Liberty Savings Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.10% | 6+ Year CD | 72 Month CD 2.06% - National Average |
| 2.05% | 5-year CD | 60 Month CD 3.00% - Barclays 60 Month Online CD |
| 1.55% | 4-year CD | 48 Month CD 1.64% - National Average |
Liberty Savings Federal Credit Union is headquartered in Jersey City and is the 29th largest credit union in the state of New Jersey. It is also the 1,643rd largest credit union in the nation. It was established in 1951 and as of March of 2018, it had grown to 38 employees and 21,710 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 in Liberty Savings Federal Credit Union is open to the following: (1) those who live, work, worship, or attend school in Hudson County in New Jersey; (2) employees of H M International Transportation, Jersey City Medical Center, Munchkin Village and over 100 Select Employer Groups.
See current membership details
Related Posts
Wouldn't Bank Anywhere Else!
It seems to me a lot of complaining from people who couldn't get a loan anywhere else because of their bad credit. I been a member with the credit union for more than 15 years and sometimes I have to wait a while to see a customer representative but that don't stop me from liking this bank. They the only bank who is making loans to our community. Aint no big banks doing that so I don't know why everyone is fussin about having to wait a few minutes to be seen at the branch.
Greatful Customer
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.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7184 |
| Year Chartered | 1951 |
| Employees | 38 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 8.08% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $97.3MM$92.0MM |
| Loans | Q1 2018vs Q1 2017 | $46.1MM$51.5MM |
| Deposits | Q1 2018vs Q1 2017 | $85.1MM$80.8MM |
| Equity Capital | Q1 2018vs Q1 2017 | $10.7MM$10.1MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $1.9MM$2.4MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $1.3MM$1.6MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Liberty Savings Federal Credit Union; 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.
Liberty Savings Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.10%* | $5k* | - | 72 Month CD | ||
| OTHER TIERS: 2.00% → $500 - $5k | |||||
| 2.08%* | $5k* | - | 66 Month CD | ||
| OTHER TIERS: 1.98% → $500 - $5k | |||||
| 2.05%* | $5k* | - | 60 Month CD | ||
| OTHER TIERS: 1.95% → $500 - $5k | |||||
| 1.80%* | $5k* | - | 54 Month CD | ||
| OTHER TIERS: 1.70% → $500 - $5k | |||||
| 1.55%* | $5k* | - | 48 Month CD | ||
| OTHER TIERS: 1.45% → $500 - $5k | |||||
| 1.45%* | $5k* | - | 42 Month CD | ||
| OTHER TIERS: 1.35% → $500 - $5k | |||||
| 1.40%* | $5k* | - | 36 Month CD | ||
| OTHER TIERS: 1.30% → $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 | |||||
| 1.00%* | $5k* | - | 12 Month CD | ||
| OTHER TIERS: 0.90% → $500 - $5k | |||||
| 0.70%* | $5k* | - | 6 Month CD | ||
| OTHER TIERS: 0.60% → $500 - $5k | |||||
Liberty Savings Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.10%* | $5k* | - | 72 Month IRA | ||
| OTHER TIERS: 2.00% → $500 - $5k | |||||
| 2.08%* | $5k* | - | 66 Month IRA | ||
| OTHER TIERS: 1.98% → $500 - $5k | |||||
| 2.05%* | $5k* | - | 60 Month IRA | ||
| OTHER TIERS: 1.95% → $500 - $5k | |||||
| 1.80%* | $5k* | - | 54 Month IRA | ||
| OTHER TIERS: 1.70% → $500 - $5k | |||||
| 1.55%* | $5k* | - | 48 Month IRA | ||
| OTHER TIERS: 1.45% → $500 - $5k | |||||
| 1.45%* | $5k* | - | 42 Month IRA | ||
| OTHER TIERS: 1.35% → $500 - $5k | |||||
| 1.40%* | $5k* | - | 36 Month IRA | ||
| OTHER TIERS: 1.30% → $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 | |||||
| 1.00%* | $5k* | - | 12 Month IRA | ||
| OTHER TIERS: 0.90% → $500 - $5k | |||||
| 0.70%* | $5k* | - | 6 Month IRA | ||
| OTHER TIERS: 0.60% → $500 - $5k | |||||
| Liberty Savings Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 108 48th St | Union City, NJ 07087 |
| Branch Office | 1590 Kennedy Blvd. | Jersey City, NJ 07305 |
| Branch Office | 660 Newark Ave | Jersey City, NJ 07306-2379 |