West Orange Municipal Credit Union is a federal credit union based in West Orange, New Jersey. It has been opened since 1955, for 65 years.
With around $7,310,000 in assets, West Orange Municipal Credit Union is considered to be a medium size credit union.
|Address|| 342 Main Street |
West Orange, New Jersey 07052
|CEO||John K. Corcoran|
|President of the Board||James Williams|
With 1,279 members, the West Orange Municipal Credit Union is considered to be a small credit union. It is smaller than 76% of credit unions.
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 West Orange Municipal Credit Union. Some credit unions tend to charge more fees, while others charge less.
West Orange Municipal Credit Union has 3 full-time staff members and 0 part-time staff members.
The number of members relative to staff members is an indication of how well staffed the credit union is. West Orange Municipal Credit Union has around 426 members per staff, a higher ratio compared to other credit unions.
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.
West Orange Municipal Credit Union holds a total of $4,580,000 in loans and leases, which is about $5,952 per member on average.
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. West Orange Municipal Credit Union pays 0.10%.