NEWARK FIREMEN Credit Union Profile

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NEWARK FIREMEN

Charter #4175 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (973) 589-7199

Fax: (973) 589-7494

Founding Date: N/A

Website: http://newarkfiremenfcu.org

Personnel & Operations

President: Doll, John

Manager: Desai, Chintan

FT Employees: 2

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 36

Branches: 1

Hours: Monday - Friday 8:00AM - 4:00PM

Credit Union Profile Summary

NEWARK FIREMEN is a FCU Credit Union. With a total of 1,665 members [1], this institution manages approximately $8,874,815 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 5.01% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -16.83% [1].

Financial Snapshot

Total Assets [1]
$8,874,815

Total economic resources.

Total Loans [1]
$2,460,190

Total value of outstanding loans.

Total Deposits [1]
$8,107,758

Total funds deposited by members.

Members [1]
1,665

Number of active members.

Performance Ratios

Net Worth Ratio [1]
5.01%

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]
-1.74%

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

Loan-to-Share Ratio [1]
30.34%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
-4.07%

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

Loan Growth (4Q) [1]
-16.83%

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

Member Growth (4Q) [1]
-7.45%

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

Headquarters Location & Map

Headquarters Address

106 Fleming Ave

Newark, NJ, 07105-4015

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 NEWARK FIREMEN (Charter #4175).

Main Office

Main Main Office

Type: Corporate Office

106 Fleming Ave

Newark, NJ 07105-4015

Phone: (973) 589-7199

Services: Member Services, ATM

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