Credit union · NCUA insured
Midstate Federal Credit Union
A $23.8M credit union headquartered in Carteret, NJ, with 1,139 members and 1 branch in New Jersey. Best rates: savings 0.05% APY.
Midstate Federal Credit Union Carrot Score
63
Carrot Score
Higher than 9% of U.S. banks and credit unions
#145 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Midstate Federal Credit Union
MidState Federal Credit Union is a member-owned financial cooperative founded in 1950 and headquartered in Carteret, New Jersey.
Originally founded as USMR Employees Federal Credit Union serving United States Metals Refining Company employees, it was renamed MidState Federal Credit Union in 1984 and received NCUA approval for a community charter in 2000.
The credit union serves persons who live, work, worship, attend school, or own businesses and legal entities in the Borough of Carteret, New Jersey, and Union County.
- Headquarters
- 217 Roosevelt Ave, Carteret, NJ 07008
- NCUA charter
- 6739
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, attend school, own businesses, or own other legal entities in the Borough of Carteret, New Jersey, and Union County are eligible to join.
Employers and groups
- Businesses located in the Borough of Carteret, New Jersey, and Union County may join and have their employees become members.
Branches
1 branch in New Jersey
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New Jersey
1 branch
- MidState FCUMain office217 Roosevelt Ave, Carteret, NJ 07008Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 15.55% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.81% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.86% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $30 | $59 | — |
- CapitalNet worth ratio15.55%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.81%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.86%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$30Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Midstate Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.