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New Life Credit Union Share
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Overview Share
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New Life Credit Union is a federal credit union based in Philadelphia, Pennsylvania. It has been opened since 2003, for 19 years.

With around $460,000 in assets, New Life Credit Union is considered to be a small credit union.

About Share
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Address 1152 North 63rd Street
Philadelphia, Pennsylvania 19151
Phone (215) 477-5000
Fax (215) 477-5022
CEO Ronald R. Sheldon Jr
President of the Board John Younge
Services Offered
Score Card Share
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19 years
Years in business
Opened in 2003
Well Capitalized
Net worth classification
Source: NCUA
602 members
Membership type: Community credit union
Below average number of members
602:1
Credit union member to staff ratio
602 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$455,690
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Pennsylvania
Above average number of branches
0.03%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Pennsylvania
Above average number of branches
New Life Credit Union Branch Locations

New Life Credit Union - Branch
3955 Conshohocken Avenue
Philadelphia, Pennsylvania 19131
No ATM
New Life Credit Union - Main
1152 North 63rd Street
Philadelphia, Pennsylvania 19151
No ATM
Members Share
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602 members
Membership type: Community credit union
Below average number of members

With 602 members, the New Life Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 88% of credit unions.

Fees Share
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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 New Life Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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602:1
Credit union member to staff ratio
602 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
1 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 2 part-time

New Life Credit Union has 0 full-time staff members and 2 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. New Life Credit Union has around 602 members per staff, a high ratio compared to other credit unions.

Assets Share
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$455,690
Total assets
Below average
Net worth Share
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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.
21.9%
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 Share
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$3,896
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 94% of credit unions.

New Life Credit Union holds a total of $90,000 in loans and leases, which is about $3,896 per member on average.

Savings interest rate Share
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0.03%
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. New Life Credit Union pays 0.03%.

Loan rates Share
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9.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally

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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.
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