Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10). A current level of 7.8 percent of nonperforming loans to core capital combined with 10.4 percent from a year earlier contributes to the Good asset quality (6.1).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 28.3 and a net worth ratio of 29.5. Operating profits as a percentage of assets at 3.8%, coupled with a return on assets of 2.4 has resulted in Excellent (7.5) profitability.
Asset Mix:
Consumer loans (63%), securities (28%), other (9%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
One Lincoln Avenue
Newark, NJ 07104
Newark, NJ 07104
Phone Number
(973) 733-6198
NCUA Charter Number
Largest Competitors
Newark, NJ
Newark, NJ
Newark, NJ
Newark, NJ