Credit Union Of New Jersey

Overview / Commentary
1301 Parkway Ave
Ewing, NJ 08628

Credit Union Of New Jersey is headquartered in Ewing and is the 7th largest credit union in the state of New Jersey. It is also the 793rd largest credit union in the nation. It was established in 1943 and as of March of 2024, it had grown to 78 employees and 36,441 members at 5 locations. Credit Union Of New Jersey's savings rates are 10X the national average, and it 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

Reviews (8)

Missing the personal touch

Posted by: |

What I miss most about being a long time customer at my bank is personal attention. I have been a member at the credit union since 2004 and it's irksome that I still have to present my ID every time I have a transaction. I do understand that there are precautions that must be taken in regards to theft identity, but after over a decade I feel like it would be nice to not have to do this every single time I go to the bank. Then to be told that I can't access my money regardless, even though they know me ... it's impersonal now.

Holder Beware

Posted by: |

I open two account here for the rates. Like I do with all of my accounts, I deposit some money and I withdraw some money monthly. Never checking the statement, because ever month is the same like clock work. A few months after opening the accounts with the max required for the special rate, the changed the terms. Thet withdrew $10 every month for months because of low balance. I asked to closed the account and that took about a week and a half. Lessons learned. Not going to say stay away but be careful.

Avoid This CU. Don't Fall For The High Rate.

Posted by: |

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

Posted by: |

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.

The Most Unprofessional Bank Ever

Posted by: |

This bank has the most unprofessional and incompetent staff. They've lied on numerous occasions, was not accountable for stole funds. More recently, my debit card replacement took and I kid you not...almost an entire month. The President never responded to a written letter and his management staff are just as incompetent. I had to open a backup account and will be transferring immediately over to my new credit union. Think twice! They only get the one star because there is no zero star option.

Inactivity Fee--$10

Posted by: |

I opened a savings account anticipating getting a share certificate soon afterwards. I got sick and couldn't follow through. My second quarterly statement was assessed a $1 paper statement fee and a $10 inactivity fee. I called to close the account, but couldn't. The call center doesn't accept those requests. I needed to be called by a "specialist in a day or two." A specialist called the same day and demanded I mail a formal cancellation letter. Good going, CUNJ. Stealing money from an ailing senior citizen. After all, "rules are rules."

Hidden Fees

Posted by: |

I opened this account for a pre approved car loan.  Was told only needed $100 balance.  After the dealer gave me a better interest rate I declined the loan.  Should have told me then that I would be charged $5 per month.  They didn't.  I didn't realize until my $100 shrunk to $75.  Crooks!


Health Grade Components

NCUA #24927
Year Chartered1943
Primary Regulator
Profit Margin
Return on Assets - YTD-0.26%
Return on Equity - YTD-4.09%
Annual Interest Income$5.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$442.2MM$430.2MM
LoansQ1 2024vs Q1 2023$356.6MM$335.3MM
DepositsQ1 2024vs Q1 2023$366.4MM$384.9MM
Equity CapitalQ1 2024vs Q1 2023$28.3MM$27.8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.5MM$3.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.9MM$4.2MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not Credit Union Of New Jersey; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Credit Union Of New Jersey Savings Account Rates

5.00%*$0$500High Rate Share Savings Account
OTHER TIERS: 0.04% $500 - $10k | 0.05% $10k - $250k
4.00%*$0$50kKasasa Saver
OTHER TIERS: 0.75% $50k - $150k
0.20%$200-IRA Share Accounts
0.15%*$10k*-Regular Share Account
OTHER TIERS: 0.10% $0 - $10k
0.15%*$10k*-Business Share Accounts
OTHER TIERS: 0.10% $0 - $10k
0.10%$0-Holiday Club
0.10%$0-Vacation Club
0.10%$0-Summer Savings Club
0.10%$0-Young Savers Club

Credit Union Of New Jersey Money Market Rates

0.45%*$500k*-Business Elite Money Market
OTHER TIERS: 0.35% $50k - $250k | 0.40% $250k - $500k
0.40%*$250k*-Elite Money Market
OTHER TIERS: 0.35% $50k - $250k
0.30%$25k-Premier Money Market
0.30%$25k-Premier Business Money Market
0.25%*$10k*-Tiered Money Market
OTHER TIERS: 0.20% $1k - $10k

Credit Union Of New Jersey Checking Account Rates

6.00%*$0$25kKasasa Cash Checking
OTHER TIERS: 0.75% $25k+
0.10%$0-Senior Checking Accounts
0.10%$1k-Better Business Checking

Credit Union Of New Jersey CD Rates

5.25%$500$500k17 Month CD Special - New Money
5.25%$500$500kBusiness 17 Month CD Special - New Money
5.00%$500$500k13 Month CD Special - New Money
5.00%$500$500kBusiness 13 Month CD Special - New Money
4.50%$500$500k7 Month CD Special - New Money
4.50%$500$500kBusiness 7 Month CD Special - New Money
0.65%$500-Business 5 Year CD
0.65%$500-60 Month CD
0.55%$500-Business 4 Year CD
0.55%$500-48 Month CD
0.50%$500-Business 3 Year CD
0.50%$500-36 Month CD
0.45%$500-Business 2 Year CD
0.45%$500-24 Month CD
0.40%$500-Business 18 Month CD
0.40%$500-18 Month CD
0.35%$500-Business 1 Year CD
0.35%$500-12 Month CD
0.30%$500-Business 6 Month CD
0.30%$500-6 Month CD
0.25%$500-Business 3 Month CD
0.25%$500-3 Month CD

Credit Union Of New Jersey IRA Rates

5.25%$500$500k17 Month IRA Special - New Money
5.00%$500$500k13 Month IRA Special - New Money
4.50%$500$500k7 Month IRA Special - New Money
0.65%$500-60 Month IRA
0.55%$500-48 Month IRA
0.50%$500-36 Month IRA
0.45%$500-24 Month IRA
0.40%$500-18 Month IRA
0.35%$500-12 Month IRA

Credit Union Of New Jersey Locations
Branch OfficeRosedale RdPrinceton, NJ 08541-0001
Branch Office12 E Lafayette StTrenton, NJ 08608
Branch Office1035 Parkway AveEwing, NJ 08618-2309
Branch Office1301 Parkway AveEwing, NJ 08628
Branch Office691 US Highway 130 Suite AHamilton, NJ 08691

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