First Jersey Credit Union


First Jersey Credit Union was a federally insured, state chartered, 102 million dollar, 7,606 member, natural person, credit union operating from two branches in Passaic County, New Jersey. It was involuntarily liquidated by the NCUA on February 28th, 2018. USALLIANCE Federal Credit Union absorbed the majority of FJCU.

History

First Jersey was originally chartered in 1929. The credit union converted from a multi-SEG credit union to a community credit union on 18 April 2005.
First Jersey Credit Union Board members received media attention in 2009 over allegations by a former CEO of violations of the travel expense policy.

Membership

Anyone who lives, works, worships or attends school in Passaic county, New Jersey is eligible for membership. Family members of current members are also eligible to join.

Services

First Jersey Credit Union offers these services:
Three High School seniors that are members of First Jersey Credit Union are awarded $1,000 scholarships to the college of their choice. The credit union also submits applications to the NJ Credit Union League for a shot at an additional $1,000 scholarship.

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