Proponent Federal Credit Union

Headquarters

536 Washington Ave
Nutley, NJ 07110
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 5.50% →
1-Year CD 0.75% 4.80% →
2-Year CD 0.85% 4.25% →
5-Year CD 1.10% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Proponent is an NCUA insured institution located in Nutley, NJ. It was founded in 1971 and has approximately $508.34 millions in assets.

Who can join?

Employment Eligibility
If you are an employee or retiree of select employer groups, you are eligible to join.

Family Eligiblity
Immediate family and household members of the employees or retirees of select employer groups are also eligible for membership. Immediate family is defined as grandparents, parents, spouse, siblings, children, or grandchildren (including similar relations through adoption and by marriage). Household member is defined as person permanently living in the same residence and who maintain a single economic unit.

NCUA Insured Yes / Federally Chartered
Charter Number # # 20448
Date Established 1971
Assets $508.34 million
Loans $412.36 million
Deposits $436.42 million
Capital $72.24 million
 

Field of Membership Restrictions

Must be an employee or retiree of one of the Select Employer Groups (SEGs).

Deposit Rates - November 12, 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 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
0.95% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.05% $10,000 $14,999 Learn More
60 Mo CD
1.10% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $499 Learn MoreShow Less

Loan Rates - November 12, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Proponent

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
Pure Rate Mortgage
NMLS ID: 2578474
6.494% 6.375% 0.88 $4,010 $1,997 Learn More
PenFed Credit Union
NMLS ID: 401822
6.668% 6.500% 0.75 $5,600 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.981% 6.875% 0.88 $3,442 $2,103 Learn More
PADDIO
NMLS ID: 1907
7.068% 7.000% 0.75 $2,202 $2,129 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR
9.250 %
After Intro: 9.250 %
$0 Learn More
More Info

Note to Proponent
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Proponent 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


Proponent Locations around zip code 43085


BranchDistance Map View Lobby Hours

Branch 06

326.46 A View Lobby Hours

Branch 03

327.20 B View Lobby Hours

Branch 07

441.78 C View Lobby Hours

Branch 05

445.04 D View Lobby Hours

Branch 09

469.16 E View Lobby Hours

Branch 10

473.29 F View Lobby Hours


Climate Policy and Initiatives

PROPONENT 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

Proponent Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Proponent. 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
Proponent U.S. Average
3.24% 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, Proponent had $2,511,129 in non-current loans and $72,450 in owned assets. To cover these potential losses it had $72,244,367 in net worth and $7,564,197 in loans loss reserves. That gives it a Texas Ratio of 3.24%.

Net Worth
Proponent U.S. Average
14.21% 13.93%

Proponent FCU has a net worth of 14.21% 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 Proponent

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