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First Atlantic Credit Union
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First Atlantic Credit Union Share
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Overview Share
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First Atlantic Credit Union is a federal credit union based in Eatontown, New Jersey. It has been opened since 1935, for 87 years.

With around $269,140,000 in assets, First Atlantic Credit Union is considered to be a very large credit union. It has 4 branches and 4 ATM locations.

About Share
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Address 468 Industrial Way W.
Eatontown, New Jersey 07724
Website http://FAFCU.COM
Phone (732) 380-3600
Fax (732) 380-3637
CEO John Culp
President of the Board Deborah Frank
Services Offered
Score Card Share
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87 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
22,239 members
Membership type: Community credit union
Above average number of members
340:1
Credit union member to staff ratio
340 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$269,143,296
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
10.20%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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4 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
First Atlantic Credit Union Branch Locations

First Atlantic Credit Union: Eatontown
468 Industrial Way W.
Eatontown, New Jersey 07724
ATM Available
First Atlantic Credit Union: Corp Headquarters
468 Industrial Way W.
Eatontown, New Jersey 07724
No ATM
First Atlantic Credit Union: Neptune
2070 State Route 66
Neptune, New Jersey 07753
ATM Available
First Atlantic Credit Union: Toms River - Rte 9
1580 Lakewood Road
Toms River, New Jersey 08754
ATM Available
First Atlantic Credit Union: Oceanport
495 Oceanport Avenue
Oceanport, New Jersey 07757
ATM Available
Members Share
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22,239 members
Membership type: Community credit union
Above average number of members

With 22,239 members, the First Atlantic Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 83% of credit unions.

Fees Share
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$47
Average fee per member
The average fee per member at the First Atlantic Credit Union is $47, which is comparable to most credit unions. This rate is lower than 51% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the First Atlantic Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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340:1
Credit union member to staff ratio
340 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
66 staff members
FTE (full-time equivalent)
23% of employees are part-time
57 full-time, 17 part-time

First Atlantic Credit Union has 57 full-time staff members and 17 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 77% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. First Atlantic Credit Union has around 340 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$269,143,296
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
8.2%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$13,025
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 70% of credit unions.

First Atlantic Credit Union holds a total of $195,440,000 in loans and leases, which is about $13,025 per member on average.

Savings interest rate Share
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0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. First Atlantic Credit Union pays 0.05%.

Loan rates Share
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10.20%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.80%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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1.99%
New car loan rate
Compared to 4.0% nationally
2.74%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.49%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
2.88%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Similar Credit Unions to First Atlantic Credit Union

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First Atlantic Credit Union: Corp Headquarters
Credit Union Branch: 468 Industrial Way W.
Eatontown, New Jersey 07724 No ATM
First Atlantic Credit Union
Credit Union: Well Capitalized Eatontown, New Jersey 22239.0 $269 million Well Capitalized
First Atlantic Credit Union: Eatontown ATM
Credit Union ATM: 468 Industrial Way W.
Eatontown, New Jersey 07724
First Atlantic Credit Union: Oceanport
Credit Union Branch: 495 Oceanport Avenue
Oceanport, New Jersey 07757 ATM Available
First Atlantic Credit Union: Toms River - Rte 9
Credit Union Branch: 1580 Lakewood Road
Toms River, New Jersey 08754 ATM Available
First Atlantic Credit Union: Oceanport ATM
Credit Union ATM: 495 Oceanport Avenue
Oceanport, New Jersey 07757
First Atlantic Credit Union: Eatontown
Credit Union Branch: 468 Industrial Way W.
Eatontown, New Jersey 07724 ATM Available
First Atlantic Credit Union: Neptune ATM
Credit Union ATM: 2070 State Route 66
Neptune, New Jersey 07753
First Atlantic Credit Union: Neptune
Credit Union Branch: 2070 State Route 66
Neptune, New Jersey 07753 ATM Available
First Atlantic Credit Union: Toms River - Rte 9 ATM
Credit Union ATM: 1580 Lakewood Road
Toms River, New Jersey 08754