ISRAEL MEMORIAL A M E Credit Union Profile

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ISRAEL MEMORIAL A M E

Charter #10803 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (347) 234-8438

Fax: (973) 979-2844

Founding Date: N/A

Personnel & Operations

President: Merritt, Laverne

Manager: Webb, Vernon

FT Employees: 0

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 01

Branches: 1

Hours: Sunday 11-3 Tuesday 3-6 Thursday 11-3

Credit Union Profile Summary

ISRAEL MEMORIAL A M E is a FCU Credit Union. With a total of 183 members [1], this institution manages approximately $405,165 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 39.45% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -16.11% [1].

Financial Snapshot

Total Assets [1]
$405,165

Total economic resources.

Total Loans [1]
$137,921

Total value of outstanding loans.

Total Deposits [1]
$241,976

Total funds deposited by members.

Members [1]
183

Number of active members.

Performance Ratios

Net Worth Ratio [1]
39.45%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
8.99%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
57.00%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
11.04%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
-16.11%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
-2.66%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

54 Lincoln St

Newark, NJ, 07103

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 1 branches reported by ISRAEL MEMORIAL A M E (Charter #10803).

Main Office

Israel Memorial AME Main Office

Type: Corporate Office

54 Lincoln St

Newark, NJ 07103

Phone: (973) 643-1333

Services: None specified

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