Your Funds Are Insured
As a credit union member at Credit Union of New Jersey, A Federal Credit Union, you are an owner of our not-for-profit financial cooperative. Our first priority is your financial success, and we focus on financial security. Credit Union of New Jersey was chartered 80 years ago, and we are committed to serving our community. You can be assured that your money is safe and sound at our credit union.
We have an experienced team to serve you and answer any questions or concerns. Credit union deposits in federally insured credit unions are safe and secure. Federally insured credit unions offer a safe place for credit union members to save money. These deposits are protected by the National Credit Union Share Insurance Fund and are insured up to at least $250,000 per individual depositor—the same as any other federally insured financial institution.
Credit Union of New Jersey is well capitalized and not exposed to the risks that caused the recent bank failures. They were primarily caused by large concentrations of uninsured deposits that were withdrawn rapidly, causing liquidity challenges for the banks. We have a much smaller concentration of uninsured deposits/shares and carefully manage our liquidity to ensure we meet the needs of our members.
Credit union members have never lost a penny of insured savings at a federally insured credit union. You can visit MyCreditUnion.gov for more information about the National Credit Union Share Insurance Fund coverage for consumers.
Please visit our website or call 800-538-4061 with any questions. Again, your money is safe and secure at our credit union and protected up to $250,000 per individual depositor.
Enjoy the freedom to prosper. If you have questions about Your Funds Are Insured, just give us a call at 609.538.4061 or 800.538.4061, email us at firstname.lastname@example.org, or stop by one of our branches.
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