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First Point Credit Union

Overview
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First Point Credit Union is a federal credit union based in Hamilton, New Jersey. It has been opened since 1955, for 65 years.

With around $28,740,000 in assets, First Point Credit Union is considered to be an average size credit union.

About
Address 2733 Nottingham Way, Suite 5
Hamilton, New Jersey 08619
Website http://firstpointfcu.com
Phone (609) 838-2847
Fax (609) 838-2850
CEO Judy Gernhart
President of the Board Sam Mowaswes
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
2,670 members
Membership type: Multiple common bond – primary chemical
Average number of members
668:1
Credit union member to staff ratio
668 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$28,738,021
Total assets
Average size
4 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
Branches
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4 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
First Point Credit Union Branch Locations

First Point Credit Union: Main
2733 Nottingham Way Suite 5
Hamilton, New Jersey 08619
No ATM
First Point Credit Union: Spotswood
85 Main Street
Spotswood, New Jersey 08884
No ATM
First Point Credit Union: Raritan
1130 US Highway 202 Suite B4
Raritan, New Jersey 08869
No ATM
First Point Credit Union: Bridgewater
200 Somerset Corp Boulevard Suite 700
Bridgewater, New Jersey 08807
No ATM
Members
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2,670 members
Membership type: Multiple common bond – primary chemical
Average number of members

With 2,670 members, the First Point Credit Union is considered to be a medium size credit union. It is larger than 42% of credit unions.

Fees
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$8
Average fee per member
The average fee per member at the First Point Credit Union is $8, which is very low compared to most credit unions. This rate is lower than 84% of all credit unions.
Fees are lower than 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 Point Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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668:1
Credit union member to staff ratio
668 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
4 staff members
FTE (full-time equivalent)
67% of employees are part-time
2 full-time, 4 part-time

First Point Credit Union has 2 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 67% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. First Point Credit Union has around 668 members per staff, a high ratio compared to other credit unions.

Assets
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$28,738,021
Total assets
Average size
Net worth
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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.
8.9%
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
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$12,908
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 70% of credit unions.

First Point Credit Union holds a total of $9,500,000 in loans and leases, which is about $12,908 per member on average.

Savings interest rate
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0.20%
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 Point Credit Union pays 0.20%.

Loan rates
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9.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates
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5.00%
New car loan rate
Compared to 4.0% nationally
5.25%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
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