MidState Federal Credit Union began over half a century ago on May 3, 1950, with a total membership of seven. These original seven members decided to pool their savings in order to promote thrift among them, by affording them an opportunity to accumulate their savings and create a source of credit they could borrow from for provident and productive purposes. After over fifty years of service, MidState FCU still follows these same beliefs today.
At the time of its founding, the credit union’s name was USMR Employees Federal Credit Union. Its field of membership was limited to employees of United States Metals Refining Company in Carteret, New Jersey; employees of the credit union; members of their immediate families; and organizations of such persons. When the credit union’s sponsor company (USMR) became AMAX, Inc. in 1984, the downsizing of this
facility began. It was at this point that the U.S. Metals Refinery Federal Credit Union became MidState Federal Credit Union. The downsizing caused the credit union to abandon its sponsor-provided office facilities and relocate to Roosevelt Avenue, Carteret, NJ, its current location.
In 2000, the National Credit Union Administration approved MidState FCU to become a community charter credit union. Today, MidState FCU has grown into a credit union with a membership of 1400 and assets exceeding $16 million. MidState FCU is a full-service financial institution that provides service to persons who live, work, worship, attend school, own a business or other legal entities in the Borough of Carteret, New Jersey.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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