LOCAL 1233 Credit Union Profile

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LOCAL 1233

Charter #20773 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (973) 824-7246

Fax: (973) 824-3107

Founding Date: N/A

Website: http://www.local1233fcu.org

Personnel & Operations

President: Jackson, Norman

Manager: Rover, Khadija

FT Employees: 2

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 03

Branches: 1

Hours: 8:30 am to 4:00 pm

Credit Union Profile Summary

LOCAL 1233 is a FCU Credit Union. With a total of 83 members [1], this institution manages approximately $13,967,855 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 17.56% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -2.25% [1].

Financial Snapshot

Total Assets [1]
$13,967,855

Total economic resources.

Total Loans [1]
$5,599,368

Total value of outstanding loans.

Total Deposits [1]
$11,421,162

Total funds deposited by members.

Members [1]
83

Number of active members.

Performance Ratios

Net Worth Ratio [1]
17.56%

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]
1.03%

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

Loan-to-Share Ratio [1]
49.03%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
4.85%

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

Loan Growth (4Q) [1]
-2.25%

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

Member Growth (4Q) [1]
-90.73%

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

Headquarters Location & Map

Headquarters Address

19 Fenwick St

Newark, NJ, 07114

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 LOCAL 1233 (Charter #20773).

Main Office

19 Fenwick St. Main Office

Type: Corporate Office

19 Fenwick St

Newark, NJ 07114

Phone: (973) 824-7246

Services: Member Services

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