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The Atlantic Credit Union

Overview
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The Atlantic Credit Union is a federal credit union based in Kenilworth, New Jersey. It has been opened since 1935, for 85 years.

With around $221,850,000 in assets, The Atlantic Credit Union is considered to be a very large credit union. It has 3 branches and 2 ATM locations.

About
Address 37 Market Street
Kenilworth, New Jersey 07033
Website http://atlfedcu.com
Phone (908) 245-1750
Fax (908) 245-0680
CEO Michael Fanelli
President of the Board Robert Wilder
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
18,360 members
Membership type: Community credit union
Above average number of members
276:1
Credit union member to staff ratio
276 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$221,851,638
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
The Atlantic Credit Union Branch Locations

the Atlantic Credit Union: Atlantic Federal Credit Union
Essex Green Shopping Center
455 Prospect Avenue
West Orange, New Jersey 07052
ATM Available
Members
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18,360 members
Membership type: Community credit union
Above average number of members

With 18,360 members, the The Atlantic Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 80% of credit unions.

Fees
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$74
Average fee per member
The average fee per member at the The Atlantic Credit Union is $74, which is high compared to most credit unions. This rate is higher than 70% 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 The Atlantic Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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276:1
Credit union member to staff ratio
276 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
66 staff members
FTE (full-time equivalent)
10% of employees are part-time
63 full-time, 7 part-time

The Atlantic Credit Union has 63 full-time staff members and 7 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 90% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. The Atlantic Credit Union has around 276 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$221,851,638
Total assets
Above 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.
15.0%
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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$8,934
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 61% of credit unions.

The Atlantic Credit Union holds a total of $163,230,000 in loans and leases, which is about $8,934 per member on average.

Savings interest rate
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0.10%
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. The Atlantic Credit Union pays 0.10%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
17.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.60%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.74%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
6.49%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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