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Path Credit Union

Overview
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Path Credit Union is a federal credit union based in Jersey City, New Jersey. It has been opened since 1952, for 68 years.

With around $11,820,000 in assets, Path Credit Union is considered to be a medium size credit union.

About
Address 1 Path Plz
Jersey City, New Jersey 07306
Website http://www.pathfcu.com
Phone (201) 216-6094
CEO Denise Boyd-Taylor
President of the Board Edward Rehm
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
1,274 members
Membership type: Service -transportation
Below average number of members
364:1
Credit union member to staff ratio
364 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$11,818,284
Total assets
Below average
0 branches
Compared with an average of 4 nationally and 2 in New Jersey
Average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
Branches
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0 branches
Compared with an average of 4 nationally and 2 in New Jersey
Average number of branches
Path Credit Union Branch Locations

Path Credit Union: Path Federal
1 Path Plz
Jersey City, New Jersey 07306
No ATM
Members
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1,274 members
Membership type: Service -transportation
Below average number of members

With 1,274 members, the Path Credit Union is considered to be a small credit union. It is smaller than 76% of credit unions.

Fees
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$18
Average fee per member
The average fee per member at the Path Credit Union is $18, which is low compared to most credit unions. This rate is lower than 75% 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 Path Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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364:1
Credit union member to staff ratio
364 per each FTE employee
Compared to 411:1 nationally
Average number of staff
4 staff members
FTE (full-time equivalent)
25% of employees are part-time
3 full-time, 1 part-time

Path Credit Union has 3 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 75% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Path Credit Union has around 364 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$11,818,284
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.
37.0%
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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$11,213
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 59% of credit unions.

Path Credit Union holds a total of $6,940,000 in loans and leases, which is about $11,213 per member on average.

Savings interest rate
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0.25%
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. Path Credit Union pays 0.25%.

Loan rates
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15.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.90%
New car loan rate
Compared to 4.0% nationally
6.90%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.50%
Other real estate loan rates
Compared to 0.9% nationally