Credit union · NCUA insured
Picatinny Federal Credit Union
A $454.4M credit union headquartered in Dover, NJ, with 19,855 members and 5 branches in New Jersey. Best rates: CDs 3.66% and savings 0.10% APY.
Picatinny Federal Credit Union Carrot Score
69
Carrot Score
Higher than 24% of U.S. banks and credit unions
#116 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 Picatinny Federal Credit Union
Founded and incorporated in 1939 as Picatinny Arsenal Employees Federal Credit Union, Picatinny Federal Credit Union is a member-owned financial institution.
The credit union changed its name in 1977 and currently operates five branch locations serving more than 19,000 members across Morris, Essex, Somerset, and Union counties.
- Headquarters
- 100 Mineral Springs RD, Dover, NJ 07801
- NCUA charter
- 3291
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This may be incomplete or out of date, so check with the credit union before you apply.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
- Membership is open to individuals who live, work, worship, or go to school in Morris, Essex, Somerset, and Union counties.
Family and household
- Immediate family members of members are eligible to join regardless of where they live or work.
Cost to join
- Joining requires opening a savings account with a minimum deposit of $5.
Branches
5 branches in New Jersey
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New Jersey
5 branches
- Rockaway OfficeMain office100 Mineral Springs RD, Dover, NJ 07801Directions
- Denville340 E Main St, Denville, NJ 07834Directions
- Mt Olive Branch10 International DR S, Flanders, NJ 07836Directions
- Parsippany200 Baldwin Rd # 128, Parsippany, NJ 07054Directions
- Arsenal BranchArdec S Bldg 30, Picatinny Arsenal, NJ 07806Directions
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 | 9.42% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.70% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.50% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $60 | $76 | — |
- CapitalNet worth ratio9.42%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.70%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.50%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$60Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion 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 Picatinny 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.