536 Washington Ave
Nutley, NJ 07110
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.20% →
1-Year CD 0.75% 1.10% →
2-Year CD 0.85% 1.15% →
5-Year CD 1.10% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Proponent is an NCUA insured institution located in Nutley, NJ. It was founded in 1971 and has approximately $481.05 millions in assets.

Who can join?

Employment Eligibility
If you are an employee or retiree of select employer groups, you are eligible to join.

Family Eligiblity
Immediate family and household members of the employees or retirees of select employer groups are also eligible for membership. Immediate family is defined as grandparents, parents, spouse, siblings, children, or grandchildren (including similar relations through adoption and by marriage). Household member is defined as person permanently living in the same residence and who maintain a single economic unit.

NCUA Insured Yes
Charter Number # # 20448
Date Established 1971
Assets $481.05 million
Loans $401.24 million
Deposits $417.72 million
Capital $61.51 million

Field of Membership Restrictions

Must be an employee or retiree of one of the Select Employer Groups (SEGs).

Deposit Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.35% $10,000 $14,999 Learn More
3 Mo CD
0.40% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
0.95% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.05% $10,000 $14,999 Learn More
60 Mo CD
1.10% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
0.10% $1 $499 Learn MoreShow Less

Loan Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for PROPONENT

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 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.870% 2.800% 0.88 $2,296 $1,028 Learn More
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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


Below are Proponent 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:

Proponent Locations

Financial Details

Proponent Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Proponent. 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
Proponent U.S. Average
5.64% 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, Proponent had $3,230,552 in non-current loans and $675,136 in owned assets. To cover these potential losses it had $61,509,705 in net worth and $7,690,840 in loans loss reserves. That gives it a Texas Ratio of 5.64%.

Net Worth
Proponent U.S. Average
12.78% 13.61%

Proponent FCU has a net worth of 12.78% 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 Proponent

Branches and Savings

What is Proponent?

A federal credit union, registered with the NCUA under certificate #20448.
Learn more about credit unions here.

Is Proponent 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 Proponent?

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

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

Proponent'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 Proponent?

Proponent has total capital of $61.51 million. Full information on Proponent's financial position is located above.

Who owns Proponent?

Credit Unions are owned by their members.

Where are Proponent branches located?

See branch locations nearby.

Are Proponent ATMs Open 24/7?

Do Proponent ATMs accept cash deposits?

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

Does Proponent have a mobile app?

Does Proponent have mobile deposit?

Does Proponent have quick pay?

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

Does Proponent report to credit bureaus?

Does Proponent use Chexsystems?

Does Proponent use Equifax?

What is Proponent's toll free phone number?

What is Proponent's ACH Routing Number?

What is Proponent's SWIFT code?

Where can I find Proponent's wire transfer form?

What is the Proponent address for deposits?

What Products Does Proponent Offer

Does Proponent offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Proponent offer auto and RV loans?

Compare auto loan rates here.

Does Proponent offer student loans or personal loans?

Compare personal loan rates here.

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