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ILA Local 1235 Federal Credit Union Rates & Review April 2026

Content reviewed by
Brian McKay Brian McKay
Brian McKay

Brian McKay

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Editorial Disclosure The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
| ✓Fact Checked | Rates Last Updated: April 17, 2026

You can compare ILA Local 1235 Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 2.21%, 6-month share certificate rates at 0.60% and 3-month share certificate rates at 3.75%. Savings rates are at 0.35% and money market rates are at 0.35%. Mortgage rates on 30-year fixed loans are around 5.94%. All these rates can be compared to ILA Local 1235 Federal Credit Union rates. MonitorBankRates evaluates the financial stability of ILA Local 1235 Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.39%. Rates were last updated on 04/17/2026.

ILA Local 1235 Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at ILA Local 1235 Federal Credit Union? Share your experience about ILA Local 1235 Federal Credit Union by leaving a review below, or read customer reviews before you decide to use ILA Local 1235 Federal Credit Union.

Overall Health & Safety Grade ?
A+
Exceptional Health Score: 99/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
1.39%
Excellent Lower than avg
ILA Local 1235 Federal Credit Union
ILA Local1235
327 Milltown RD
Springfield, NJ 07081
https://www.ila1235fcu.com
Member NCUA

Current Rate Availability

We do not have ILA Local 1235 Federal Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating
Our rating for ILA Local 1235 Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather ILA Local 1235 Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with ILA Local 1235 Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name ILA Local 1235 Federal Credit Union
Website https://www.ila1235fcu.com
Address 327 Milltown RD, Springfield, NJ 07081
Phone 973-344-8660
Fax
President James Anderson
CEO Kristina Amado
Full-Time Employees 2
Part-Time Employees 1
Branch Locations 1
ATM Locations 0
NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (99/100)
Texas Ratio
1.39%
Return on Assets (ROA)
0.3593%
Return on Equity (ROE)
2.8648%
Non-Performing Loans Ratio (NPL)
0.25%
Total Assets
7,167,781
Total Amount of Shares and Deposits
6,289,137
Total Shares and Deposits < 1 Year
6,289,137
Total Insured Shares and Deposits > $250K (item 17 less item K)
6,289,137
Total Interest Expense (Sum of items 6 8)
2,745
Share Certificates
3
Number of Accounts for Share Drafts
106
Number of Accounts for Regular Shares
740
Net Income (unless the amount is already included in Undivided Earnings)
6,869
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
374,065
Total Liabilities
6,268,881
Source: NCUA — Last Updated 09/30/2025

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Frequently Asked Questions About ILA Local 1235 Federal Credit Union

Is ILA Local 1235 Federal Credit Union a safe place to deposit money?

Yes, ILA Local 1235 Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 1.3943066816335%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does ILA Local 1235 Federal Credit Union operate?

ILA Local 1235 Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join ILA Local 1235 Federal Credit Union?

Yes, to access services at ILA Local 1235 Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, ILA Local 1235 Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, ILA Local 1235 Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does ILA Local 1235 Federal Credit Union offer online and mobile banking?

Most modern institutions like ILA Local 1235 Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.ila1235fcu.com.

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