Motion

360 N Wood Ave
Linden, NJ 07036

Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 53
Date Established 1934
Assets $75.07 million
Loans $55.62 million
Deposits $70.04 million
Capital $4.99 million

Motion is an NCUA insured institution located in Linden, NJ. It was founded in 1934 and has approximately $75.07 millions in assets.

Field of Membership Restrictions

Membership is open to employees or members of select companies or organizations and to family of current members.

Savings Rates

Your Current Location: Virginia, VA 20146

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Loan Rates

Your Current Location: Virginia, VA 20146

BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.

There are currently no rates available for MOTION

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Branches

Below are Motion 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:
Ashburn,Virginia


Motion Locations

Financial Details

Motion Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Motion. 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
Motion U.S. Average
28.22% 7.80%

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. As of December 31, 2016, Motion had $1,292,140 in non-current loans and $230,000 in owned assets. To cover these potential losses it had $4,991,935 in net worth and $401,249 in loans loss reserves. That gives it a Texas Ratio of 28.22%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a credit union has to absorb its loan losses.

Net Worth
Motion U.S. Average
6.41% 13.06%

Motion FCU has a net worth of 6.41% versus the BestCashCow average of 13.06%. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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