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Hoboken N J Police Credit Union

Overview
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Hoboken N J Police Credit Union is a federal credit union based in Hoboken, New Jersey. It has been opened since 1953, for 67 years.

With around $9,530,000 in assets, Hoboken N J Police Credit Union is considered to be a medium size credit union.

About
Address Po Box 1575
Hoboken, New Jersey 07030
Phone (201) 420-2129
Fax (201) 659-1959
CEO Charles Kosbab
President of the Board Ray Falco
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
800 members
Membership type: Federal, State, Local Government
Below average number of members
200:1
Credit union member to staff ratio
200 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$9,531,478
Total assets
Below average
2 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
1.00%
Savings interest rate
Compared to 0.3% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
Hoboken N J Police Credit Union Branch Locations
Members
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800 members
Membership type: Federal, State, Local Government
Below average number of members

With 800 members, the Hoboken N J Police Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 84% of credit unions.

Fees
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$3
Average fee per member
The average fee per member at the Hoboken N J Police Credit Union is $3, which is very low compared to most credit unions. This rate is lower than 89% 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 Hoboken N J Police Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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200:1
Credit union member to staff ratio
200 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
4 staff members
FTE (full-time equivalent)
0% of employees are part-time
4 full-time, 0 part-time

Hoboken N J Police Credit Union has 4 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Hoboken N J Police Credit Union has around 200 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$9,531,478
Total assets
Below average
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.
22.8%
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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$20,913
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 92% of credit unions.

Hoboken N J Police Credit Union holds a total of $6,400,000 in loans and leases, which is about $20,913 per member on average.

Savings interest rate
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1.00%
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. Hoboken N J Police Credit Union pays 1.00%.

Loan rates
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12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.00%
New car loan rate
Compared to 4.0% nationally
5.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.00%
Other real estate loan rates
Compared to 0.9% nationally
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