North Jersey FCU Blog

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,...

The fat, bulky wallets that your mom and dad crammed into their purse and pocket are more and more,  being replaced by digital wallets.   The roster of digital wallet apps continues to grow, and includes (but is not limited to) Venmo, Apple Pay, Google Pay,...

Credit unions are not-for-profit financial cooperatives. The best ones offer loans, checking accounts and credit cards, much like traditional banks. But they charge lower fees and interest. This is because these institutions work to promote the well-being of their...

If you’re like most Americans, as soon as you see ads announcing Memorial Day sales events, you start thinking summer. Summer means flip-flops and sandy beaches, sunscreen and baseball, fireworks and ice cream — and vacations! You are ready to getaway this summer, and...

You may have heard inflation has been rising in recent months as the economy rebounds from the effects of the COVID-19 pandemic. Should you be worried? The answer is an unequivocal yes, no, or maybe! Seriously, inflation is always a concern for economists, because if...