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First Jersey Credit Union

Field	Value
name	First Jersey Credit Union
logo	First Jersey CU logo.png
image	Passaic nj.png
image_caption	Map of Passaic in Passaic County
type	Credit union
foundation	1929
location	Passaic County, New Jersey, United States
industry	Financial services
products	Savings; checking; consumer loans; mortgages; credit cards; investments; online banking
homepage	[firstjerseycu.com](https://www.firstjerseycu.com/)

First Jersey Credit Union was a federally insured, state chartered credit union operating from two branches in Passaic County, New Jersey. It was involuntarily liquidated by the New Jersey Department of Banking and Insurance and the National Credit Union Association on February 28, 2018, and USAlliance Federal Credit Union absorbed the majority of FJCU's assets.

History

First Jersey was originally chartered in 1929. The credit union converted from a multi-SEG credit union to a community credit union on 18 April 2005. They were a credit union involved with financing taxi medallions.

References

(28 February 2018). "First Jersey Credit Union Closes; USALLIANCE Assumes Shares and Loans".
[http://www.state.nj.us/dobi/bnk_depositories/apphistwebinfo.htm New Jersey Dept. of Banking & Insurance - approval of community charter]
(1 October 2018). "Taxi lender Lomto Federal Credit Union picked up for scrap". Crain's New York Business.
(12 October 2018). "NYC Taxi Medallion Bankruptcy Chapter 7 or Chapter 13". Queens Daily Eagle.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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