2024 Overview
General Credit Union Information
Motion is an NCUA insured institution located in Linden, NJ. It was founded in 1934 and has approximately $64.1 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 53 |
| Date Established | 1934 |
| Assets | $64.10 million |
| Loans | $39.62 million |
| Deposits | $58.06 million |
| Capital | $5.72 million |
Field of Membership Restrictions
Membership is open to employees or members of select companies or organizations and to family of current members.
Deposit Rates - December 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.01% | $2,500 | $4,999 |
Learn More
|
|
Money Market
|
0.10% | $2,500 | $2,999 |
Learn More
|
|
Money Market
|
0.10% | $10,000 | $14,999 |
Learn More
|
|
Money Market
|
0.10% | $25,000 | $29,999 |
Learn More
|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.15% | $10,000 | $14,999 |
Learn More
|
| 6 Mo CD
|
0.15% | $100,000 | $199,999 |
Learn More
|
| 12 Mo CD
|
0.25% | $10,000 | $14,999 |
Learn More
|
| 12 Mo CD
|
0.25% | $100,000 | $199,999 |
Learn More
|
| 18 Mo CD
|
0.35% | $10,000 | $14,999 |
Learn More
|
| 18 Mo CD
|
0.35% | $100,000 | $199,999 |
Learn More
|
| 24 Mo CD
|
0.45% | $10,000 | $14,999 |
Learn More
|
| 24 Mo CD
|
0.45% | $100,000 | $199,999 |
Learn More
|
| 30 Mo CD
|
0.45% | $10,000 | $14,999 |
Learn More
|
| 30 Mo CD
|
0.45% | $100,000 | $199,999 |
Learn More
|
| 36 Mo CD
|
0.65% | $10,000 | $14,999 |
Learn More
|
| 36 Mo CD
|
0.65% | $100,000 | $199,999 |
Learn More
|
| 48 Mo CD
|
0.75% | $10,000 | $14,999 |
Learn More
|
| 48 Mo CD
|
0.75% | $100,000 | $199,999 |
Learn More
|
| 60 Mo CD
|
0.95% | $10,000 | $14,999 |
Learn More
|
| 60 Mo CD
|
0.95% | $100,000 | $199,999 |
Learn More
|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.15% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - December 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Motion
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.960% | 6.875% | 0.63 | $2,764 | $2,103 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.966% | 6.875% | 0.50 | $3,145 | $2,103 | Learn More |
NMLS ID: 3030 |
7.338% | 7.250% | 0.88 | $2,800 | $2,183 | Learn More |
NMLS ID: 1907 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 6.990 % After Intro: 6.990 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Motion
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Motion branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Motion Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 433.57 | A | View Lobby Hours | |
| 452.72 | B | View Lobby Hours | |
| 467.11 | C | View Lobby Hours | |
| 467.67 | D | View Lobby Hours | |
| 467.67 | E | View Lobby Hours |
Climate Policy and Initiatives
MOTION is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Add Your Review
or use your BestCashCow account
or
Financial Details
Motion Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Motion. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Motion | U.S. Average |
|---|---|
| 10.18% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Motion had $489,462 in non-current loans and $115,750 in owned assets. To cover these potential losses it had $5,715,527 in net worth and $227,910 in loans loss reserves. That gives it a Texas Ratio of 10.18%.
Net Worth
| Motion | U.S. Average |
|---|---|
| 8.92% | 13.93% |
Motion FCU has a net worth of 8.92% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Motion
There are currently no comments for MOTION. Be the first to share your experience. Please provide comments that will help others.
Add Your Review
or use your BestCashCow account