2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 53
Date Established 1934
Assets $67.91 million
Loans $40.34 million
Deposits $63.70 million
Capital $4.34 million

Motion is an NCUA insured institution located in Linden, NJ. It was founded in 1934 and has approximately $67.91 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.

Deposit Rates - September 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.20% $2,501 $50,000 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.55% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.12% $500 - Learn MoreShow Less
6 Mo CD
0.15% $500 - Learn MoreShow Less
12 Mo CD
0.45% $500 - Learn MoreShow Less
18 Mo CD
0.65% $500 - Learn MoreShow Less
24 Mo CD
1.06% $500 - Learn MoreShow Less
30 Mo CD
1.06% $500 - Learn MoreShow Less
36 Mo CD
1.26% $500 - Learn MoreShow Less
48 Mo CD
1.46% $500 - Learn MoreShow Less
60 Mo CD
1.66% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $50 - Learn MoreShow Less

Loan Rates - September 18, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MOTION

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
First Internet Bank
NMLS ID: 424182
3.761% 3.750% 0.13 $352 $1,158 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.693% 3.625% 0.50 $2,122 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

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



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
14.51% 6.77

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 31, 2019, Motion had $545,702 in non-current loans and $140,750 in owned assets. To cover these potential losses it had $4,342,491 in net worth and $389,847 in loans loss reserves. That gives it a Texas Ratio of 14.51%.

Net Worth
Motion U.S. Average
6.61% 13.47%

Motion FCU has a net worth of 6.61% versus the BestCashCow average of 13.47. 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 Motion

Branches and Savings

What is Motion?

A federal credit union, registered with the NCUA under certificate #53.
Learn more about credit unions here.

Is Motion 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 Motion?

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

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

Motion'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 Motion?

Motion has total capital of $4.34 million. Full information on Motion's financial position is located above.

Who owns Motion?

Credit Unions are owned by their members.

Where are Motion branches located?

See branch locations nearby.

Are Motion ATMs Open 24/7?

Do Motion ATMs accept cash deposits?

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

Does Motion have a mobile app?

Does Motion have mobile deposit?

Does Motion have quick pay?

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

Does Motion report to credit bureaus?

Does Motion use Chexsystems?

Does Motion use Equifax?

What is Motion's toll free phone number?

What is Motion's ACH Routing Number?

What is Motion's SWIFT code?

Where can I find Motion's wire transfer form?

What is the Motion address for deposits?

What Products Does Motion Offer

Does Motion offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Motion offer auto and RV loans?

Compare auto loan rates here.

Does Motion offer student loans or personal loans?

Compare personal loan rates here.

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