2024 Overview
General Credit Union Information
Abco is an NCUA insured institution located in Rancocas, NJ. It was founded in 1958 and has approximately $246.81 millions in assets.
Who can join?
Anyone can join ABCO through the American Consumer Council (ACC), a nonprofit advocacy group established in 1987 to protect consumers. When opening your ABCO FCU account, you will need to choose ACC on your application, this will automatically enroll you as a member of ACC. There are no hidden fees to join ACC through your membership at ABCO FCU.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 12679 |
| Date Established | 1958 |
| Assets | $246.81 million |
| Loans | $123.32 million |
| Deposits | $228.24 million |
| Capital | $22.32 million |
Field of Membership Restrictions
Membership in ABCO Federal Credit Union is open to anyone through membership in the New Jersey chapter of the AmericanConsumer Council. It is also open to those who live, work, worship, or attend school in Atlantic City, Browns Mill/Pemberton, Burlington City, Fort Dix and McGuire AFB area, Mount Holly, Palmyra, Pleasantville, Vincentown, Plumstead, Jackson & Berkley Township, or Riverside/Delanco and to employees of select New Jersey counties, hospitals, or other industries.
Deposit Rates - April 15, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.50% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.20% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.30% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.40% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $1 | $99 | Learn More |
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Rewards Checking | 0.45% | $0 | $0.00 | Learn More |
Loan Rates - April 15, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Abco
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: 1835285 |
6.787% | 6.750% | 0.38 | $1,203 | $2,076 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Abco
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Branches
Below are Abco 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
Climate Policy and Initiatives
ABCO 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
Abco Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Abco. 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
| Abco | U.S. Average |
|---|---|
| 4.29% | 6.97 |
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 December 31, 2023, Abco had $519,894 in non-current loans and $500,000 in owned assets. To cover these potential losses it had $22,316,565 in net worth and $1,431,037 in loans loss reserves. That gives it a Texas Ratio of 4.29%.
Net Worth
| Abco | U.S. Average |
|---|---|
| 9.04% | 13.62% |
Abco FCU has a net worth of 9.04% versus the BestCashCow average of 13.62. 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 Abco
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