NEW COMMUNITY Credit Union Profile

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NEW COMMUNITY

Charter #24167 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (973) 621-2363

Fax:

Founding Date: N/A

Website: http://www.newcommunityFCU.org

Personnel & Operations

President: Cammarieri, Richard

Manager: Gebreyesus, Mulu

FT Employees: 3

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 98

Branches: 1

Hours: Monday, Tuesday,Thursday and Friday 9:00Am

Credit Union Profile Summary

NEW COMMUNITY is a FCU Credit Union. With a total of 3,542 members [1], this institution manages approximately $3,164,378 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 12.98% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 2.21% [1].

Financial Snapshot

Total Assets [1]
$3,164,378

Total economic resources.

Total Loans [1]
$1,098,804

Total value of outstanding loans.

Total Deposits [1]
$2,728,752

Total funds deposited by members.

Members [1]
3,542

Number of active members.

Performance Ratios

Net Worth Ratio [1]
12.98%

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]
0.26%

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

Loan-to-Share Ratio [1]
40.27%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
4.63%

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

Loan Growth (4Q) [1]
2.21%

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

Member Growth (4Q) [1]
-0.59%

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

Headquarters Location & Map

Headquarters Address

274 S Orange Ave

Newark, NJ, 07103-2419

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 NEW COMMUNITY (Charter #24167).

Main Office

New community FCU Main Office

Type: Corporate Office

274 S Orange Ave

Newark, NJ 07103-2419

Phone: (973) 621-2363

Services: Member Services, ATM

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