New Century Federal Credit Union
Headquarters
291 Springfield Avenue
Joliet, IL 60435
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2024 Overview
General Credit Union Information
New Century is an NCUA insured institution located in Joliet, IL. It was founded in 1936 and has approximately $56.13 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 1251 |
| Date Established | 1936 |
| Assets | $56.13 million |
| Loans | $23.87 million |
| Deposits | $48.27 million |
| Capital | $7.67 million |
Field of Membership Restrictions
Must work at one of the several select payroll groups. Also open to residents of Crest Hill, Lockport, Rockdale or the east side of Joliet.
Deposit Rates - November 13, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
Loan Rates - November 13, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for New Century
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 |
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|---|---|---|---|---|---|---|
NMLS ID: 2262032 License#: RM.804810.000 |
6.380% | 6.250% | 0.88 | $4,400 | $1,971 | Learn More |
NMLS ID: 1835285 |
6.391% | 6.250% | 1.00 | $4,800 | $1,971 | Learn More |
NMLS ID: 2578474 |
6.494% | 6.375% | 0.88 | $4,010 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.865% | 6.750% | 1.00 | $3,775 | $2,076 | 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 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to New Century
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Branches
Below are New Century 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
New Century Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 281.36 | A | View Lobby Hours | |
| 286.17 | B | View Lobby Hours | |
| 293.10 | C | View Lobby Hours |
Climate Policy and Initiatives
NEW CENTURY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
New Century Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of New Century. 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
| New Century | U.S. Average |
|---|---|
| 2.07% | 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, New Century had $131,023 in non-current loans and $30,000 in owned assets. To cover these potential losses it had $7,665,161 in net worth and $95,203 in loans loss reserves. That gives it a Texas Ratio of 2.07%.
Net Worth
| New Century | U.S. Average |
|---|---|
| 13.65% | 13.93% |
New Century FCU has a net worth of 13.65% 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 New Century
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