Credit union · NCUA insured
First Atlantic Federal Credit Union Carrot Score
Top CarrotA $331.8M credit union headquartered in Eatontown, NJ, with 20,017 members and 3 branches in New Jersey.
First Atlantic Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 91% of U.S. banks and credit unions
- CDs87
- Savings94
- Auto loans75
- Credit cards75
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where First Atlantic Federal Credit Union ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
87top 23% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 4.50% | 99% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 3.85% | 62% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 3.00% | 35% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 3.50% | 67% | 3.05% | 3.65% | 4.07% |
| Qualified | 4.50% | 95% | 3.85% | 4.15% | 4.35% |
Best rates 83.4 · all terms 68.0 → 77.2 → 87
Savings
94top 4% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 2.00% | 92% | 0.20% | 0.50% | 1.51% |
| $10,000 | 2.75% | 94% | 0.50% | 1.15% | 2.20% |
| $100,000 | 3.75% | 98% | 1.00% | 2.01% | 2.93% |
| Qualified | 2.75% | 92% | 0.60% | 1.31% | 2.43% |
Best rates 92.9 · all balances 93.9 → 93.3 → 94
Auto loans
75beats 38% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 5.24% | 44% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 5.49% | 45% | 5.39% | 4.99% | 4.49% |
Best rates 45.2 · all vehicles 44.6 → 44.9 → 75
Credit cards
75beats 40% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 11.70% | 39% | 10.90% | 9.90% | 8.90% |
Best rates 39.4 · all rates 39.4 → 39.4 → 75
Where the score could improve
- CDs, 16-30 months3.85%3.00% today, higher than 35% of U.S. institutions. 3.85% would reach the top quarter; 4.20% the top 10%.
- CDs, 9-15 months4.00%3.85% today, higher than 62% of U.S. institutions. 4.00% would reach the top quarter; 4.25% the top 10%.
- CDs, 31-60 months3.65%3.50% today, higher than 67% of U.S. institutions. 3.65% would reach the top quarter; 4.07% the top 10%.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How First Atlantic Federal Credit Union got its score
Its products stand at 93.3 for savings, 77.2 for CDs, 44.9 for auto loans and 39.4 for credit cards, out of 100. Its best two, savings and CDs, average 85.3. Publishing four products adds 3.0, for 88.3. That puts it in the top 9% nationally: a Carrot Score of 90, a Top Carrot.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.