North Jersey FCU Blog

On the surface, a credit union and a bank may seem like they’re equivalents. Although both financial institutions share some similarities, there are fundamental differences between the two that can make credit unions a more attractive option. Unlike banks, credit...

You race down stark black pavement that’s drenched in a fresh coat of glossy rain. But that’s not all that glistens—your new car shimmers as you squeal around corners, swerve past neon-vested crossing guards, and come to a clean stop just as the final school bell...

Whether you’re jet-setting to Fiji in search of azure ocean adventures or trekking to a mountain resort, an annual summer vacation can provide you and your family with some much-needed relaxation.   To experience your summer vacation to its fullest, it’s...

Most Americans believe that car ownership is mandatory. It ensures a comfortable lifestyle; lets you hold onto your job and assures freedom from public vehicles. The New Jersey Motor Vehicle Commission requires you to title and register the vehicle in NJ by sending a...

Credit unions are community-based financial institutions. They are known for customized assistance, simple qualification standards and better savings. No wonder the market size of the credit union industry in the US has grown 5.2% per year on average between...

People had earlier associated banks with trustworthiness, longevity, and stability in the financial world. However, with the shake-down of the financial markets and the collapse of many financial institutions a few years ago, they have started questioning this...

A credit union is a break from stringent bank formalities. The best one offers low rates on loans with flexible qualification standards. It has a powerful community presence and is often defined as a ‘cooperative financial institution’. No wonder then that the total...

As of 2021, as many as 6,293 credit unions are operational in the US. The annualized business growth of these financial institutions has been at a CAGR of 2.7% from 2016 to 2021. This was possible because more and more people joined these establishments. In fact, the...

Without flexibility, a bank springs to mind when you think of savings accounts. But you can also consider a credit union for this purpose. Both institutions have similar offerings, although with distinct sets of features. Yet unique advantages make a credit union more...

Even before the pandemic prompted people to buy a wide variety of products online, the car-buying experience was undergoing an evolution. Studies have found the number of dealerships buyers went to before making a purchase has dropped for several consecutive years,...