Recession Survival Guide
At North Jersey Federal, we understand how these tough economic times can be overwhelming. Our Recession Survival Guide can help you navigate these challenges. Here we can guide you through some common challenges our members face.
Job Loss and Your Membership
If you face a lay-off or separation from your employer, you remain a member of North Jersey Federal. Talk with your Member Service Representative about how you can adjust your payroll deductions, direct deposit your unemployment payments to your member account or how to establish direct deposit with a new employer.
Income Loss and Your Loans
At North Jersey Federal, we understand that ‘life happens’. When it does, talk to us about how we can help you through a tough situation. If you experience a loss of income that will keep you from timely loan payments to us, let us know right away. We can help you by restructuring your loan to alleviate some of your financial pressure. Call our Collections Team today for more information.
Job Seekers, Unemployment Insurance and Social Services Support
Looking for a job after a lay-off? Exploring unemployment insurance or social services support for the first time? Today, this is true for many Americans. Take advantage of receiving the help your payroll deductions and tax dollars support each year by applying for assistance. There are also other community resources to supplement your needs for food, utility payments and other private sources of support. Here are some agencies that may be able to help you. Connect with them today.
State Resources
State of New Jersey Department of Labor and Workforce Development
Career Development, Employment Opportunities, Unemployment Insurance
New Jersey 211 Community Resource Website
Human Services, Community Resources, Government Assistance
Web: nj211.org
New Jersey SHARES, Inc
Temporary Energy AssistanceWeb: njshares.org
County Resources
Passaic County Board of Social Services
Emergency Assistance, Food Stamps, Energy Assistance
Bergen County Board of Social Service
Emergency Assistance, Food Stamps, Energy Assistance
Essex County Department of Citizen Services
Emergency Assistance, Food Stamps, Energy Assistance
http://www.essex-countynj.org/index.php?section=dept/cs/w
Union County Human Services
Emergency Assistance, Food Stamps, Energy Assistance
http://www.ucnj.org/socialsvcs
You and Your Credit History
Your credit history is a financial blueprint of your life. Protect it by knowing what is in your credit report. Visit annualcreditreport.com and order your free credit report* from the three major credit reporting agencies in the United States. You may also purchase optional credit score products and credit monitoring services.
To protect your credit and identity, North Jersey Federal offers Fraud Protection Plus to help you monitor the activity of your credit cards, credit report and more. For more information, visit our homepage at njfcu.org and click on the Fraud Protection Plus link.
* In New Jersey, you may request one free report per agency per year.
Daily Saving and Spending Tips
Nowadays, your dollar needs to stretch much farther than it used to. Visit these Web sites for great saving and spending tips to help you manage your finances:
This site is loaded with practical financial advice for savers and spenders of all life stages. It includes a comprehensive survival guide for the unemployed, college tuition savers, homeowners, home sellers and more. Sponsored by the American Institute of Certified Public Accountants.
Meet spokespig, Benjamin Bankes, and learn the power and fun of saving. Geared toward young adults, aged 25-34. Sponsored by the American Institute of Certified Public Accountants.
Click on the Money tab at oprah.com and open the door to tons of information on spending, saving and more. Also, read the Community Message Board posts to read how others are coping with their financial situation.
The United States General Services Administration shares a wealth of consumer information on their Web site. Free and low cost guides are available on money, cars, education, employment and more.
Do you have a favorite Web site? E-mail us at marketing@njfcu.org.
