MORRISTOWN

Headquarters

101 COLUMBIA RD, PO BOX1057
Morristown, NJ 07962
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Morristown is an NCUA insured institution located in Morristown, NJ. It was founded in 1953 and has approximately $64.46 millions in assets.

Morristown Federal Credit Union merged with Garden Savings Federal Credit Union.

NCUA Insured Yes
Charter Number # # 9059
Date Established 1953
Assets $64.46 million
Loans $27.54 million
Deposits $55.82 million
Capital $8.69 million
 

Deposit Rates - December 4, 2020

Your Current Location: Connecticut, CT 06828

We do not yet have rates for Morristown

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Morristown
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Loan Rates - December 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for MORRISTOWN

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.558% 2.500% 0.75 $1,905 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to MORRISTOWN
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Branches

Below are Morristown 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:
Fairfield,Connecticut


Morristown Locations


Financial Details

Morristown Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Morristown. 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
Morristown U.S. Average
8.72% 6.71

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 March 30, 2020, Morristown had $777,593 in non-current loans and $0 in owned assets. To cover these potential losses it had $8,694,343 in net worth and $222,242 in loans loss reserves. That gives it a Texas Ratio of 8.72%.

Net Worth
Morristown U.S. Average
13.48% 13.61%

Morristown FCU has a net worth of 13.48% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Morristown

Branches and Savings

What is Morristown?

A federal credit union, registered with the NCUA under certificate #9059.
Learn more about credit unions here.

Is Morristown FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Morristown?

Please see Field of Membership information above for information on who is eligible to join.

What are Morristown's share account and share certificate rates?

Morristown's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Morristown?

Morristown has total capital of $8.69 million. Full information on Morristown's financial position is located above.

Who owns Morristown?

Credit Unions are owned by their members.

Where are Morristown branches located?

See branch locations nearby.

Are Morristown ATMs Open 24/7?

Do Morristown ATMs accept cash deposits?

Can Morristown customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Morristown have a mobile app?

Does Morristown have mobile deposit?

Does Morristown have quick pay?

How can Morristown transfer money to other banks or credit unions?

Does Morristown report to credit bureaus?

Does Morristown use Chexsystems?

Does Morristown use Equifax?

What is Morristown's toll free phone number?

What is Morristown's ACH Routing Number?

What is Morristown's SWIFT code?

Where can I find Morristown's wire transfer form?

What is the Morristown address for deposits?

What Products Does Morristown Offer

Does Morristown offer mortgages?

Compare mortgage rates here.

Does Morristown offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Morristown offer auto and RV loans?

Compare auto loan rates here.

Does Morristown offer student loans or personal loans?

Compare personal loan rates here.

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