Financial Resources Federal Credit Union


Overview / Commentary
908-253-6441
520 US Highway 22 East
Bridgewater, NJ 08807

Financial Resources Federal Credit Union is headquartered in Branchburg and is the 3rd largest credit union in the state of New Jersey. It is also the 670th largest credit union in the nation. It was established in 1950 and as of March of 2025, it had grown to 95 employees and 29,239 members at 10 locations. Financial Resources Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Financial Resources Federal Credit Union is open to anyone through joining the American Consumer Council. Membership is also open to those who live, work, attend school or worship in Flemington Borough or the Greater New Brunswick area in New Jersey and to employees of Franklin Township and over 100 area Select Employer Groups. Family members of an existing Financial Resources member also qualify for membership.
See current membership details

Reviews (3)

13 Month CD Special - Opening Issues

ACH transfers initiated from FRFCU are limited to $100,000 so if you plan to fund a CD in excess of this amount best that you do so from your External Bank account.
A Regular Savings account requires $10 minimum opening which can be funded via credit/debit card for new customers. Funding a 13 Month CD Special (5.64% APY as of today 1-31-2024) is cumbersome. Even when logged into your online account their system limits you to $10,000 maximum funding (but their system doesn't tell you this) so if you wish to open a CD in excess of $10,000 you first have to transfer the 10k AND you have to call them and they transfer the rest while you are on the phone but the transfer to fund the CD doesn't show up immediately- taking up to 2 hours for their system to update. Their online banking system requires you to delete "$" AND the comma (,) when keying in the dollar amount you wish to fund. For instance $10,000.00 must be entered as 10000.00 or it will simply reset with you pondering what to do. I gave up trying to figure out that there was a limit and how I was "expected" to key in the number. Pretty amateur online portal. Their staff are cordial and helpful which I appreciate but their digital platform is rudimentary, cumbersome and a pain. In this day and age these are not just inconveniences- they are totally unacceptable.

Hellllloooo?? Anyone There?? Yoo Hoo!

Now I see a Health rating of C - I would not have applied if I knew that. They asked for all kinds of personal & financial info to apply, then nothing. It's been weeks. Not even an acknowledgement. I called and was told to wait longer--really? Well, if my identity is stolen, Financial Resources CU is the first place I'll hunt down. Whatever their procedures are, they are ineffective and inefficient. Luckily I had not given them any money yet.

A Low Cost Financial Organization

Financial Resources Federal Credit Union is a low cost financial organization.



Health

Health Grade Components

Overall
NCUA #6665
Year Chartered1950
Employees95
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD3.12%
Annual Interest Income$8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$608.8MM$657MM
LoansQ1 2025vs Q1 2024$487MM$493.2MM
DepositsQ1 2025vs Q1 2024$544.8MM$549.6MM
Equity CapitalQ1 2025vs Q1 2024$48.9MM$45.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$7.2MM$8.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$7.8MM$10.3MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Financial Resources Federal Credit Union are currently being reviewed.

Locations


Cities: Branchburg, Elizabeth, Flemington, Green Brook, Hillsborough, Jersey City, New Brunswick, Skillman, Somerset, Titusville

Branchburg Branches
Corporate Office3040 US Highway 22 Bldg 2Branchburg, NJ 08876-3594

Elizabeth Branches
Branch Office10-12 S Broad StElizabeth, NJ 07202-3401

Flemington Branches
Branch Office67 Church StFlemington, NJ 08822

Green Brook Branches
Branch Office263 Route 22Green Brook, NJ 08812

Hillsborough Branches
Branch Office1 New Amwell RdHillsborough, NJ 08844

Jersey City Branches
Branch Office525 Washington Blvd Suite IJersey City, NJ 07310

New Brunswick Branches
Branch Office1 Johnson and Johnson PlzNew Brunswick, NJ 08901

Skillman Branches
Branch Office199 Grandview RdSkillman, NJ 08558

Somerset Branches
Branch Office780 Easton AveSomerset, NJ 08873

Titusville Branches
Branch Office1125 Bear Tavern RdTitusville, NJ 08560

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