Credit union · NCUA insured
Wakefern Federal Credit Union
A $11.8M credit union headquartered in Elizabeth, NJ, with 1,224 members and 1 branch in New Jersey. Best rates: savings 0.04% APY.
Wakefern Federal Credit Union Carrot Score
66
Carrot Score
Higher than 16% of U.S. banks and credit unions
#128 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 Wakefern Federal Credit Union
Established in 1962, Wakefern Federal Credit Union is a member-owned cooperative association based in Elizabeth, New Jersey.
- Headquarters
- 505 Division St, Elizabeth, NJ 07201
- NCUA charter
- 15016
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Membership is available to employees and associates of Wakefern Food Corporation, its wholly-owned subsidiaries Food Haulers, Inc. and National Transport Services Company, all PriceRite stores, and participating ShopRite stores.
Cost to join
- Opening an account requires an initial deposit of $5.00.
- Membership application includes a $1.00 fee.
Branches
1 branch in New Jersey
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New Jersey
1 branch
- Wakefern FCUMain office505 Division St, Elizabeth, NJ 07201Directions
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 | 24.31% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.13% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 2.08% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $43 | $59 | — |
- CapitalNet worth ratio24.31%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.13%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets2.08%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$43Peers’ 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 Wakefern 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.