Essex County Teachers Credit Union Bloomfield NJ | Affordable Auto Loans & Personal Banking

Introduction

Welcome to Essex County Teachers, your trusted partner in financial services since 1936. Nestled in the heart of Bloomfield, NJ, at 125 Franklin St, we take pride in serving our community with dedication and integrity. With a membership base of over 3,815 individuals, we are committed to providing personalized banking solutions that cater to your unique needs. At Essex County Teachers, we understand that every financial journey is different. That's why we offer a range of services from personal checking and savings accounts to auto loans, mortgage refinancing, and business banking solutions. Our total assets stand at an impressive $22,169,500, ensuring that we have the resources necessary to support our members effectively. Our leadership team, led by CEO Robert Steeves and Board President Kenneth King, is passionate about fostering a strong financial future for all members. With a net worth of $1,647,161 and total deposits reaching $814,085, you can trust us to manage your funds responsibly. We also maintain a healthy cash reserve of $461,214 to ensure liquidity and security for our members. While you can visit us directly at our Bloomfield branch for all your banking needs, please note that official correspondence should be sent to the same address. Whether you're looking for a new auto loan or seeking advice on debt consolidation, our friendly team is here to help. Ready to take the next step? Give us a call at 973-748-8847 or visit our website at www.ectcu.org to learn more about how we can assist you today!

Branch History & Mission

The story of Essex County Teachers is one of community, commitment, and growth. Established in 1936, our credit union has been a cornerstone for members in Bloomfield, NJ, for decades. From our humble beginnings to becoming a trusted financial partner for over 3,800 members, we've always stayed true to our mission: to provide accessible financial services while nurturing the spirit of community support. Located at 125 Franklin St, Bloomfield, NJ 07003, our branch is not just a place to bank; it's a hub for connection and support. Our welcoming atmosphere encourages members to engage with us directly during our operating hours, which are Monday through Friday from 9 AM to 5 PM. While we currently do not have ATM or drive-thru services, we pride ourselves on our shared service center availability that allows members to access their accounts conveniently. Throughout our journey, we've achieved significant milestones that highlight our growth. Today, we proudly manage total assets of over $22 million. This remarkable achievement reflects the trust and confidence placed in us by our members. We continually strive to enhance their financial well-being through various offerings such as personal banking solutions checking and savings accounts, auto loans, mortgages, and credit cards with rewards. Our mission statement embodies the essence of what we stand for: "To empower our members through quality financial services while fostering a strong sense of community." We believe that banking goes beyond transactions; it's about building lasting relationships and making a positive impact in people's lives. This philosophy guides everything we do from providing personalized loan options to supporting local initiatives. In addition to traditional banking services, we've embraced modern technology with online and mobile banking options. These advancements make it easier for members to manage their finances anytime and anywhere, ensuring they always have access to essential tools when they need them most. As we look towards the future, we remain committed to enhancing our community outreach efforts and forming partnerships that uplift the neighborhoods we serve. Together with our dedicated team of employees led by CEO Robert Steeves and Board President Kenneth King, we're focused on creating opportunities for financial education and empowerment. If you're looking for a credit union that prioritizes your needs while fostering a sense of belonging within the community, consider joining Essex County Teachers today. Experience firsthand how we're more than just a financial institution we're your partners in achieving your goals. Reach out to us at 973-748-8847 or visit us online at www.ectcu.org to learn more about becoming a member!

Branch Location & Accessibility

Welcome to the Essex County Teachers branch, where convenience meets community! Located at 125 Franklin St in Bloomfield, NJ, our branch is easily accessible and designed to meet your banking needs. Nestled in the heart of Essex County, we're just a short drive from popular spots like Brookdale Park and the Bloomfield Town Hall, making it simple for you to stop by while you're out and about. While members can visit us at 125 Franklin St, official correspondence should be sent to the same address. We want to ensure that reaching us is as straightforward as possible. Our branch features ample parking and is ADA compliant, so everyone can access our services without hassle. Our friendly staff is here to serve you from Monday through Friday, from 9 AM to 5 PM. Whether you're looking to open a checking account, explore auto loans, or discuss mortgage options, we're ready to help with personalized service tailored just for you. Please note that we currently do not offer ATM services or drive-thru banking; however, we are part of a shared service center network which allows members to complete basic transactions at other partner credit unions. If you have any questions or need assistance, don't hesitate to give us a call at 973-748-8847. We invite you to visit us soon and discover how Essex County Teachers can support your financial journey!

Member Eligibility

Becoming a member of Essex County Teachers feels like joining a welcoming family where your financial well-being is our priority. If you live, work, or attend school in the Essex County area, you're likely eligible to join us! We believe that everyone deserves access to personalized banking services, and as a member, you'll enjoy benefits like lower loan rates and higher savings yields. It's all about supporting our community and providing services that truly matter. For detailed eligibility criteria, feel free to check out our resource at . Getting started is easy! Just reach out to us at (973) 748-8847, and we'll guide you through the account opening process so you can experience all the perks of membership at Essex County Teachers. Your journey towards better banking begins right here at 125 Franklin St Bloomfield Nj 07003!

Business Banking & Commercial Services

Merchant Services for Everyday Needs

In addition to loans, we offer essential merchant services that streamline daily transactions. Picture this: your customers can pay quickly and securely, whether they're using credit cards or mobile payments. This ease of use not only enhances customer satisfaction but also helps keep your cash flow steady. Whether you're looking for funding or ways to simplify transactions, Essex County Teachers at 125 Franklin St Bloomfield Nj 07003 in Bloomfield, NJ is here to help you thrive. Contact us at (973) 748-8847 to learn more about how we can assist your business!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We also support the broader business community with $2 in non-member commercial loans, providing flexible financing solutions. Imagine being able to expand your operations, invest in new technology, or hire additional staff all possible with the right funding. Our commercial loans are designed to empower you to take those bold steps forward.

Comprehensive List Of Services

Business Banking

For our entrepreneurial members, we offer comprehensive Business Banking services including merchant services and business loans. This means you can focus on growing your business while we take care of the banking side of things.

Credit Options

For those looking to build or improve their credit score, our Credit Cards with Rewards can be an excellent choice. Imagine earning rewards on purchases you already make every day it's like getting paid to shop!

Digital Convenience

In today's fast-paced world, convenience is key. That's why we provide Online & Mobile Banking solutions that allow you to manage your accounts anytime, anywhere. With just a few taps on your phone or clicks on your computer, you can check balances, transfer funds, or pay bills without ever stepping foot in the branch. Additionally, while we currently do not offer ATM services directly at this branch location, our partnership with shared service centers ensures that basic transactions such as deposits and withdrawals for partner credit union members can still be done conveniently. As part of our commitment to member satisfaction, we encourage you to reach out at 973-748-8847 during our operating hours from Monday through Friday between 9 AM and 5 PM for any questions or assistance regarding our services. At Essex County Teachers, we're more than just a financial institution; we're your trusted partner in achieving your financial goals. Explore how we can assist you today by visiting us at http://www.ectcu.org. We look forward to serving you!

Home Financing

If you're thinking about buying a home or refinancing your current mortgage, our Mortgage Loans & Refinancing services are designed to make the process smooth and straightforward. We take pride in guiding our members through every step, ensuring they understand their options and find a solution that works for them.

Personal Banking

We understand that managing your finances can sometimes feel overwhelming. That's why we offer Personal Banking services such as checking and savings accounts tailored to fit different lifestyles. Imagine having easy access to your funds with no monthly fees and the ability to set up automatic transfers to help you save effortlessly. When it comes time to purchase a new car, our Auto Loans & Vehicle Financing options provide competitive rates and flexible terms. Picture yourself driving off in your dream car while knowing you've secured an affordable loan that fits your budget.

Personal Loans

Sometimes unexpected expenses arise, and that's where our Personal Loans & Debt Consolidation come in handy. Whether it's for medical bills or consolidating debt into one manageable payment, we're here to help you navigate these challenges with ease.

Digital & Online Banking

Key Features

With 24/7 online banking services, you have the freedom to check balances, pay bills, and transfer funds at your own pace. Whether you're at home or on the go, our user-friendly interface makes it easy to stay on top of your financial needs. Plus, with e-statements available, you can review your account activity without the clutter of paper statements. Enjoy the peace of mind that comes with knowing your information is secure while still having quick access to what matters most. Our mobile application further enhances your banking experience by allowing you to make mobile payments seamlessly. This feature is perfect for those busy days when you're out and about and need to handle transactions quickly. While person-to-person transfers aren't currently offered, our other services ensure that sending money to friends or family remains simple.

Security and Accessibility

At Essex County Teachers, we prioritize your security with every transaction. Our electronic signature authorization process provides an added layer of protection when managing sensitive documents. You can rest easy knowing that your information is safeguarded as you navigate through our online services. In summary, whether you're looking for real-time account management or the ability to make payments on the fly, our digital and online banking options are here for you. Experience the ease of modern banking with Essex County Teachers today!

Financial Strength

Commitment to Growth

With $1,632,531 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust with $250 in used auto loans and $8,588,315 in total loans and leases, supporting members' financial goals across various sectors. Our operational efficiency is reflected in our $14,630, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 8 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Member Base

Total Share and Deposit Accounts: 6,026, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $949,259. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Essex County Teachers is your trusted partner. Visit us at 125 Franklin St Bloomfield Nj 07003 or call (973) 748-8847 to learn more about how we can help you achieve your financial goals.

Secure Savings Options

Members' savings are secured through $262,658 in share certificates and $1,333,678 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $1,647,161, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $743 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $3,784,524 in used vehicle loans and $827,446 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used option, we have plans that can fit your budget.

Business Loans

While we do not have outstanding commercial loans at this time, our commitment to supporting local businesses remains strong. For future growth opportunities, keep us in mind for business financing solutions tailored to meet your needs. At Essex County Teachers, we believe in making lending accessible and straightforward. If you're interested in refinancing or would like to learn about eligibility options for any of our loan products, don't hesitate to reach out. You can contact us at 973-748-8847 or visit us at our branch located at 125 Franklin St., Bloomfield, NJ 07003 during our operating hours from Monday through Friday, 9 am to 5 pm. For more information about our loan offerings or any other services we provide ranging from personal banking to online and mobile banking please visit our website at http://www.ectcu.org. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We currently offer Junior Lien 1-4 Family Residential Properties loans totaling $518,694. Our experienced team can guide you through the process and help find the best solution for your situation.

Unsecured Credit Cards

For those looking to manage everyday expenses more effectively, we also offer flexible terms on unsecured credit card loans. With a total of $0 in unsecured credit card loans available currently, we are prepared to assist members in achieving better financial management through responsible borrowing.

Loan Aggregator

Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This ensures that users receive fair and transparent offers.

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions help users make informed decisions. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*