 160 100
Rank Among All New Jersey Credit Unions 12 3 6 21 12

Proponent Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 1.00 1.50 0.91 0.15
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 36 6 189 276
Rank Among All New Jersey Credit Unions N/A 11 1 24 35
Proponent Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.5006,96122,796,391
All Other Unsecured Loans/Lines of Credit 11.5003,64015,382,701
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 5.9101342,144,582
New Vehicle Loans 1.9903887,346,224
Used Vehicle Loans 2.4901,79322,454,085
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.130900210,392,413
Total Other Real Estate Loans/Lines of Credit 4.0001,21357,785,226
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.01017119,439,552
TOTAL LOANS & LEASES 15,200357,741,174

Proponent Federal Credit Union Real Estate Loans and Lines of Credit


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 478115,880,993288,587,205
    b. 15 Years or less 20722,950,0434607,000
    a. > 15 years 3920,366,18495,097,900
    b. 15 Years or less 8834,541,07442,542,000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 8116,514,09700
Adjustable Rate > 1 yr 7140,02200


Closed-End Fixed Rate 54925,887,610944,709,052
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 66431,897,616657,022,832
Open-End Fixed Rate 0000
TOTALS 2,113268,177,63920428,565,989


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

Proponent Federal 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 Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes