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Motion Credit Union

Overview
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Motion Credit Union is a federal credit union based in Linden, New Jersey. It has been opened since 1934, for 86 years.

With around $66,650,000 in assets, Motion Credit Union is considered to be a large credit union. It has 6 branches and 2 ATM locations.

About
Address 360 North Wood Avenue
Linden, New Jersey 07036
Website http://www.motionfcu.org
Phone (908) 862-6966
Fax (908) 862-6961
CEO Michael Greenwood
President of the Board Marty Grozinski
Services Offered
Map
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Score Card
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86 years
Years in business
Opened in 1934
Adequately Capitalized
Net worth classification
Source: NCUA
7,123 members
Membership type: Multiple common bond – primary petroleum refining
Above average number of members
445:1
Credit union member to staff ratio
445 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$66,653,443
Total assets
Above average
6 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
0.02%
Savings interest rate
Compared to 0.3% nationally
8.45%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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6 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
Motion Credit Union Branch Locations

Motion Credit Union: Wood Av
360 North Wood Avenue
Linden, New Jersey 07036
ATM Available
Motion Credit Union: 416
1380 Jersey Avenue
North Brunswick, New Jersey 08902
No ATM
Motion Credit Union: Main
1400 S. Park Avenue
Linden, New Jersey 07036
ATM Available
Motion Credit Union: Bob
1400 S. Park Avenue
Linden, New Jersey 07036
No ATM
Motion Credit Union: Ltc
1900 E. Linden Avenue
Linden, New Jersey 07036
No ATM
Motion Credit Union: Clinton
1545 US Highway 22 E.
Annandale, New Jersey 08801
No ATM
Members
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7,123 members
Membership type: Multiple common bond – primary petroleum refining
Above average number of members

With 7,123 members, the Motion Credit Union is considered to be a large credit union. It is larger than 64% of credit unions.

Fees
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$66
Average fee per member
The average fee per member at the Motion Credit Union is $66, which is high compared to most credit unions. This rate is higher than 64% 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 Motion Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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445:1
Credit union member to staff ratio
445 per each FTE employee
Compared to 411:1 nationally
Fewer staff
16 staff members
FTE (full-time equivalent)
12% of employees are part-time
15 full-time, 2 part-time

Motion Credit Union has 15 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 88% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Motion Credit Union has around 445 members per staff, a higher ratio compared to other credit unions.

Assets
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$66,653,443
Total assets
Above average
Net worth
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Adequately Capitalized
Net worth classification
Source: NCUA
An adequately capitalized credit union has a net worth ratio between 6% and 7% and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
6.5%
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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$15,402
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 81% of credit unions.

Motion Credit Union holds a total of $41,650,000 in loans and leases, which is about $15,402 per member on average.

Savings interest rate
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0.02%
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. Motion Credit Union pays 0.02%.

Loan rates
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8.45%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.60%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.55%
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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6.09%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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