First Jersey Credit Union
First Jersey Credit Union was a federally insured, state chartered, 102 million dollar, 7,606 member, natural person, credit union operating from two branches in Passaic County, New Jersey. It was involuntarily liquidated by the NCUA on February 28th, 2018.[1] USALLIANCE Federal Credit Union absorbed the majority of FJCU.
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 Map of Passaic in Passaic County | |
| Type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1929 |
| Headquarters | Passaic County, New Jersey, United States |
| Products | Savings; checking; consumer loans; mortgages; credit cards; investments; online banking |
| Website | firstjerseycu.com |
History
First Jersey was originally chartered in 1929. The credit union converted from a multi-SEG credit union to a community credit union on 18 April 2005.[2]
First Jersey Credit Union Board members received media attention in 2009 over allegations by a former CEO of violations of the travel expense policy.[3]
Membership
Anyone who lives, works, worships or attends school in Passaic county, New Jersey is eligible for membership. Family members of current members are also eligible to join.
Services
First Jersey Credit Union offers these services:
- Checking Accounts and related, including debit cards
- Savings Accounts
- Certificates of Deposit
- IRAs
- Consumer loans of all kinds
- Lines of credit (LOC)
- Credit cards
- Auto loans: Car loans, motorcycle loans, etc.
- Home equity loans and Home equity lines of credit
- Mortgages
- Federally Insured Student loans
- Direct Deposit
- Home banking - initially offered in 2007
College Scholarships
Three High School seniors that are members of First Jersey Credit Union are awarded $1,000 scholarships to the college of their choice. The credit union also submits applications to the NJ Credit Union League for a shot at an additional $1,000 scholarship.
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Credit Unions College Scholarships New Jersey