Essex County Teachers Credit Union Newark NJ | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Essex County Teachers, your trusted partner in financial growth and community support! Located at 465 Martin Luther King Jr Blvd, Newark, NJ 07102, our credit union has been serving the local community since 1936. With a rich history of commitment to our members, we have grown to support over 3,815 individuals and families, offering them personalized banking solutions that truly make a difference. At Essex County Teachers, we pride ourselves on our strong financial foundation, boasting total assets of $22,169,500 and deposits totaling $814,085. We are dedicated to providing competitive loans and services currently managing 818 loans and leases, ensuring that our members have access to the resources they need for their financial journeys. Our net worth stands at an impressive $1,647,161, reflecting our stability and dedication to member service. Under the leadership of CEO Robert Steeves and Board President Kenneth King, we strive to create a welcoming environment where every member feels valued. Our team of 11 employees is here to help you navigate your financial goals with ease. Whether you're interested in personal banking services like checking accounts or auto loans or need assistance with business banking solutions, we're here for you. While you can visit us at our branch in Newark, please note that official correspondence should be sent to the same address. Feel free to reach out via phone at 973-643-4738 during our operating hours from Monday to Friday between 9 AM and 3 PM. Join us today at Essex County Teachers and experience a credit union that cares about your success as much as you do! Visit our website at http://www.ectcu.org or give us a call we're excited to assist you on your financial journey!

Branch History & Mission

Join Us

As we look toward the future, we invite you to be part of our story. Whether you're looking for a new account or seeking guidance on your financial journey, Essex County Teachers is here for you every step of the way. Experience personalized service grounded in community values join us today and let's build a brighter financial future together! For more information or assistance, please reach out at 973-643-4738 or visit us online at http://www.ectcu.org .

Our Journey

From our humble beginnings, Essex County Teachers was established with a clear purpose: to provide accessible financial services tailored for educators and their families. As we evolved, we expanded our offerings beyond traditional banking services. We now offer personal banking options such as checking and savings accounts, auto loans, mortgages, and credit cards with rewards. Our mission has always been about more than just banking; it's about empowering our members to achieve their financial goals. We are proud to say that our Newark branch has been a vital part of this journey. Throughout the decades, we've embraced advancements in technology to enhance your banking experience. Our online and mobile banking services are designed to make managing your finances convenient and straightforward. While we currently do not have ATM facilities or drive-thru services at this location, we remain dedicated to providing exceptional service during our lobby hours from Monday through Friday, 9 AM to 3 PM.

Our Mission

At Essex County Teachers, our mission is simple yet powerful: We strive to improve the financial lives of our members while actively supporting the communities we serve. We believe that everyone deserves access to quality financial products and education. That's why we invest in community outreach initiatives that promote financial literacy and well-being. Our headquarters in Bloomfield further strengthens our ability to serve you with dedication and care. While members can visit us at our Newark branch address, official correspondence should be sent to 465 Martin Luther King Jr Blvd, Newark, NJ 7102.

Branch Location & Accessibility

Accessibility and Features

Our branch is designed with accessibility in mind. You will find easy access ramps and ADA-compliant features to help everyone feel welcome. Parking is available nearby, ensuring you have a hassle-free experience when visiting us.

Contact Us

Have questions? Don't hesitate to reach out! You can call us at 973-643-4738 for assistance or more information about our offerings. We look forward to welcoming you into our branch soon let's work together towards achieving your financial goals!

Operating Hours

We understand your time is valuable! That's why we are open Monday through Friday from 9 AM to 3 PM. These hours give you plenty of opportunities to come in and speak with our friendly staff about your banking needs.

Services Offered

At Essex County Teachers, we provide a variety of personal banking options, including checking and savings accounts, auto loans, mortgage loans, and personal loans for debt consolidation. For those interested in business banking, we also offer merchant services and business loans. Plus, with our online and mobile banking services, managing your finances on-the-go has never been easier!

Member Eligibility

At Essex County Teachers, we believe that becoming a member is like joining a close-knit family where your financial needs are prioritized. If you're wondering how to become part of our community, it's quite simple! Membership is open to anyone who lives, works, worships, or attends school in Essex County. This means that whether you're a teacher, a local resident, or someone connected to our vibrant community, you can enjoy the benefits of being with us. Once you're a member, you'll have access to personalized banking services tailored just for you. For more detailed eligibility information, feel free to visit our website at . Getting started is easy! You can open an account by visiting us at our welcoming branch located at 465 Martin Luther King Jr Blvd Newark Nj 07102. Our friendly team is here to guide you through every step of the process. Plus, if you have any questions or need assistance, don't hesitate to reach out at (973) 643-4738. We can't wait to welcome you into the Essex County Teachers family!

Business Banking & Commercial Services

Lending Solutions for Growth

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 a local café owner who dreams of opening a second location. With our tailored loan options, they can secure the funds needed to make their vision a reality. Our loans not only help businesses like this grow but also contribute to the overall economic vitality of Newark, NJ.

Merchant Services That Make Life Easier

In addition to loans, we offer merchant services that simplify transactions and improve cash flow. Picture a retail store seamlessly accepting payments via card or mobile wallet our merchant services make it easy for customers to shop while ensuring you receive payments quickly and securely. Let Essex County Teachers be your partner in success. Visit us at 465 Martin Luther King Jr Blvd, Newark, NJ 07102, or call us at 973-643-4738 to learn more about how we can help your business thrive!

Comprehensive List Of Services

Business Banking Support

For our local businesses in Newark, we provide comprehensive business banking services, including merchant services and business loans. We recognize how important it is for small businesses to thrive, and we're here to support you with the right financial tools and resources.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking solutions. Access your accounts anytime, anywhere check balances, transfer funds, or pay bills all from your phone or computer. Plus, our ATM services ensure that cash withdrawals are easy whenever you need them. Our commitment at Essex County Teachers goes beyond just offering financial products; it's about building lasting relationships with our members. We invite you to visit us at our Newark office or give us a call at 973-643-4738 to learn more about how we can assist you today! Ready to take control of your finances? Reach out now or stop by we're here for all your banking needs!

Financial Solutions for Your Needs

In addition to personal banking, we also offer personal loans and debt consolidation services. These options can be particularly helpful if you're managing multiple debts or need extra funds for unexpected expenses. Our advisors will guide you through the process, helping you choose the right solution that fits your budget and goals.

Home Financing Made Easy

Thinking about buying a home? Our mortgage loans and refinancing services are here to assist you every step of the way. We know that owning a home is a significant milestone, and our mortgage specialists will work with you to find the best loan for your situation, whether you're a first-time buyer or looking to refinance an existing mortgage.

Personal Banking Services

When it comes to personal banking, we've got you covered. Whether you're opening your first checking or savings account or looking for ways to manage your everyday expenses, we offer flexible options designed just for you. Our accounts come with features that can help you save more effectively and manage your finances seamlessly. If you're in the market for a new vehicle, consider our auto loans and vehicle financing options. We provide competitive rates and terms that can make purchasing your dream car easier than ever. If you already have a vehicle loan, ask us about refinancing options that could lower your monthly payments.

Rewarding Credit Card Options

Don't forget about our credit cards with rewards! They're perfect for those who want to earn while they spend. Whether you're shopping for groceries or planning a vacation, using our credit card can give you perks like cash back or travel rewards.

Digital & Online Banking

Key Features

One of the highlights of our digital services is the availability of e-statements. You can say goodbye to paper clutter and easily view your statements online whenever you want. This feature is not only eco-friendly but also helps you keep track of your financial activities effortlessly. For those who enjoy using their phones for payments, our mobile payments feature allows you to make secure transactions without reaching for your wallet. It's all about making your life easier while ensuring that every transaction is safe. While we currently do not support person-to-person transfers or electronic signature authorization, we are committed to enhancing our services based on member feedback. Your voice matters to us! In today's fast-paced world, having access to real-time account management is essential. Our online banking services allow you to stay informed about your finances with just a few clicks or taps. Whether it's checking recent transactions or setting up alerts for important account activities, we've got you covered. At Essex County Teachers, we're dedicated to providing you with reliable and accessible banking solutions that fit your lifestyle. Start exploring all that our digital banking has to offer today!

Financial Strength

Investing in Your Future

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 supports your financial goals with $250 in used auto loans and $8,588,315 in total loans and leases.

Member Trust

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 465 Martin Luther King Jr Blvd Newark Nj 07102 or call (973) 643-4738 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Operational Efficiency

Our $14,630 reflects our operational efficiency, 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.

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

Additional Services

In addition to these loan products, we also provide access to total credit lines amounting to $1,000,000, giving you more financial flexibility when you need it most. If you're interested in exploring refinancing options or checking eligibility for any of our loan offerings, feel free to reach out to us. You can contact us at 973-643-4738 or visit us at our branch located at 465 Martin Luther King Jr Blvd, Newark, NJ 07102. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. We're here to help you succeed financially let's work together towards your goals!

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. We provide flexible terms that cater to different budgets and needs.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $518,694, make buying or refinancing simple. We offer competitive rates and guidance throughout the process to help you navigate your options effectively.

Unsecured Credit Card Loans

Managing day-to-day expenses is easier with our unsecured credit card loans. While we currently have $0 in unsecured credit card loans available, we are dedicated to providing flexible terms to assist our members in managing their finances effectively.

Loan Aggregator

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ESSEX COUNTY TEACHERS FEDERAL CREDIT UNION - Newark, NJ