Credit Union News

New Jersey Credit Unions Hit Milestone with Reality Fairs: Program Hosted its 60th Event Since its Inception

TOMS RIVER, N.J. – The popular and growing New Jersey Credit Union Financial Reality Fair program made its sixth trip to the main campus of Ocean County College in Toms River on Thursday to bring the hands-on financial literacy experience to 15 “First Year Experience” classes. This Fair served as a milestone for the program, marking its 60th Reality Fair conducted since the program began in 2010. Reality Fair have reached out over 7,100 students throughout the state.

This was the first year that Ocean County College made the Reality Fair program a co-curricular requirement for the college’s entry-level course. Around 100 students gathered in a large conference room for a brief orientation then were set loose to build their hypothetical lifestyles, pretending they just graduated and have started working in an entry-level position in their field of study.

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Garden Savings FCU’s Michael Powers Talks Credit Unions with NJ Ad Club

Garden Savings FCU Chief Sales Officer Michael Powers was recently interviewed by NJ Ad Club on their regular Professional Spotlight Series web cast. The show features marketing professionals from throughout New Jersey discussing current and important marketing topics as well as unique challenges in their respective industries. 

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Jersey Shore FCU Raises $580 for the Alcove Center for Grieving Children & Families

NORTHFIELD, N.J. – Jersey Shore Federal Credit Union staff participates in quarterly charitable fundraising events to assist children and their families in Atlantic and Cape May Counties.

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Rutgers FCU Brings First Reality Fair to Rutgers University Busch Campus

PISCATAWAY, N.J. – Rutgers FCU hosted its first-ever Reality Fair for Rutgers University on the college’s Busch Campus on Thursday. 

The Reality Fair was held in conjunction with a career event for graduating seniors, named “Life After Rutgers” and hosted by the Student Support Services Team, which included a presentation on student loans, assistance with resume writing and interview skills, the opportunity to get professional headshots taken, and more. 

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Members 1st of NJ FCU Brings Reality Fair to Bridgeton High School for Third Consecutive Year

BRIDGETON, N.J. – Nearly 120 students at Bridgeton High School took part in the school’s third Reality Fair last Friday.

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In Memoriam: County Educators FCU CEO Glenn South

Thursday morning, Glenn South lost his long battle and passed away waiting for a liver and kidney transplant at NYU Transplant Center in New York City. He was the CEO of County Educators Federal Credit Union in Roselle Park, N.J. for over 20 years, working at the credit union for 28 years. He was also Treasurer of Symbionce Financial Solutions, LLC, a mortgage CUSO based in N.J.

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SacTown, Freedom Runs Highlight CU Support for CMNH

WASHINGTON – While the streets around the Washington monument will be filled with Credit Union Cherry Blossom Ten Mile runners Sunday, runners around the world will be participating in similar races. The 7thAnnual Credit Union SacTown Run in Sacramento, California and a Freedom Run in Kuwait will also take place Sunday, with another freedom run in Germany set for April 15.

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Mary E. Volz Middle School Participates in its Second Reality Fair

RUNNEMEDE, N.J. – Nearly 90 students at the Mary E. Volz Middle School took part in the school’s second Reality Fair.

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Credit Union of New Jersey Announces the Spring 2017 Breakfast Club Forum

EWING, N.J. – Credit Union of New Jersey (CUNJ) and Biz Lending & Insurance Center, Inc. announces CUNJ’s 7th BreakFast Club Forum for Commercial Real Estate professionals – realtors, mortgage brokers, appraisers, developers, builders, investors, CPA’s, attorneys and other industry professionals.  The BreakFast Club Forum will be held on April 27th from 7:30 a.m. to 10 a.m. at the Trenton Country Club in West Trenton.

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Hamilton Horizons FCU Hosts Reality Fair for Trenton Youth Group

TRENTON, N.J. – Hamilton Horizons FCU in partnership with Beyond Expectations hosted a mini Reality Fair for a Trenton Youth Group at the First Baptist Church in Trenton on Saturday.

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Members 1st of N.J. FCU Donates Charging Station to Library

WOODSTOWN, N.J. – Members 1st of N.J. FCU supported the local community by sponsoring a courtesy charging station at the Woodstown-Pilesgrove Library.

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Guilty Verdicts in HOPE FCU-Bitcoin Scheme

NEW YORK – The former HOPE FCU board chair and CEO and a board member face lengthy prison sentences for their roles in taking control of the credit union and using it to conceal an illegal Bitcoin operation that ran tens of millions of dollars in ACH transactions.

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Bay Atlantic FCU Holds St. Patrick’s Day Bake Sale to Benefit CMN at CHOP

VINELAND, N.J. – On St. Patrick’s Day, Bay Atlantic FCU held a bake sale to benefit Children’s Miracle Network Hospitals at CHOP (Children’s Hospital of Philadelphia).

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Save the Date: Garden Savings FCU Hosting 7th Annual Golf Outing July 17th

BEDMINSTER, N.J. – Garden Savings Federal Credit Union has announced that it will host its 7th annual golf outing on Monday, July 17th at the beautiful Fiddler’s Elbow Country Club in Bedminster, N.J.

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CUNJ’s Paul Bertuccini and Jersey Shore FCU’s John DiNofrio Inducted in Credit House ‘Hall of Leaders’

WASHINGTON – Two dedicated New Jersey credit union volunteers were recently inducted into the Credit House “Hall of Leaders”. Credit Union of New Jersey Vice Chairman Paul Bertuccini and Jersey Shore FCU Chairman John DiNofrio were honored during CUNA’s GAC for their commitment to the credit union movement.

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XCEL FCU CEO Linda McFadden Receives Credit Union Times Trailblazer Award for Outstanding Political Action

WASHINGTON – XCEL FCU President/CEO and NJCUL Board Member Linda McFadden recently received the Credit Union Times Trailblazer Award for Outstanding Political Action. McFadden accepted her award during the CU Times’ 2017 Trailblazer Award reception on Tuesday, February 28, at the Renaissance in Washington, DC, during CUNA's Governmental Affairs Conference.

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Visions FCU Contributes $5,000 Grant to Help Students with Behavior Issues

WASHINGTON TOWNSHIP, N.J. – Visions Federal Credit Union and their “Visions Loves Teachers Classroom Program” recently contributed a $5,000 grant to Benedict A. Cucinella School’s “Seeing is Believing” program. This program teaches students positive behavior changes across all areas of childhood development.

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XCEL FCU’s Stacey Walker Receives Credit Union Times Volunteer of the Year Trailblazer Award

WASHINGTON – XCEL FCU Board Member Stacey Walker recently received the Credit Union Times Volunteer of the Year Trailblazer Award. Walker accepted her award during the CU Times’ 2017 Trailblazer Award reception on Tuesday, February 28, at the Renaissance in Washington, DC, during CUNA's Governmental Affairs Conference.

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XCEL FCU Director of Marketing and NJ PLAN Chair Tom Quigley Talks the CU Difference with Lt. Governor Kim Guadagno

POMPTON, LAKES, N.J. – Tom Quigley, director of marketing at XCEL Federal Credit Union and chair of the League’s Political and Legislative Action Network (PLAN), recently met with New Jersey Lt. Governor Kim Guadagno.

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Maria Solorzano Appointed New President/CEO of Liberty Savings FCU

JERSEY CITY, N.J. – Liberty Savings FCU has announced the appointment of Maria Solorzano as their new President/CEO. She assumed responsibilities as of January 1, 2017, succeeding James J. Miller, Sr., who has resigned as President/CEO after many years of dedicated service as he embarks onward towards a well-deserved retirement.

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North Jersey FCU Opens New Branch in Elmwood Park and Dedicates Building to it's Late Former Chairman Frank Migliaccio

ELMWOOD PARK, N.J. – On a beautiful, cool, sunny day, North Jersey Federal Credit Union (NJFCU) commemorated the addition to its latest group of branches by dedicating the building to its former Chairman, Frank Migliaccio.

Beloved by many who knew him, Frank passed away on January 22, 2017. During his 30 years of service on NJFCU’s Executive Board, Frank was wholeheartedly committed to serving the credit union and the North Jersey community.

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Picatinny FCU Collects Coats for Veterans

BASKING RIDGE, N.J. – Picatinny FCU (PFCU) held a Coat Drive for Veterans from Jan. 9 through Feb. 10. Collection bins were set up in each of their branch locations.

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Credit Union of New Jersey Named to Inaugural CULAC Circle of Excellence

WASHINGTON – Credit Union of New Jersey (CUNJ) will be honored with the inaugural CULAC Circle of Excellence award at this year’s CUNA GAC. New this year, the award will be presented annual to the credit union that raised the most funds for CULAC in its state during the previous year.

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South Jersey FCU Names Kathleen Heid as Vice President of Human Resources & Training

DEPTFORD TOWNSHIP, N.J. – South Jersey Federal Credit Union (SJFCU) announced that Kathleen Heid has joined the credit union as Vice President of Human Resources and Training. She is a certified Senior Professional in Human Resources (SPHR) from the HR Certification Institute and a Society for Human Resources Management Certified Professional (SHRM-CP) with more than 30 years’ experience in banking and financial services.

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In Memoriam: Former League Employee and BMS FCU CEO Phil Pullen Passes

HIGHTSTOWN, N.J. – Philip Pullen passed away after a battle with cancer on February 2nd. Pullen worked for the New Jersey Credit Union League as Vice President of Member Services and went on to be CEO of BMS FCU before retiring.

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North Jersey FCU to Commemorate New Branch Grand Opening with Building Naming Ceremony

ELMWOOD PARK, N.J. – North Jersey FCU (NJFCU) will dedicate the grand opening of its new branch by naming it in honor of Frank Migliaccio, NJFCU’s former Chairman who recently passed away on January 22nd, 2017. During Frank’s 29 years of service on NJFCU’s Executive Board, Frank was always committed to serving the credit union and the North Jersey community.

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Twelve N.J. Credit Union Employees Become Certified Financial Counselors Through FiCEP Program

HIGHTSTOWN, N.J. – The New Jersey Credit Union League partnered with the National Credit Union Foundation for the third consecutive year in 2016 to offer a program to New Jersey credit unions to affordably have staff members trained as financial counselors through CUNA’s FiCEP program.

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Thunderbolt Area FCU First Community Sponsor of Millville Airshow

MILLVILLE, N.J. – Chuck Wyble, president of the Millville Army Air Field Museum (MAAFM), and Lisa Jester, executive director of the museum, thanked Bob Millard, president of Thunderbolt Area Federal Credit Union, for being the first "Top Gun" community sponsor of the 2017 Millville Wheels & Wings Airshow which will feature the U.S. Navy Blue Angels on Memorial Day Weekend, May 27 and 28.

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Six CUNJ Employees Achieve FiCEP Certification

EWING, N.J. – Credit Union of New Jersey (CUNJ) has a commitment to help its members be in control of their financial lives. In 2016, six CUNJ employees went through a rigorous process to become certified financial counselors through the Financial Counseling Certification Program (FiCEP). These six employees will now be able to help those in difficult financial situations, whether it is a life changing event or just being able to set a budget for a brighter future.

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In Memoriam: North Jersey FCU Chairman Frank Migliaccio Passes

TOTOWA, N.J. – North Jersey Federal Credit Union Chairman Frank Migliaccio passed away on Sunday, January 22, 2017 at St. Joseph’s Wayne Hospital in Wayne, N.J. He was 75 years old. Migliaccio served on the North Jersey FCU Executive Committee for over 30 years, 25 of which he served as the Chairman of the Board. “He truly lived and embodied the core values of our credit union, ‘people helping people’,” said the credit union.

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Millville Senior High School Reality Fair Featured in the Press of Atlantic City

MILLVILLE, N.J. – Last week’s Millville Senior High School Reality Fair that gave 85 students a taste of budgeting reality was picked up in the Press of Atlantic City, Tuesday.

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Biz Kid$ Financial Ed Grants Now Available From National Foundation

Grants Extend Reach of Award-Winning Financial Literacy Series

MADISON, Wis. – Credit union organizations can now apply for a Biz Kid$ Financial Education Grant from the National Credit Union Foundation (the Foundation) through March 31, 2017. The Foundation is looking to distribute up to $75,000 in grant funds to credit union organizations as part of this effort.

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Bay Atlantic FCU Releases its Annual Membership Report

VINELAND, N.J. – Bay Atlantic FCU (BAFCU) recently released its annual membership report to its members recapping a year of the credit union’s news.

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Atlantic Federal Seeking a Volunteer for its Board of Directors

Atlantic Federal Credit Union is seeking a volunteer to fill a vacancy on its Board of Directors and join a team representing its diverse membership.

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Millville Senior High School Experiences its First Reality Fair

MILLVILLE, N.J. – On Tuesday, 85 students at Millville Senior High School took part in the school’s first Reality Fair set up in the gymnasium.

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Atlantic Federal Holding a Winter Coat Drive

KENILWORTH, N.J. – Atlantic Federal kicked off its Annual Winter Coat Drive in November and will continue to accept donations through February 2017. Since November, Atlantic FCU has already collected enough coats to help several dozen families.

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Picatinny Federal Credit Union Hosting a Coat Drive for Veterans

DOVER, N.J. – Picatinny FCU is hosting a Coat Drive for Veterans. The Coats will be donated to the VA New Jersey Health Care System.

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Jersey Shore FCU Adopted a Family from Family Promise of Cape May County

RIO GRANDE, N.J. – Jersey Shore Federal Credit Union (JSFCU) collected gifts for their Rio Grande Branch Starfish Angel Tree to benefit a family of four from the Family Promise of Cape May County. Members from the Rio Grande Branch and JSFCU staff generously collected presents from clothes and shoes to toys and gift cards.

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Jersey Shore FCU Gives Gifts to Five Lucky Children This Holiday Season

NORTHFIELD, N.J. – Five lucky children in South Jersey received a giant teddy bear with a wagon full of toys this holiday season courtesy of Jersey Shore FCU (JSFCU).

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Jersey Shore FCU's Membership Supports Atlantic City Rescue Mission

NORTHFIELD, N.J. – Jersey Shore Federal Credit Union’s membership embraced the spirit of the holiday and collected gifts for the children staying at the Atlantic City Rescue Mission. Over 300 gifts poured in for children that may not have had the opportunity to receive a gift at all.

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N.J. CUs Contributed $1.8B to State’s Economy in 2015, According to CUNA Estimates

HIGHTSTOWN, N.J. – The estimated economic contribution of New Jersey credit unions to the state’s economy in 2015 was $1.8 billion, according to CUNA’s “Estimates of Credit Unions’ Economic Contributions by State” report. In 2015 there were 180 credit unions in New Jersey serving over 1 million members (tax paying working class New Jerseyan) –12% of the state’s population. Credit unions contributed 8,941 direct and indirect jobs and $455M in direct and “induced” labor income, according to the report.

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XCEL FCU Offers Leading 5-Year CD, According to Bankrate.com

BLOOMFIELD, N.J. – It appears that the Federal Reserve’s rate increase has spurred at least a few banks and credit unions to significantly boost CD rates, according to Bankrate.com.

Among the newsmakers is XCEL Federal Credit Union. XCEL’s rate sheet improvement includes a 5-year CD paying 2.50% APY, which handsomely tops the 2.27% APY available from the best-paying national bank, says Bankrate. XCEL is also offering 1.75% APY on 3-year CDs, which is enough to tie the top national bank.

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South Jersey FCU Sponsors Free Gas Giveaway

DEPTFORD TOWNSHIP, N.J. — South Jersey Federal Credit Union (SJFCU) sponsored a free gas giveaway at the Gulf Station on South Delsea Drive in Glassboro.

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Atlantic FCU Announces its First ‘Giving Tree’ this Holiday Season

KENILWORTH, N.J. – This year, Atlantic FCU has announced its first Annual Giving Tree!

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Santa Claus Spotted in Jersey City Getting Last Minute Christmas Wishes Courtesy of Liberty Savings FCU

JERSEY CITY, N.J. – It may be the busiest time of the year for Jolly Ol’ Saint Nick but, that didn’t keep him from making an appearance at Liberty Savings Federal Credit Union’s (LSFCU) Main Service Center in Jersey City, New Jersey last week. The family-focused event was hosted by the credit union as a holiday gesture for the community and fundraiser for the Kenmare School for Women and Children, also located in Hudson County. 

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North Jersey FCU Relocates Newark Branch, Adds Immigrant Friendly Services to its Menu of Financial Products

NJCFU Hosts Ribbon-Cutting Ceremony and Receives Newark Proclamation as a Juntos Avanzamos Credit Union

NEWARK, N.J. – As a newly designated Juntos Avanzamos credit union, North Jersey Federal commemorated the relocation of its Newark branch from the Rutgers University trailers (on Bergen Street) to 186 West Market Street in the upper level of the University Shopping Mall with a ribbon cutting ceremony last week.

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Visions FCU to Double HQ Size, Add Jobs

ENDWELL, N.Y. – Visions Federal Credit Union will add between 150 and 200 employees at its Endwell headquarters over the next ten years as it expands the size of its Endwell headquarters over the next two years.

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Andrews Federal Sponsors International Basketball Tournament

Andrews Federal Credit Union recently served as a sponsor for the International Basketball Tournament held on S.H.A.P.E. The event brought together 10 teams, who played in over 25 games across 6 days, for an intensely competitive tournament.

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Bridgeton High School Students Survive Their Third Reality Fair

BRIDGETON, N.J. – On Tuesday, nearly 140 students at Bridgeton High School took part in the school’s third Reality Fair.

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Deepwater Industries FCU Collecting Food to Benefit United Way

DEEPWATER, N.J. – Deepwater Industries FCU (DIFCU) is collecting non-perishable foods in a box located in their lobby to benefit its local United Way.

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Urban Promise Academy Students Experience Their First Reality Fair

CAMDEN, N.J. – Nearly 50 high school students at the Urban Promise Academy in Camden, N.J. took part in the school’s first ever Reality Fair on Tuesday, December 6th.

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Andrews Federal Credit Union Helps Build a Habitat Home

SUITLAND, MD. – Andrews Federal Credit Union partnered with Habitat for Humanity to help build a home for a family in need. Staff from Andrews Federal Credit Union’s New Jersey region volunteered their time to help with floor installation, painting, power washing, cabinet/hardware installation, and landscaping.

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Bay Atlantic FCU Celebrates 13th Year of Saturday with Santa

VINELAND, N.J. – Bay Atlantic FCU (BAFCU) celebrated its 13th year of Saturday with Santa this past weekend, a day for all ages that benefits Children’s Miracle Network at Children's Hospital of Philadelphia (CHOP).

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Support Our Local Children’s Hospitals and Drive Credit Union Awareness

Vote For Miracles asks consumers to “Help Credit Unions Donate $100,000 to Local CMN Hospitals” by inviting them to vote for their favorite CMN Hospital to win up to $50,000, thus engaging voters in the credit union difference. As a “Thank You” to credit unions for 20 years of national support, Children’s Miracle Network (CMN) Hospitals’ #VoteForMiracles promotion is designed to showcase credit unions’ support of their local communities.

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Garden Savings FCU Raises $12,500 for Children’s Specialized Hospital in 2016

PARSIPPANY, N.J. – Garden Savings FCU recently donated $5,000 to Children’s Specialized Hospital. This is in addition to the $7,500 the credit union raised for the hospital at its annual golf outing this past July, bringing the grand total of funds raised to $12,500 in 2016. The credit union raises money all year long by encouraging staff to wear jeans on Fridays in exchange for a $5 monthly contribution that goes to the charitable organization. The executive team of Garden Savings also participates and provides a $20 monthly contribution.

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Ocean County College ‘First Year Experience’ Classes Learn Lessons for Financial Success

TOMS RIVER, N.J. – The popular and growing New Jersey Credit Union Financial Reality Fair program made its fifth trip to the main campus of Ocean County College in Toms River on Friday to bring the hands-on financial literacy experience to 15 “First Year Experience” classes.

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Andrews Federal Credit Union’s Thanksgiving Food Drive a Success

Andrews Federal recently wrapped up its Thanksgiving Food Drive to benefit several local charities.

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South Jersey FCU Accepting Toy Donations for The Nemours Foundation

DEPTFORD, N.J. – South Jersey FCU and local businesses and fire departments in the Deptford, N.J. area are teaming up and accepting toy donations for The Nemours Foundation.

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Jersey Shore FCU Spreading Holiday Cheer with Gift Drive and Giant Gift Giveaway

NORTHFIELD, N.J. – Jersey Shore FCU (JSFCU) is ringing in the holiday cheer for the children of South Jersey by collecting gifts for their Starfish Angel Tree and selecting a lucky child to receive a giant teddy bear with a wagon full of toys.

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150 NJ Motorists Amazed By $3,750 in Free Gas

Credit Union Provides Free Gas in Response to NJ Gas Tax Hike

FREEHOLD, N.J. – At 6 a.m. at three secret locations last week, New Jersey motorists were stunned to be greeted by employees of First Financial Federal Credit Union where they received $25 in free gas, plus a travel coffee mug. In the wake of New Jersey’s 23-cent gas tax hike, the credit union eased the pain at the pump for 150 drivers with a total of $3,750 in free gas last week.

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Andrews Federal Donates Time and Money to Food Bank of South Jersey

Annual Fundraising Gala Generates Funds to Serve Nearly 200,000 Families in South Jersey

BURLINGTON, N.J. – Andrews Federal recently donated $2,500 to purchase meals for Viva South Jersey, the Food Bank of South Jersey’s annual fundraising gala. The event goes a long way in generating funds to serve nearly 200,000 food-insecure South Jersey families from Burlington, Camden, Gloucester and Salem Counties.

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XCEL FCU’s Allison Macey Among 40 CU Professionals to Become Certified CU Development Educators (CUDEs)

Foundation’s Transformational CU Training Held in Madison

MADISON, Wis. – Forty credit union professionals became Credit Union Development Educators (CUDEs) after being guided by dedicated program facilitators and mentors through the intensive Credit Union Development Education (DE) Training from the National Credit Union Foundation (the Foundation). The most recent DE graduating class included credit union movement representatives from across the U.S, as well as representatives from Kenya and the Philippines.The DE training was held November 2-9, 2016 at the Lowell Center in Madison, Wis.

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South Jersey FCU Contributes a $25,000 Endowment to Rowan College at Gloucester County

DEPTFORD TOWNSHIP, N.J. – South Jersey Federal Credit Union (SJFCU) contributed a $25,000 endowment to Rowan College at Gloucester County (RCGC). The endowment will be used to fund two scholarships annually over the next 10 years.

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ONE DAY ONLY: Free Gas to First 50 Motorists Courtesy of First Financial FCU

Nov. 15 Giveaway in Freehold Begins at 6 a.m.

FREEHOLD, N.J. – For one day only, November 15, starting at 6 a.m., the first 50 New Jersey motorists to visit the Exxon station at 639 U.S. 9 North and the corner of Strickland Rd, Freehold, N.J. will receive up to $25 in free gas.

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