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South Jersey Gas Employees Credit Union

Overview
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South Jersey Gas Employees Credit Union is a federal credit union based in Folsom, New Jersey. It has been opened since 1954, for 66 years.

With around $9,730,000 in assets, South Jersey Gas Employees Credit Union is considered to be a medium size credit union.

About
Address #1 S. Jersey Plz #Rt54
Folsom, New Jersey 08037
Website http://www.sjgefcu.com
Phone (609) 567-3945
Fax (609) 567-2416
CEO Kathryn Mochan
President of the Board Gary Mazzone
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
929 members
Membership type: Service – communications and utilities
Below average number of members
464:1
Credit union member to staff ratio
464 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$9,726,993
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in New Jersey
Average number of branches
0.50%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 2 in New Jersey
Average number of branches
South Jersey Gas Employees Credit Union Branch Locations

South Jersey Gas Employees Credit Union: Sjgefcu
1110 Black Horse Pike
Hammonton, New Jersey 08037
No ATM
Members
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929 members
Membership type: Service – communications and utilities
Below average number of members

With 929 members, the South Jersey Gas Employees Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 82% of credit unions.

Fees
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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 South Jersey Gas Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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464:1
Credit union member to staff ratio
464 per each FTE employee
Compared to 411:1 nationally
Fewer staff
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 4 part-time

South Jersey Gas Employees Credit Union has 0 full-time staff members and 4 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. South Jersey Gas Employees Credit Union has around 464 members per staff, a higher ratio compared to other credit unions.

Assets
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$9,726,993
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.
25.2%
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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$12,516
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 68% of credit unions.

South Jersey Gas Employees Credit Union holds a total of $3,100,000 in loans and leases, which is about $12,516 per member on average.

Savings interest rate
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0.50%
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. South Jersey Gas Employees Credit Union pays 0.50%.

Loan rates
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10.25%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates
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2.00%
New car loan rate
Compared to 4.0% nationally
2.00%
Used car loan rate
Compared to 5.2% nationally
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