Question 1

What is North Jersey Federal Credit Union (NJFCU)?

Accepted Answer

North Jersey Federal Credit Union (NJFCU) is a member-owned, not-for-profit financial cooperative serving communities across northern New Jersey. With approximately $248 million in assets and over 27,000 members, NJFCU provides comprehensive banking services to residents, workers, and businesses in Bergen, Essex, Hudson, and Passaic counties, along with select municipalities in Morris and Union counties.

The credit union operates four full-service branches located in Totowa (main office), Newark (two locations), and Elmwood Park. NJFCU emphasizes community service and building relationships with the people and neighborhoods it serves.

Question 2

When was North Jersey Federal Credit Union (NJFCU) founded?

Accepted Answer

North Jersey Federal Credit Union was founded in 1936, making it one of New Jersey's longest-established credit unions. The credit union was created to serve individuals of modest means who had limited access to affordable and reliable financial services at traditional banks during that era.

Over nearly nine decades, NJFCU has evolved from its original mission to become a comprehensive financial institution serving diverse communities throughout northern New Jersey, while maintaining its cooperative structure and member-focused philosophy.

Question 3

Where is North Jersey Federal Credit Union (NJFCU) headquartered?

Accepted Answer

NJFCU is headquartered at 711 Union Boulevard in Totowa, New Jersey. The Totowa location serves as the main office and features both lobby and drive-thru services.

The headquarters is conveniently located in Passaic County, providing central access to the credit union's multi-county service area in northern New Jersey.

Question 4

Where does North Jersey Federal Credit Union (NJFCU) operate?

Accepted Answer

NJFCU operates four branch locations across northern New Jersey:
• Totowa (main office) - 711 Union Blvd., offering drive-thru services
• Newark Branch #1 - 186 W. Market Street
• Newark Branch #2 - 195 Norman Road
• Elmwood Park - 444 Mola Blvd., with drive-thru services

The credit union's service area encompasses Bergen County, Essex County, Hudson County, and Passaic County in their entirety. NJFCU also serves select municipalities in Morris County (including Denville, Dover, Florham Park, Hanover, Morris, Morristown, Rockaway Borough, and Rockaway Township) and Union County (Elizabeth, Linden, and Roselle).

Additionally, NJFCU members have access to over 30,000 surcharge-free ATMs nationwide through the CO-OP ATM Network, including 7-Eleven locations, and can use 5,000 shared branches across the country through CO-OP Shared Branching.

Question 5

What services does North Jersey Federal Credit Union (NJFCU) offer?

Accepted Answer

NJFCU provides a comprehensive range of financial products and services:

Deposit Accounts: Share savings accounts, checking accounts, money market accounts, share certificates (CDs), Individual Retirement Accounts (IRAs), vacation and holiday club accounts, and Kids Kash Club youth accounts.

Lending Services: Auto loans for new and used vehicles, personal loans, mortgage loans, credit-building loans for members working to improve their credit scores, and MasterCard credit cards with competitive rates and no annual fees on select cards.

Digital Banking: NJFCU Mobile app available on iOS and Android platforms, featuring dashboard account management, bill pay, mobile deposits, transaction viewing, and secure account access. The credit union also offers full-service online banking with account management and bill pay capabilities.

Additional Services: Wire transfers, money orders, ATM and debit cards with CO-OP Network access, and financial education resources.

Question 6

What makes North Jersey Federal Credit Union (NJFCU) unique?

Accepted Answer

Broad Community Eligibility: NJFCU maintains inclusive membership criteria, welcoming anyone who lives, works, worships, attends school, or regularly conducts business in its service area. This community-focused approach makes membership accessible to a wide range of northern New Jersey residents.

Member-Owned Cooperative: As a not-for-profit financial cooperative, NJFCU operates for the benefit of its members rather than external shareholders, returning profits through better rates, lower fees, and enhanced services.

Credit-Building Programs: The credit union offers specialized credit-building loans designed to help members improve their credit scores, demonstrating a commitment to financial empowerment and member success.

Extensive ATM and Branch Network: Through CO-OP partnerships, members gain access to over 30,000 surcharge-free ATMs and 5,000 shared branches nationwide, significantly expanding convenience beyond the four physical locations.

Community Investment: NJFCU has served the underserved areas of Essex and Union counties, including the City of Newark, for nearly 90 years, maintaining a strong commitment to improving financial access in these communities.

Question 7

What type of financial institution is North Jersey Federal Credit Union (NJFCU)?

Accepted Answer

North Jersey Federal Credit Union is a federally chartered credit union regulated by the National Credit Union Administration (NCUA). Member deposits are insured up to $250,000 by the National Credit Union Share Insurance Fund, backed by the full faith and credit of the United States government.

As a credit union, NJFCU operates as a member-owned financial cooperative where each member has equal voting rights regardless of account balance. Membership requires maintaining a minimum of $5.00 in a share savings account, with no membership fees.

The credit union serves a community charter, meaning membership is available to individuals and businesses based on geographic location rather than employment or associational ties. The cooperative structure ensures that the institution's primary focus remains on serving member needs rather than generating profits for external investors.

North Jersey Federal Credit Union (NJFCU)

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About North Jersey Federal Credit Union (NJFCU) in the United States