Business Products

People, Products and Services to Keep Your Business Growing

Planning for the financial future of your business has never been easier. With a variety of products from NJFCU, saving for the future is easy and profitable. Each of these deposit accounts pays a high yield to your business. Members' deposits are federally insured by the National Credit Union Administration (NCUA - a division of the federal government) for a total of $250,000 - ensuring 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.

Business Share Draft Account (Checking)

A North Jersey Federal Credit Union Business Share Draft Account (Checking) offers many money-saving benefits not available from other financial institutions. It is the share draft (Checking) account you will want to use to manage your business finances on a daily basis.

  • With an average daily balance of $1,000, you will earn monthly dividends*
  • No deposit fee
  • No item fee
  • Overdraft protection is available
  • FREE Home Banking
  • FREE Bill Pay
  • FREE Monthly servicing

*  A $15.00 monthly service fee charge will be applied and no monthly dividend if average daily balance falls below minimum.

To learn more about opening a business checking account please e-mail us at info@njfcu.org

Business Share Draft Non For Profit Account (Checking)

North Jersey Federal Credit Union is proud to introduce its first ever business account for non for profit businesses.  From one non for profit to another you will be able to take advantage of all the basic checking account needs that we have to offer.

  • With an average daily balance of $500, you will earn monthly dividends*
  • No deposit fee
  • No item fee
  • Overdraft protection is available
  • FREE Home Banking
  • FREE Bill Pay
  • FREE Monthly servicing

*  A $12.00 monthly service fee charge will be applied and no monthly dividend if average daily balance falls below minimum.

To learn more about opening a business checking account please e-mail us at info@njfcu.org

Business Share Savings Account

The initial account you open when you become a member of NJFCU. This is an excellent account to use for establishing a regular pattern of saving. Getting started requires only $50 to open the account.

Business Money Market Account

Invest in a Business Money Market Account and enjoy the winning combination of high yields and easy account access.

  • $2,500 to earn dividends
  • Tiered rates
  • Limited number of withdrawals
  • $15 fee if average daily balance falls below $2,500

Business Ultimate Money Market Account

  • $25,000 balance is required to earn dividends
  • Limited number of withdrawals
  • Tiered rates
  • $35 fee if average daily balance falls below $25,000

Member Business Loans

Line of credit - 

When you need immediate cash flow, an NJFCU Line of Credit is the ideal short-term solution. Establish a Line of Credit today so that you will have the capital available tomorrow to use for seasonal variations in cash flow, inventory purchases, increased operating costs or other working capital needs.

Term - When you want to grow sales volume, revenue, product lines, or relationships, NJFCU offers fixed or variable-rate loans for asset purchases like equipment or leasehold improvements. Extended terms available for the purchase of more substantial capital assets. A member business loan will include any loan or line of credit (including any unfunded commitments) where the borrower uses the proceeds for the following purposes:

  • Commercial
  • Corporate
  • Other business investment property or venture

Real estate - NJFCU offers fixed or variable rate loans for the purchase or refinance of commercial and office condominiums. A great location with a good rate makes a winning combination!

Click here to download our Member Business Loan Application. Please mail in completed application to: 

NJFCU
Attn: Loan Department
711 Union Boulevard
Totowa, NJ 07512