About Our CEO
President & CEO
North Jersey Federal Credit Union
Lourdes Cortez began her professional banking career in 1984, at North Jersey Federal Credit Union (North Jersey FCU) as a representative and progressed through positions of increasing responsibility before becoming President and CEO in 2005.
In the past 10 years, North Jersey FCU’s assets have steadily grown from $161 million to $233 million, which is attributed to an emphasis on increasing commercial accounts that have grown from 15% to 32% over the last 5 years.
As the first Latina CEO of a major credit union in NJ, Ms. Cortez’s stewardship and commitment to serving a diverse community have both contributed to North Jersey FCU’s growth. North Jersey FCU is cited as the first financial institution in NJ to offer Islamic banking and one of the first of its kind to launch bilingual websites. Mrs. Cortez has also instituted a gay-friendly environment providing benefits to its employees and their partners long before equal rights campaigns became popular in NJ.
As President and CEO, Ms. Cortez is credited with furthering the credit union’s community involvement with an initiative called Operation Share & Care that later evolved into the North Jersey Federal Credit Union Foundation. Also part of her portfolio is the local launch of the Juntos Avanzamos initiative, the first credit union in New Jersey to offer lending options and credit cards to ITIN holders. Ms. Cortez also worked diligently to have North Jersey FCU become a member of CDFI (Community Development Financial Institution Fund) which helps generate economic growth and opportunity within the local community.
Ms. Cortez received the 2015 “Hope Saves the Day Award” for her efforts in supporting autism causes, the 2015 Brava Awards from SmartCEO and the 2015 CIANJ/Commerce Magazine Best Practices Award. NJ Biz magazine named her one of the Best 50 Women in Business in NJ, she received the 2014 Woman of Influence award from the Commerce and Industry Association of New Jersey, and is a 2014 honoree with the Hispanic Business Council Scholarship Foundation of NJ.
Ms. Cortez is also an active member of the Board of Trustees at William Paterson University in Wayne, NJ and the Chair of the Board of Directors for the Boys & Girls Club of Paterson/Passaic.
AWARDS AND HONORS
- Honored by: NJ Biz magazine, as one of the Best 50 Women in Business in NJ
- Honored by: the School of Business Technology, Marketing and Finance, for Outstanding Dedication & Support
- The 2009 Women of Vision Award from William Paterson University
- North Jersey Regional Chamber of Commerce 2010 Star Award in Business
- The 2010 Salute to the Policy Makers Award from Executive Women of NJ
- The 2012 Women of Achievement Award from the Girl Scouts of Northern NJ
- The 2014 Woman of Influence Award from the Commerce and Industry Association of New Jersey
- A 2014 Honoree with the Hispanic Business Council Scholarship Foundation of NJ.
- The 2015 “Hope Saves the Day Award” for her efforts in the autistic community
- The 2015 Brava Awards from SmartCEO
- The 2015 CIANJ/Commerce Magazine Best Practices Awards
- The 2016 Corporate Culture Award from SmartCEO
- The 2016 Illustrious Award from the Institute for Latino Studies
- The 2016 Team Hope Community Service Award
- The 2016 Friend of Education Awards from the Passaic County Education Association
BOARD MEMBERSHIPS AND COMMUNITY SERVICE
- Recently appointed to the St. Joseph’s Healthcare System Advisory Board
- Appointed by the Federal Reserve to serve on the Community Depository Institutions Advisory Council (CDIAC)
- Serves on the Board of Trustees of William Paterson University in Wayne, NJ
- Serves as the Chairperson of the Board of Directors for The Boys & Girls Club of Paterson
- On the Board of the Workforce Development Board of Passaic County
- Serves on the Board for Executive Women of New Jersey
- Serves on the Steering Committee for Paterson Public Schools
- Served on the Board of Trustees for the Passaic County United Way
- Served on the Board of the North Jersey Regional Chamber of Commerce