Federal Employees Newark
Federal Employees Newark is a credit union based in Newark, New Jersey, established in 1942, with $15 million in total assets serving 2,662 members. By Trust Grade it ranks 93rd of 127 credit unions we track in New Jersey. Its net worth ratio of 17.2% is stronger than 67% of similarly sized credit unions, versus a New Jersey median of 13.9%. It posted a loss over the most recent period (-0.66% return on assets), a point to watch. No consumer complaints against Federal Employees Newark appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Federal Employees Newark compares to New Jersey peers
How we graded Federal Employees Newark
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (17.2% capital ratio)
- Unprofitable over the period (ROA -0.66%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Federal Employees Newark over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Federal Employees Newark insured?
Yes. Federal Employees Newark is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Federal Employees Newark: frequently asked questions
Is Federal Employees Newark a good credit union?
Federal Employees Newark earns a Bankzia Trust Grade of B (84/100, "Strong"), based on a financial-strength score of 84/100 (it has no CFPB complaints on record). Strongly capitalized (17.2% capital ratio); Unprofitable over the period (ROA -0.66%).
Is Federal Employees Newark NCUA-insured?
Yes. Federal Employees Newark is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Federal Employees Newark?
Federal Employees Newark holds $15 million in total assets, ranking 93rd of 127 credit unions we track in New Jersey. It serves 2,662 members.
Does Federal Employees Newark have CFPB complaints?
No CFPB complaints against Federal Employees Newark appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
