Credit Union Of New Jersey is headquartered in Ewing and is the 5th largest credit union in the state of New Jersey. It is also the 773rd largest credit union in the nation. It was established in 1943 and as of December of 2024, it had grown to 71 employees and 37,809 members at 4 locations. Credit Union Of New Jersey has a B+ health rating.
Field of Membership Restrictions
Membership in Credit Union of New Jersey is open to anyone (regardless of residency or employment status) by joining either the Ewing Public Educational Foundation or Credit Union of New Jersey Foundation. Membership is also open to the folloiwng: (1) employees and retirees (and their families) of the State of New Jersey; (2) employees of a New Jersey state agency, commission, or authority; or any of 200+ SEGs; (3) those who live, work, worship, or attend school in Ewing Township or live in parts of Trenton and Burlington County.
See current membership details
Avoid This CU. Don't Fall For The High Rate.
They did a hard pull on my credit with no warning on the application and then denied my account opening. I had two phone calls with them, and it went nowhere.
Please carefully read the reviews here. Don't waste your time with this CU. The website looks nice and everything else about them is awful.
Cannot Open On-Line
Some people can open an account on-line but others (myself) cannot. No reason given!
Hard Credit Inquiry For Bank Account & 5% On $500 May Need To Be 2.5% On $1K
Like most banks, they disclose that they will pull your credit. What wasn't clear to me was that this bank does a hard credit inquiry, not a soft one.
Also if you're opening the account for the 5% on $500, the monthly fees can destroy any profits so that you're negative monthly unless you deposit $1k or more or jump through some other hoops that aren't worth it in my opinion.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24927 |
| Year Chartered | 1943 |
| Employees | 71 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 5.63% |
| Annual Interest Income | $24.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $464.8MM$437.9MM |
| Loans | Q4 2024vs Q4 2023 | $392.1MM$350.8MM |
| Deposits | Q4 2024vs Q4 2023 | $403.2MM$358.4MM |
| Equity Capital | Q4 2024vs Q4 2023 | $31.2MM$29.1MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $3MM$3.3MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $3.7MM$4.6MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |