credit union

I.L.A. Local 1235

Newark, NJ · Est. 1981
A
Trust Grade
Excellent
Score: 91/100

I.L.A. Local 1235 is a credit union based in Newark, New Jersey, established in 1981, with $7 million in total assets serving 640 members. By Trust Grade it ranks 55th of 127 credit unions we track in New Jersey. Its net worth ratio of 11.8% trails most similarly sized credit unions (31th percentile), versus a New Jersey median of 13.9%. It was profitable over the most recent period, with a 0.23% return on assets. No consumer complaints against I.L.A. Local 1235 appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.

Total assets
$7.5M
<$100M institution
Members
640
Shares & deposits
—
Net worth ratio
11.8%
Bottom 31% of <$100M peers · New Jersey median 13.9%
Return on assets
0.2%
Bottom 31% of <$100M peers · New Jersey median 0.26%
Rank in New Jersey
#55
of 127 credit unions

How I.L.A. Local 1235 compares to New Jersey peers

Net worth ratio
Bottom 31% of <$100M peers
I.L.A. Local
11.8%
New Jersey median
13.9%
Higher capital ratio = stronger financial cushion
Return on assets
Bottom 31% of <$100M peers
I.L.A. Local
0.2%
New Jersey median
0.3%
Higher ROA = more profitable relative to asset base

How we graded I.L.A. Local 1235

The Trust Grade blends financial strength with complaint history. Full methodology →

Financial strength
91/100
Customer experience
n/a
Overall
A · 91
  • Strongly capitalized (11.8% capital ratio)
  • Profitable (ROA 0.23%)
  • No CFPB complaints on record

Consumer complaints (CFPB)

No CFPB complaints are on file for I.L.A. Local 1235 over the analysis window. For a smaller institution this is common and counts in its favor.

Are deposits at I.L.A. Local 1235 insured?

Yes. I.L.A. Local 1235 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.

I.L.A. Local 1235: frequently asked questions

Is I.L.A. Local 1235 a good credit union?

I.L.A. Local 1235 earns a Bankzia Trust Grade of A (91/100, "Excellent"), based on a financial-strength score of 91/100 (it has no CFPB complaints on record). Strongly capitalized (11.8% capital ratio); Profitable (ROA 0.23%).

Is I.L.A. Local 1235 NCUA-insured?

Yes. I.L.A. Local 1235 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 I.L.A. Local 1235?

I.L.A. Local 1235 holds $7 million in total assets, ranking 55th of 127 credit unions we track in New Jersey. It serves 640 members.

Does I.L.A. Local 1235 have CFPB complaints?

No CFPB complaints against I.L.A. Local 1235 appear in our data over the analysis window, which is typical for a credit union of this size.

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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.

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