What is a Credit Union

Credit Unions are member-owned cooperatives; in fact, that's why your savings are technically called "shares." Unlike a for-profit bank, in which profits go back to a select group of stockholders, not-for-profit credit unions are organized to return all the profits to member-owners in the form of lower loan rates, higher savings rates, and lower fees.

Unlike a bank, in which the board of directors are often determined by who owns the most stock; every member of the credit union gets one vote for the board.  The board of directors is made up of members such as yourself.

What's more, at NJFCU members' deposits are federally insured by the National Credit Union Administration (a division of the federal government) for a total of $250,000 ensuring you that your money will be there for you when you need it. We insure accounts up to $500,000; $250,000 through the NCUA and an additional $250,000 through private insurance ESI. Read More.

Join Today

Membership is available to you and your family at no cost. Plus, once you join you may remain a member forever, even if you change jobs, relocate, or retire. At NJFCU, we are dedicated to guiding you to financial success. The first account you open is a Share Savings account. It is referred to as "Share Savings" because as a cooperative financial association, members own the credit union. Your initial deposit of $50 to open a Share Savings account represents your "share" of ownership.

As "part-owner" you will have full access to the many benefits of membership. The products and services available are designed to help you manage your personal financial affairs at the lowest possible cost. Our staff is committed to providing the personal attention you deserve in satisfying your individual financial needs. If you ever have a question, simply e-mail us at info@njfcu.org and a Member Service Representative will respond to your needs.
Click here to get the Membership Application.

Invite Your Family...

After you become a member, your family members are automatically eligible to join as well. For additional membership applications for your family, call us at 888-78-NJFCU, stop by any NJFCU location or e-mail us at info@njfcu.org

Click here to get the Membership Application.

"Can I Join NJFCU?"

You are eligible for membership if you live, work, worship, attend school or regularly conduct business in Passaic or Bergen Counties or the underserved areas of Essex or Union Counties or the City of Newark. To find out if your company is in our membership; contact your Human Resources department, call NJFCU at 888-78-NJFCU or e-mail us at businessdevelopment@njfcu.org.

To learn more about the benefits of joining North Jersey Federal click here