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Federal Employees Newark Federal Credit Union

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Federal Employees Newark Federal Credit Union Rates & Review August 2026

Q: What are the current interest rates at Federal Employees Newark Federal Credit Union?

Current rates for Federal Employees Newark Federal Credit Union include: Savings: 0.04%

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Federal Employees Newark Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 28, 2026

Federal Employees Newark Federal Credit Union's savings rates are at 0.04%. MonitorBankRates evaluates the financial stability of Federal Employees Newark Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.44%. Rates last updated and verified on 08/28/2026.

Federal Employees Newark Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Federal Employees Newark Federal Credit Union? Share your experience about Federal Employees Newark Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Federal Employees Newark Federal Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.44%

Excellent Lower than avg

Federal Employees Newark Federal Credit Union
FEDERAL EMPLOYEES NEWARK FEDERAL CREDIT UNION

970 Broad St
Newark, NJ 07102 2534

https://www.fenfcu.com

Federal Employees Newark Federal Credit Union Savings Rates

Product	Rate	APY	View More
Savings Accounts	-	0.04%
No additional details. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.44%

Federal Employees Newark Federal Credit Union Checking Rates

Product	Rate	APY	View More
Checking Accounts	-	0.01%
No additional details. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.44%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Federal Employees Newark Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Federal Employees Newark Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Federal Employees Newark Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Federal Employees Newark Federal Credit Union

Website https://www.fenfcu.com

Address 970 Broad St, Newark, NJ 07102 2534

Phone 973-622-6028

Fax 973-622-6688

President LOUIS MILANO

CEO Tracey Davis

Full-Time Employees 5

Part-Time Employees 1

Branch Locations 0

ATM Locations 1

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (100/100)

Texas Ratio

0.44%

Return on Assets (ROA)

-0.6341%

Return on Equity (ROE)

-3.7122%

Non-Performing Loans Ratio (NPL)

0.14%

Total Assets

15,029,108

Total Amount of Shares and Deposits

12,521,138

Total Shares and Deposits < 1 Year

12,521,138

Total Insured Shares and Deposits > $250K (item 17 less item K)

12,521,138

Total Interest Expense (Sum of items 6 8)

132,372

Share Certificates

124

Number of Accounts for Share Drafts

561

IRA KEOGH Accounts

Number of Accounts for Regular Shares

1,792

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

1,244,772

Total Liabilities

12,534,333

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Average Rating

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Total Reviews

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Frequently Asked Questions About Federal Employees Newark Federal Credit Union

How many branches does Federal Employees Newark Federal Credit Union operate?

Federal Employees Newark Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Federal Employees Newark Federal Credit Union?

Yes, to access services at Federal Employees Newark Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Federal Employees Newark Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Federal Employees Newark Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Federal Employees Newark Federal Credit Union offer online and mobile banking?

Most modern institutions like Federal Employees Newark Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.fenfcu.com.