Local 1233
Local 1233 is a credit union based in Newark, New Jersey, established in 1971, with $14 million in total assets serving 902 members. By Trust Grade it ranks 31st of 127 credit unions we track in New Jersey. Its net worth ratio of 17.9% is stronger than 70% of similarly sized credit unions, versus a New Jersey median of 13.9%. It was profitable over the most recent period, with a 0.76% return on assets. No consumer complaints against Local 1233 appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Local 1233 compares to New Jersey peers
How we graded Local 1233
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (17.9% capital ratio)
- Profitable (ROA 0.76%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Local 1233 over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Local 1233 insured?
Yes. Local 1233 is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Local 1233: frequently asked questions
Is Local 1233 a good credit union?
Local 1233 earns a Bankzia Trust Grade of A (96/100, "Excellent"), based on a financial-strength score of 96/100 (it has no CFPB complaints on record). Strongly capitalized (17.9% capital ratio); Profitable (ROA 0.76%).
Is Local 1233 NCUA-insured?
Yes. Local 1233 is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Local 1233?
Local 1233 holds $14 million in total assets, ranking 31st of 127 credit unions we track in New Jersey. It serves 902 members.
Does Local 1233 have CFPB complaints?
No CFPB complaints against Local 1233 appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
