Feedback
Share
Link
Link copied!
Asset Brief
Kearny Municipal Employees Credit Union
Credit Union Finder
Explore
Search
Asset Brief
More
About Asset Brief
Copyright © 2022 assetbrief.com and Spring Launch Media LLC. All Rights Reserved.

All content on this website ("the Site") is the property of Spring Launch Media LLC. The collection and assembly of content on this Site are the exclusive property of Spring Launch Media LLC and are protected by copyright and other intellectual property laws. Credit union and bank data is publicly sourced from the U.S. government. None are affiliated with Asset Brief. assetbrief.com is an independent, advertising-supported publisher. We work hard to keep our information accurate and up to date, but do not guarantee accuracy of information. You may see different information when you visit a specific product’s site. assetbrief.com does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed. assetbrief.com does not assume any responsibility for any aspect of financial decisions taken based on the contents provided on this Site. When considering offers, please review all Terms and Conditions with the offering institution. Our content is not intended to provide investment advice. assetbrief.com is compensated through display advertising and offers from our partners. Many or all of the products features may be from our partners, and advertising may impact on where, how, and the order in which products appear on this Site. AssetBrief does not include all companies or all available products. However, this does not influence our editorial content or our advice, which are based on industry knowledge and many many hours of research. assetbrief.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Kearny Municipal Employees Credit Union Share
Link
Link copied!

Table of Contents
Map Loading...
Overview Share
Link
Link copied!
Back to Top

Kearny Municipal Employees Credit Union is a federal credit union based in Kearny, New Jersey. It has been opened since 1955, for 67 years.

With around $9,030,000 in assets, Kearny Municipal Employees Credit Union is considered to be a medium size credit union.

About Share
Link
Link copied!
Address 645 Kearny Avenue
Kearny, New Jersey 07032
Phone (201) 997-8434
Fax (201) 997-9703
CEO William j. Pettigrew
President of the Board Armand Calabrese
Services Offered
Score Card Share
Link
Link copied!
Back to Top
67 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
763 members
Membership type: Federal, State, Local Government
Below average number of members
509:1
Credit union member to staff ratio
509 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$9,031,033
Total assets
Below average
2 branches
Compared with an average of 4 nationally and 2 in New Jersey
Average number of branches
0.80%
Savings interest rate
Compared to 0.3% nationally
Branches Share
Link
Link copied!
Back to Top
2 branches
Compared with an average of 4 nationally and 2 in New Jersey
Average number of branches
Kearny Municipal Employees Credit Union Branch Locations
Members Share
Link
Link copied!
Back to Top
763 members
Membership type: Federal, State, Local Government
Below average number of members

With 763 members, the Kearny Municipal Employees Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 85% of credit unions.

Fees Share
Link
Link copied!
Back to Top
$1
Average fee per member
The average fee per member at the Kearny Municipal Employees Credit Union is $1, which is very low compared to most credit unions. This rate is lower than 93% 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 Kearny Municipal Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
Link
Link copied!
Back to Top
509:1
Credit union member to staff ratio
509 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 3 part-time

Kearny Municipal Employees Credit Union has 0 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Kearny Municipal Employees Credit Union has around 509 members per staff, a high ratio compared to other credit unions.

Assets Share
Link
Link copied!
Back to Top
$9,031,033
Total assets
Below average
Net worth Share
Link
Link copied!
Back to Top
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.
16.6%
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
Link
Link copied!
Back to Top
$7,565
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 73% of credit unions.

Kearny Municipal Employees Credit Union holds a total of $1,330,000 in loans and leases, which is about $7,565 per member on average.

Savings interest rate Share
Link
Link copied!
Back to Top
0.80%
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. Kearny Municipal Employees Credit Union pays 0.80%.

Loan rates Share
Link
Link copied!
Back to Top
12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates Share
Link
Link copied!
Back to Top
4.00%
New car loan rate
Compared to 4.0% nationally
7.00%
Used car loan rate
Compared to 5.2% nationally

Additional Credit Unions

See all...
Xcel Credit Union
Credit Union: Well Capitalized Bloomfield, New Jersey 16197.0 $170 million Well Capitalized
Clifton NJ Postal Employees Credit Union
Credit Union: Well Capitalized Clifton, New Jersey 366.0 $3 million Well Capitalized
Atlantic City Police Credit Union
Credit Union: Well Capitalized Northfield, New Jersey 310.0 $2 million Well Capitalized
Energy People Credit Union
Credit Union: Well Capitalized Medford, New Jersey 1368.0 $16 million Well Capitalized
Bayonne School Employees Credit Union
Credit Union: Well Capitalized Bayonne, New Jersey 640.0 $4 million Well Capitalized
Raritan Bay Credit Union
Credit Union: Well Capitalized Sayreville, New Jersey 11478.0 $86 million Well Capitalized
United Poles Credit Union
Credit Union: Well Capitalized Perth Amboy, New Jersey 1922.0 $41 million Well Capitalized
Mcgraw Hill Credit Union
Credit Union: Well Capitalized East Windsor, New Jersey 23869.0 $426 million Well Capitalized
Financial Resources Credit Union
Credit Union: Well Capitalized Bridgewater, New Jersey 23920.0 $474 million Well Capitalized
Manville Area Credit Union
Credit Union: Well Capitalized Manville, New Jersey 2026.0 $28 million Well Capitalized

Additional Credit Unions

See all...
B-M S Credit Union
Credit Union: Well Capitalized New Brunswick, New Jersey 4608.0 $100 million Well Capitalized
Monmouth County Postal Employees Credit Union
Credit Union: Well Capitalized Red Bank, New Jersey 1285.0 $26 million Well Capitalized
Elizabeth Police Department E Credit Union
Credit Union: Well Capitalized Elizabeth, New Jersey 401.0 $2 million Well Capitalized
Picatinny Credit Union
Credit Union: Well Capitalized Dover, New Jersey 17929.0 $341 million Well Capitalized
P.S.E. & G. Nuclear Employees Credit Union
Credit Union: Well Capitalized Hancocks Bridge, New Jersey 1306.0 $10 million Well Capitalized
Elizabeth (N.J.) Firemen's Credit Union
Credit Union: Well Capitalized Elizabeth, New Jersey 1314.0 $9 million Well Capitalized
New Community Credit Union
Credit Union: Well Capitalized Newark, New Jersey 3567.0 $3 million Well Capitalized
East Orange Va Hospital Credit Union
Credit Union: Well Capitalized East Orange, New Jersey 1877.0 $16 million Well Capitalized
Paterson Police Credit Union
Credit Union: Well Capitalized Paterson, New Jersey 701.0 $5 million Well Capitalized
Essex County Teachers Credit Union
Credit Union: Well Capitalized Bloomfield, New Jersey 2614.0 $14 million Well Capitalized

Other Credit Unions

See all...
Linden NJ Police & Firemen Credit Union
Credit Union: Well Capitalized Linden, New Jersey 1362.0 $9 million Well Capitalized
Mid-State Credit Union
Credit Union: Well Capitalized Carteret, New Jersey 1452.0 $17 million Well Capitalized
Wakefern Credit Union
Credit Union: Well Capitalized Elizabeth, New Jersey 1376.0 $10 million Well Capitalized
Defense Logistics Credit Union
Credit Union: Well Capitalized Picatinny Arsen, New Jersey 283.0 $825k Well Capitalized
Nestle (Freehold) Employees Credit Union
Credit Union: Well Capitalized Freehold, New Jersey 257.0 $3 million Well Capitalized
St. Andrew Kim Credit Union
Credit Union: Well Capitalized Maplewood, New Jersey 400.0 $1 million Well Capitalized
Motion Credit Union
Credit Union: Adequately Capitalized Linden, New Jersey 7123.0 $67 million Adequately Capitalized
Fort Billings Credit Union
Credit Union: Well Capitalized Paulsboro, New Jersey 3751.0 $60 million Well Capitalized
Harrison Police & Firemen's Credit Union
Credit Union: Well Capitalized Harrison, New Jersey 1354.0 $21 million Well Capitalized
Seaport Credit Union
Credit Union: Well Capitalized Elizabeth, New Jersey 5060.0 $74 million Well Capitalized

All of Asset Brief

See all...

Similar Credit Unions to Kearny Municipal Employees Credit Union

See all...
Waltham Municipal Employees Credit Union
Credit Union Branch: 177 Lexington Street
Waltham, Massachusetts 02452 No ATM
Memphis Municipal Employees Credit Union: Memphis Municipal Efcu ATM
Credit Union ATM: 577 Drive Ml King Jr Avenue
Memphis, Tennessee 38126
Akron Municipal Employee's Credit Union: Akron Municipal Employees C.U
Credit Union Branch: 146 S. High Street
Concourse Level
Akron, Ohio 44308 No ATM
Kearny Municipal Employees Credit Union: Kearny Municipal Efcu
Credit Union Branch: 645 Kearny Avenue
Kearny, New Jersey 07032 No ATM
Service Credit Union Routing Number
Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.
Midland Municipal Employees Credit Union
Credit Union Branch: 300 North Loraine Street
Midland, Texas 79701 No ATM
Joliet Municipal Employees Federal Credit Union
Credit Union Branch: 818 E. Cass Street
Joliet, Illinois 60432 No ATM
Kearny Municipal Employees Credit Union
Credit Union: Well Capitalized Kearny, New Jersey 763.0 $9 million Well Capitalized