Blue Foundry Bank
At Boiling Springs Savings Bank, they believe that true community banking means providing their customers with the best solutions to their financial needs through superior personal and professional service provided by a staff of dedicated people. It also means being a part of the community. They strive to support their communities by making a positive impact on the organizations and neighborhoods within their market.
Joe Bubba, Jr
Anna Raimato was very knowledgeable and helpful at the Lincoln Park Branch.
Bergen County American Dream Program
We are first time homebuyers, and I must say that my family and I couldn’t be happier with the way things are proceeding. I enrolled in the Bergen County American Dream Program, where they help you purchase your first home. The program guides and assists you, in many aspects (Educationally & Financially).
Blue Foundry Bank (Rutherford, NJ) is also part of the American Dream program, where they also guide and assist you, every step of the way! The staff at Blue Foundry Bank (Linda Fisher, Joseph Valenti, and James Kim) have gone above and beyond by demonstrating their commitment and hard-work ethic to make my family and I feel confident and comfortable throughout the process. We are Grateful for The Bergen County American Dream Program, and want to encourage any and everyone who might be able to qualify.
FALSE 6% CD- BLENDED LOWER RATE NOT SHOWN.
If you put $100,000.00 into this FALSE 6% CD. You will NEVER EARN TRUE & REAL 6% on your whole INVESTMENT. WHY??
Because Access Checking where Blue Foundry FORCES you to put 12.5% in the checking account.Therefore you will NEVER Earn 6% in your whole investment of 100K.
This crocked trick is meant to catch the false high interest rate.
There is something called TRUTH IN ADVERTISING, where a TRUE LOWER BLENDED RATE has to be mentioned very clearly mentioned in the OPEN eg 5.25%. If Blue Foundry's TRUE Intentions are to prove to SENIOR CITIZENS that they are truly TRUST WORTHY, This con game is NOT allowed in the BOND buying Market. Where Money is involved the Ad Must show the lower Blended rate in the OPEN, so we can trust Blue foundry with our money.
Terrific Service
At the Union Avenue Rutherford branch, Branch Manager Michael Fox is a great credit to this bank...He helped me navigate my situation at a very difficult time, and couldn't have been more helpful or caring...Everyone in the branch that I deal with is friendly, knowledgeable and caring...What 'Community Banking' should be about..Highly recommended!
Update On Poor Review
I've had an IRA with this bank since I was a kid, perhaps 45 years now. I've had approximately $150 in the account for years, asking to close the account numerous times because, why have $150 in an account?
A nice woman called and said that since it's been so long and that I don't have a passbook, they are charging me $10 for the lost passbook, and $50 to close the account, the 'normal' procedure.
Edit: After my poor review The bank manager called this morning and waived all fees, hence I've upgraded my review. Always ask about fees. I've never had a bank charge this much to close an account. Most don't charge a fee, some $30, but $60 on a $150 account is crazy. Their teller should have known this was wildly unfair and should have routed me to the manager to work it out.
Exorbitant Fee To Close An IRA CD1
I had a 3-yr. IRA CD which was maturing. I came upon the reviews about charging $50 to close an IRA CD. Over the years I have transferred many, many IRA accounts in order to obtain the best rates.
I went home and carefully read my June 2019 Agreement and nowhere was there anything about a fee to close an IRA CD.
The next morning I contacted the bank's customer service and explained the situation and felt that I should be "grandfathered" since a fee was instituted way after I opened the account in 2019.
Later that day I received a call from the Asst. Manager stating that the fee would not be waived.
I'm putting this out there so that others will not be held hostage as I feel I was.
Do Not Bank Here
do not bank here I closed an IRA and they charge a fifty dollar fee to close an account no way does it cost fifty dollars to close any account will never recommend bank to anyone who ask me
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30052 |
| Year Established | 1939 |
| Employees | 185 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.47% |
| Return on Equity - YTD | -3.5% |
| Annual Interest Income | $63.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $2.05B$2.06B |
| Loans | Q3 2024vs Q3 2023 | $1.54B$1.56B |
| Deposits | Q3 2024vs Q3 2023 | $1.37B$1.33B |
| Equity Capital | Q3 2024vs Q3 2023 | $272.5MM$271.6MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $13MM$13.9MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $5.1MM$6.4MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$593K |
