Featured Savings Rates
Featured Accounts

Liberty Savings Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.65%5-year CD60 Month CD
1.30%4-year CD48 Month CD
2.05%6+ Year CD72 Month CD

Overview / Commentary
201-659-3900
660 Newark Ave
Jersey City, NJ 07306-2379

Liberty Savings Federal Credit Union is headquartered in Jersey City and is the 31st largest credit union in the state of New Jersey. It is also the 1,709th largest credit union in the nation. It was established in 1951 and as of March of 2016, it had grown to 37 employees and 21,758 members at 3 locations. Liberty Savings Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in Hudson County, New Jersey; as well as members a select group of organizations.
See current membership details

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Reviews (8)

Greatful Customer

Posted by: danaj518 | Nov 8, 2012

I have been a member of this credit union for 5 years. This credit union has helped me rebuild my credit & pay down a load of debt when no one else would. I would give them 5 stars except for the fact that I haven't been able to access my account online since Hurricane Sandy hit.

Online Rates Are Not Accurate

I went into Liberty (Union City branch) to open up a 6 year CD on Feb 15, 2012 since the advertised rate was 2.85%, with an additional 0.1% if you invest $50,000 or more, and their surrender charge is only 3 months simple interest. You can also get another 0.15% if you have a checking account and qualify for silver status (combined assets of 10K). You can get another 0.05% or 0.1% if you have direct deposit and open up a credit card, which I didn't want.

I called on Friday Feb 10 to make sure that the rates were the same as the web site, because their web site states that the rates were effective as of last June, and I figured that the online rates were stale. The customer service rep confirmed the rates.

Unfortunately, when I arrived at the bank the posts rates were significantly lower: 2.1% for the 6 year CD. I still opened up the account with 50K and opened up a checking account with $25 to get the rate up to 2.35%, which is still good considering the low surrender fees- if you hold the CD for 1 year you still earn 1.77% after subtracting the surrender charge.

Regarding the previous posts- service was quite slow- there were two accounts reps at the branch, but both were chatting on the phone for 15 minutes before seeing me. The agent was quite nice however, but I can see them being low tech.

As for the 2 IDs, their membership application specifically states one form of ID if it is a driver's license; for some other IDs, including a passport, it states you need to prove your address with another ID, which makes sense since one of the ways to join the credit union is to be a resident of Hudson county. I opened with a passport but I had my utility bill with me and it was fine. After you join any family member can join through the mail.

If you live in Northern NJ the CD rates are competitive- but don't open anything less than the 5 year since even with the surrenders you will earn more than any of the lower term CDs.

Hope that helps

 

Mrs. Unsatisfied

I have been A member well over 8 years I have always been pleased with Liberty service. Until oneday I was disrespected by The manager Angelina who works out of the Greenville location until January 1, 2016. Mrs. A is bias & she discriminates if your not a Hispanic male you will not be serviced even if your on the list, she will skip you. How did Mrs. A become a manager? Who knows she is incompetent, she had limited knowledge of the loan process. Mrs. A arrives to work late and leaves early, she is arrogant rude & has a very nasty disposition. I am unhappy with how I was treated and I'm considering closing my accounts and joining another credit union.
I made complaints through the proper channels and no action had been taking.

Irresponsible Bank, Unprofessional Employees

Posted by: crlssoler1 | Feb 5, 2015

Two months ago my wallet was stolen and I became a victim of identity theft. I immediately reported fraudulent activity on My checking account to Liberty Savings Credit Union. Not only was the money that was stolen from my account never reimburse, but the person in charge of this problem ignored all my e mails, phone calls and messages regarding this very unfortunate matter. (person in charge of the problem, a LADY BY THE NAME OF BETH CHISOLM). Banking Institutions such as, PNC BANK, BARCLAYS BANK, CHASE BANK AND CAPITAL ONE, not only took care of all the fraudulent charges made on my accounts, but they had a new Credit or Debit Card in my mailbox within 48 hrs. If you're looking for a Banking Institution that's responsible and has good customer service, please do yourself a favor and stay miles away from this bank. Sincerely, Truly Yours, Carlos A Soler

STAY AWAY! Go To Big Name Bank.

Posted by: jgarcia | Nov 19, 2011

they have horrible customer service and no telephone support. 

they screwed up my account number on my checks twcie.  (the teller manually inputs informtion on order form)

I had two checks bounce as a result 

 

STAY AWAY

Bad Service And Old System

Posted by: Fidel | Nov 3, 2012

The worst service and attitude! They ask you to call the accounts manager, but she never returns phone calls. 

To make matters worst, I have not been able to access my account, electronically or by phone, since the hurricane. I don't know if my business charges are being accrued to my account or any number of things one does with on line banking! I think they would benefit from joining the rest of us, in the 21st century. 

Terrible Customer Service

Posted by: robear | Oct 7, 2011

Today I went to Liberty Savings Federal Credit Union office at 666 Newark Avenue to become a member.  Their requirement to sign-up is to have ONE form of ID with you (stated on their site) but at their location a receptionist and a not so nice and unprofessional "Manager" tell that I also need either a New Jersey Driver's License or a Utility bill in my name inorder to join.  This is not stated on their site, only one proof of ID was needed which I had ( US Passport ) but these people insisted a passport was NOT enough.  I also stated that I had an account with Bank Of America at Journal Square in Jersey City, still not good enough for them.  This manager never introduced herself to me nor showed some sort of personality or some sense of customer service.  I called their customer service center to voiced my displeasure and spoke to a service center person who said she could do nothing for me other than to refer me to a "Manager".  So I was switched to her line and SURPRISE, she was not in, so I left a message for her to call me back.  That was at 1:47 pm today and it is now 4:51  pm and no one has returned my call.  So we have a very upset customer and no one at Liberty Savings Federal Credit Union - CARES !!!!

Rate Dropped

Posted by: Anonymous | Dec 21, 2011

Their rates dropped dramatically on Dec 14.



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Liberty Savings Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #7184
Year Chartered1951
Employees37
Primary Regulator
Profit Margin
Return on Assets - YTD-0.1%
Return on Equity - YTD-0.88%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$87.6MM$82.3MM
LoansQ1 2016vs Q1 2015$57.7MM$62.2MM
DepositsQ1 2016vs Q1 2015$77.1MM$72.0MM
Equity CapitalQ1 2016vs Q1 2015$9.6MM$9.5MM
Loan Loss AllowanceQ1 2016vs Q1 2015$2.8MM$2.1MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$2.3MM$2.9MM
Real Estate OwnedQ1 2016vs Q1 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Liberty Savings Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$501-Savings Account
0.10%$200-Holiday Club
0.10%$200-Vacation Club
0.10%$500-IRA Savings
0.10%--HSA Account

Liberty Savings Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Money Market Account
OTHER TIERS: 0.40% $2,500 - $10k | 0.45% $10k - $50k

Liberty Savings Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*$5k*-72 Month CD
OTHER TIERS: 1.95% $500 - $5k
1.85%*$5k*-66 Month CD
OTHER TIERS: 1.75% $500 - $5k
1.65%*$5k*-60 Month CD
OTHER TIERS: 1.55% $500 - $5k
1.48%*$5k*-54 Month CD
OTHER TIERS: 1.38% $500 - $5k
1.30%*$5k*-48 Month CD
OTHER TIERS: 1.20% $500 - $5k
1.27%*$5k*-42 Month CD
OTHER TIERS: 1.18% $500 - $5k
1.25%*$5k*-36 Month CD
OTHER TIERS: 1.15% $500 - $5k
1.23%*$5k*-30 Month CD
OTHER TIERS: 1.13% $500 - $5k
1.20%*$5k*-24 Month CD
OTHER TIERS: 1.10% $500 - $5k
1.05%*$5k*-18 Month CD
OTHER TIERS: 0.95% $500 - $5k
0.70%*$5k*-6 Month CD
OTHER TIERS: 0.60% $500 - $5k
0.55%*$5k*-12 Month CD
OTHER TIERS: 0.45% $500 - $5k

Liberty Savings Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*$5k*-72 Month IRA
OTHER TIERS: 1.95% $500 - $5k
1.85%*$5k*-66 Month IRA
OTHER TIERS: 1.75% $500 - $5k
1.65%*$5k*-60 Month IRA
OTHER TIERS: 1.55% $500 - $5k
1.48%*$5k*-54 Month IRA
OTHER TIERS: 1.38% $500 - $5k
1.30%*$5k*-48 Month IRA
OTHER TIERS: 1.20% $500 - $5k
1.27%*$5k*-42 Month IRA
OTHER TIERS: 1.18% $500 - $5k
1.25%*$5k*-36 Month IRA
OTHER TIERS: 1.15% $500 - $5k
1.23%*$5k*-30 Month IRA
OTHER TIERS: 1.13% $500 - $5k
1.20%*$5k*-24 Month IRA
OTHER TIERS: 1.10% $500 - $5k
1.05%*$5k*-18 Month IRA
OTHER TIERS: 0.95% $500 - $5k
0.70%*$5k*-6 Month IRA
OTHER TIERS: 0.60% $500 - $5k
0.55%*$5k*-12 Month IRA
OTHER TIERS: 0.45% $500 - $5k
Locations


Liberty Savings Federal Credit Union Locations
Branch Office108 48th StUnion City, NJ 07087
Branch Office1590 Kennedy Blvd.Jersey City, NJ 07305
Branch Office660 Newark AveJersey City, NJ 07306-2379