Home
Contents
Explore
Search

Public Service Plaza Credit Union

Overview
Back to Top

Public Service Plaza Credit Union is a federal credit union based in Newark, New Jersey. It has been opened since 1953, for 67 years.

With around $18,670,000 in assets, Public Service Plaza Credit Union is considered to be a medium size credit union.

About
Address 80 Park Plaza
Newark, New Jersey 07102
Website http://PSPLAZAFCU.com
Phone (973) 430-7923
Fax (973) 621-2126
CEO Jeff Nelson
President of the Board Willie Josey
Services Offered
Map
Back to Top
Score Card
Back to Top
67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
1,202 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members
481:1
Credit union member to staff ratio
481 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$18,666,930
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in New Jersey
Average number of branches
9.00%
Savings interest rate
Compared to 0.3% nationally
Branches
Back to Top
1 branch
Compared with an average of 4 nationally and 2 in New Jersey
Average number of branches
Public Service Plaza Credit Union Branch Locations
Members
Back to Top
1,202 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members

With 1,202 members, the Public Service Plaza Credit Union is considered to be a small credit union. It is smaller than 77% of credit unions.

Fees
Back to Top
$1
Average fee per member
The average fee per member at the Public Service Plaza 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 Public Service Plaza Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
481:1
Credit union member to staff ratio
481 per each FTE employee
Compared to 411:1 nationally
Fewer staff
2 staff members
FTE (full-time equivalent)
75% of employees are part-time
1 full-time, 3 part-time

Public Service Plaza Credit Union has 1 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of part-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. Public Service Plaza Credit Union has around 481 members per staff, a higher ratio compared to other credit unions.

Assets
Back to Top
$18,666,930
Total assets
Below average
Net worth
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.
12.8%
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
Back to Top
$10,324
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 52% of credit unions.

Public Service Plaza Credit Union holds a total of $2,430,000 in loans and leases, which is about $10,324 per member on average.

Savings interest rate
Back to Top
9.00%
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. Public Service Plaza Credit Union pays 9.00%.

Loan rates
Back to Top
9.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
4.50%
New car loan rate
Compared to 4.0% nationally
6.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
6.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
4.50%
Other real estate loan rates
Compared to 0.9% nationally
United Teletech Financial Credit Union
Location
Tinton Falls, New Jersey
Members
24,372
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
8.15%
Read More
Local 1233 Credit Union
Location
Newark, New Jersey
Members
744
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Middlesex County N J Emp Credit Union
Location
New Brunswick, New Jersey
Members
1747
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
New Brunswick Postal Credit Union
Location
New Brunswick, New Jersey
Members
2881
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
13.50%
Read More
Bard Employees Credit Union
Location
New Providence, New Jersey
Members
1364
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
15.90%
Read More
Atlantic City Police Credit Union
Location
Northfield, New Jersey
Members
310
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More