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Liberty Savings Credit Union

Overview
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Liberty Savings Credit Union is a federal credit union based in Jersey City, New Jersey. It has been opened since 1951, for 69 years.

With around $88,800,000 in assets, Liberty Savings Credit Union is considered to be a large credit union. It has 3 branches and 3 ATM locations.

About
Address 666 Newark Avenue
Jersey City, New Jersey 07306
Website http://lsfcu.org
Phone (201) 659-3900
Fax (201) 659-7623
CEO Maria Solorzano
President of the Board John Wilson
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
21,769 members
Membership type: Multiple common bond – primary educational
Above average number of members
506:1
Credit union member to staff ratio
506 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$88,801,400
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
12.70%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
Liberty Savings Credit Union Branch Locations

Liberty Savings Federal Credit Union Greenville Office
1590 Kennedy Boulevard
Jersey City, New Jersey 07305
ATM Available
Liberty Savings Federal Credit Union Union City Office
108 48th Street
Union City, New Jersey 07087
ATM Available
Liberty Savings Federal Credit Union
660 Newark Avenue
Jersey City, New Jersey 07306
ATM Available
Members
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21,769 members
Membership type: Multiple common bond – primary educational
Above average number of members

With 21,769 members, the Liberty Savings 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
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$120
Average fee per member
The average fee per member at the Liberty Savings Credit Union is $120, which is very high compared to most credit unions. This rate is higher than 91% of all credit unions.
Fees are higher 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 Liberty Savings Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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506:1
Credit union member to staff ratio
506 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
43 staff members
FTE (full-time equivalent)
13% of employees are part-time
40 full-time, 6 part-time

Liberty Savings Credit Union has 40 full-time staff members and 6 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 87% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Liberty Savings Credit Union has around 506 members per staff, a high ratio compared to other credit unions.

Assets
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$88,801,400
Total assets
Above 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.
13.0%
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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$3,498
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 95% of credit unions.

Liberty Savings Credit Union holds a total of $45,880,000 in loans and leases, which is about $3,498 per member on average.

Savings interest rate
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0.10%
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. Liberty Savings Credit Union pays 0.10%.

Loan rates
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12.70%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.42%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates
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7.00%
New car loan rate
Compared to 4.0% nationally
8.40%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.63%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
7.24%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally