North Jersey FCU Blog

  When it comes to leveraging the equity in your home for financial needs, two popular options often come to mind: Home Equity Loans and Home Equity Lines of Credit (HELOCs). Both options allow homeowners to access the equity they've built up in their homes, but...

Home renovations can significantly enhance the value, comfort, and functionality of your home. Whether you're looking to upgrade your kitchen, add a new bathroom, or create a more energy-efficient living space, funding these improvements can be a major consideration....

  Debt consolidation is a strategic approach to managing debt that involves combining multiple debts into a single payment, typically at a lower interest rate. This method can simplify your financial life, reduce your monthly payments, and shorten the time it...

  When it comes to saving money, where you choose to keep your funds can make a big difference in how much you grow your savings over time. Credit unions, like banks, offer a variety of financial services but often with a more personalized touch. In this article,...

Responsibly managing your first credit card is pivotal for laying a robust financial groundwork. An exemplary credit score unlocks myriad opportunities, such as favorable loan and mortgage rates, elevated credit limits, and smoother approvals for rentals. Conversely,...

Choosing the right credit card is a significant financial decision that can impact your credit score, your spending habits, and your financial health overall. With countless options available, each with its unique benefits and drawbacks, navigating the maze of credit...

  Home equity loans are used to strengthen long-term financial prospects. Depending on your goals and values, this could translate to a vacation villa or nurturing a nest egg—anything, according to experts, other than funding basic living expenses or throwaway...

  Early in a new year is the perfect time to get your finances up to speed. Whether you’re starting from a mountain or a molehill, you can boost your family’s security and wealth by setting up and following healthy personal finance practices.  Build Strong Budget...

In the fourth quarter of 2022, credit unions won the market share of all automotive loans and leases—more than banks and dealerships combined.1 This statistic shouldn’t come as surprising. After all, credit unions are known for low interest rates on loans in general....

If you’re applying for a loan or credit card, your credit score is typically the most important factor that lenders review. Lending money requires a gamble on the borrower, and lenders need to find a way to predict how likely they are to repay the loan.   Credit...