New Life
New Life is a credit union based in Philadelphia, Pennsylvania, established in 2003, with $798 thousand in total assets serving 551 members. By Trust Grade it ranks 255th of 271 credit unions we track in Pennsylvania. Its net worth ratio of 24.7% is stronger than 89% of similarly sized credit unions, versus a Pennsylvania median of 13.2%. It posted a loss over the most recent period (-1.11% return on assets), a point to watch. No consumer complaints against New Life appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How New Life compares to Pennsylvania peers
How we graded New Life
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (24.7% capital ratio)
- Unprofitable over the period (ROA -1.11%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for New Life over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at New Life insured?
Yes. New Life 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.
New Life: frequently asked questions
Is New Life a good credit union?
New Life earns a Bankzia Trust Grade of C (79/100, "Average"), based on a financial-strength score of 79/100 (it has no CFPB complaints on record). Strongly capitalized (24.7% capital ratio); Unprofitable over the period (ROA -1.11%).
Is New Life NCUA-insured?
Yes. New Life 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 New Life?
New Life holds $1 million in total assets, ranking 255th of 271 credit unions we track in Pennsylvania. It serves 551 members.
Does New Life have CFPB complaints?
No CFPB complaints against New Life 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.
