WAKEFERN Credit Union Profile

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WAKEFERN

Charter #15016 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (908) 527-3749

Fax:

Founding Date: N/A

Website: https://www.wakefernfcu.org/

Personnel & Operations

President:

Manager: Jelen, Susan

FT Employees: 2

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 20

Branches: 1

Hours: 8:30 am to 4:00 pm Monday - Friday

Credit Union Profile Summary

WAKEFERN is a FCU Credit Union. With a total of 1,227 members [1], this institution manages approximately $11,312,715 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 23.77% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 12.28% [1].

Financial Snapshot

Total Assets [1]
$11,312,715

Total economic resources.

Total Loans [1]
$4,138,561

Total value of outstanding loans.

Total Deposits [1]
$8,617,836

Total funds deposited by members.

Members [1]
1,227

Number of active members.

Performance Ratios

Net Worth Ratio [1]
23.77%

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]
1.05%

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

Loan-to-Share Ratio [1]
48.02%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
-1.13%

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

Loan Growth (4Q) [1]
12.28%

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

Member Growth (4Q) [1]
-5.90%

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

Headquarters Location & Map

Headquarters Address

505 Division St

Elizabeth, NJ, 07201

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by WAKEFERN (Charter #15016).

Main Office

Wakefern FCU Main Office

Type: Corporate Office

505 Division St

Elizabeth, NJ 07201

Phone: (908) 527-3749

Services: Member Services, ATM

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