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.

Most recently, Frank lead the Board’s decision and boosted the staff’s efforts to acquire and renovate the building, located on 444 Boulevard, which is now home to NJFCU’s Elmwood Park branch. The new Elmwood branch has replaced the former Garwood, NJ location on Morris Avenue.  

A festive ribbon cutting is a proud moment for North Jersey Federal Credit Union and all those who worked to open the branch Borough of Elmwood Park, NJ.

In the last few months, North Jersey Federal was busy retrofitting the building, which includes a drive thru window, and several indoor offices and clerical stations. In attendance at the naming ceremony were Elmwood Park Mayor Robert Colletti, Freeholder and Chairwoman for the County of Bergen Tracy S. Zur, and Freeholder, Germaine M. Ortiz. Zur presented North Jersey Federal with a proclamation on behalf of Bergen County.

“Frank always pushed us to do better and offer services to underserved communities in North Jersey. He believed in inclusion and offering banking services to some of our most vulnerable residents who often fall prey to predator financial institutions. He touched so many lives and was a true friend who did so much for us, the credit union,” said NJFCU President/CEO Lourdes Cortez. His ceaseless energy as chairman definitely contributed to NJFCU’s commitment to excellence.

True to its mission of people helping people, and yet another initiative Frank and his fellow board members were dedicated to, North Jersey Federal was recently designated as a Juntos Avanzamos credit union which acknowledges its diligence in serving immigrant populations. In December 2016, North Jersey Federal was officially appointed as the first credit union in New Jersey to earn this prestigious designation, certifying that NJFCU maintains the institutional capacity and commitment to serve Latinos and immigrants by offering flexible, and legally viable, identification options to open accounts and meet loan underwriting criteria. These options make it easier for immigrants to gain access to responsible financial services and asset building lending products.

The opening of this latest branch means it can extend immigrant-friendly products and services as well as its traditional low-cost banking services such as savings, checking, on-line banking, mortgages and car loans, and more, to the North Jersey community.

Click to view more photos from the commemoration.

in Credit Union News