Development
Major Rating Factors:
Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 1.2 has resulted in Fair (4.7) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 41.9 and a net worth ratio of 41.6. A current level of 10.6 percent of nonperforming loans to core capital combined with 12.5 percent from a year earlier contributes to the Good asset quality (6.7).
Asset Mix:
Consumer loans (33%), other (67%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
54 Lincoln Street
Newark, NJ 07103
Newark, NJ 07103
Phone Number
(973) 643-1333
NCUA Charter Number
Largest Competitors
Newark, NJ
Newark, NJ
Newark, NJ
Newark, NJ