NEW LIFE Credit Union Profile

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NEW LIFE

Charter #24853 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (215) 477-5000

Fax: (215) 477-5022

Founding Date: N/A

Personnel & Operations

President: Strong, Vivian

Manager: Sheldon Jr, Ronald

FT Employees: 0

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 1

Hours: Mon, Wed, Fri 9-3 Thu 12-5

Credit Union Profile Summary

NEW LIFE is a FCU Credit Union. With a total of 542 members [1], this institution manages approximately $821,086 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 23.12% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 28.06% [1].

Financial Snapshot

Total Assets [1]
$821,086

Total economic resources.

Total Loans [1]
$70,729

Total value of outstanding loans.

Total Deposits [1]
$629,460

Total funds deposited by members.

Members [1]
542

Number of active members.

Performance Ratios

Net Worth Ratio [1]
23.12%

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]
2.11%

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

Loan-to-Share Ratio [1]
11.24%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 10.34%

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

Loan Growth (4Q) [1]
↑ 28.06%

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

Member Growth (4Q) [1]
↓ -1.09%

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

Headquarters Location & Map

Headquarters Address

1152 N 63rd St

Philadelphia, PA, 19151-3208
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 2 branches reported by NEW LIFE (Charter #24853).

Main Office

New Life Credit Union - Main Main Office

Type: Corporate Office

1152 N 63rd St

Philadelphia, PA 19151-3208

Phone: (215) 477-5000

Services: None specified

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Additional Branches

Philadelphia

New Life Credit Union - Branch

Type: Branch Office

3955 Conshohocken Ave

Philadelphia, PA 19131

Phone: (214) 473-3000

Services: None specified

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