Newark Firemen Federal Credit Union

000

106 Fleming Avenue, Newark, NJ, 07105  

NFFCU was chartered in 1940 to service the financial needs of the members & their families, of the Fire Department of the City of Newark. Over the past 79 years the credit union has grown to a $18 million financial organization with 5 employees serving over 3, 000 members. NFFCU is headquartered at Newark in a credit union-built-and-owned building.


NFFCU was chartered in 1940 to service the financial needs of the members and their families, of the Fire Department of the City of Newark. Over the past 79 years the credit union has grown to a $18 million financial organization with 5 employees serving over 3, 000 members. As a federal credit union, NFFCU is governed by the NCUA Act and regulated directly by NCUA. Accounts on deposit in the credit union are insured up to $250, 000 by the NCUA, an agency of the U.S. Government, through the National Credit Share Insurance Fund. Basic operations of this financial cooperative include deposit accounts such as shares, share drafts, and share certificates. The main business of NFFCU is consumer and real estate loans. Excess deposits not lent out to the membership are used for short-term investments and fixed assets.


LENDING PROFILE

Newark Firemen Federal Credit Union arranges the following loan types:
  • RESIDENTIAL: Hard Money
  • COMMERCIAL: Hard Money 1st, Hard Money 2nd , Portfolio
  • LAND: Hard Money
Lending territories: NJ

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