Financial Resources Somerset NJ Credit Union | Quick Personal Loans & Auto Loans

Introduction

Welcome to Financial Resources, your trusted partner in achieving financial success since 1950. Located at 780 Easton Ave, Somerset, NJ 08873, our branch is dedicated to providing personalized banking solutions that meet the unique needs of our community. With a robust membership of 29,439 and total assets exceeding $624 million, we pride ourselves on being a reliable financial institution where you can thrive. At Financial Resources, we understand that every member has different goals and challenges. That's why we offer a variety of services, including checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. Our commitment to serving you is reflected in our total deposits of $23,163,374 and an impressive net worth of $55,168,999. Our friendly team of 95 employees, led by CEO Frank Almeida and Board President Robert Graczyk, is here to support you every step of the way. Whether you're looking to secure a loan or simply want assistance with your account, we're ready to help. While members can visit us at our branch location for in-person service, official correspondence should be sent to the same address. We invite you to explore the many ways we can assist you in reaching your financial goals. For any inquiries or to learn more about our services, please feel free to call us at 732-729-4680 or visit our website at myfinancialresources.org. Join us today and experience the difference that a community-focused credit union can make!

Branch History & Mission

Welcome to Financial Resources, a beacon of community support and financial empowerment in Somerset, NJ. Established in 1950, our branch has a rich history that spans over seven decades, dedicated to serving the needs of our members and fostering economic growth in the area. From our humble beginnings, Financial Resources has evolved significantly. We proudly serve a total membership of 29,439 individuals, all of whom are part of our mission to provide accessible financial services tailored to their unique needs. Our branch is located at 780 Easton Ave, Somerset, NJ 08873, conveniently situated near local landmarks that make it easy for members to visit us. Our mission is clear: we aim to deliver exceptional financial services while supporting our community through outreach and partnership initiatives. We offer a wide range of products including checking and savings accounts, auto loans, mortgage options, personal loans, and business banking solutions. Each service is designed not just for transactions but to build lasting relationships with our members. As we look back at our journey, we celebrate milestones that showcase our commitment to innovation and accessibility. With total assets reaching an impressive $624,645,070, we have embraced digital advancements such as online banking and mobile payments to enhance the member experience. Our drive-thru service further provides convenience for those on the go. At Financial Resources, we believe in being more than just a financial institution; we strive to be an integral part of the Somerset community. Through partnerships with local organizations and active participation in community events, we work diligently to uplift those around us. For your convenience, our operating hours are Monday through Friday from 9:00 AM to 5:00 PM and Saturday from 9:00 AM to 1:00 PM. You can reach us at 732-729-4680 for any inquiries or assistance you may need. Whether you're looking for a personal loan or simply want to discuss your financial goals, we invite you to join us at Financial Resources. Experience firsthand how we're dedicated to making a positive impact in your life and in our community. Together, let's build a brighter financial future!

Branch Location & Accessibility

Accessibility Features

Getting to our branch is easy! We offer ample parking spaces, including ADA-compliant options for those who need them. You'll find ramps and accessible entrances to ensure everyone can visit us comfortably. Whether you're popping in for a quick transaction or settling down for a detailed discussion about your financial needs, we've got you covered.

Operating Hours & Services

Our doors are open Monday through Friday from 9:00 AM to 5:00 PM, and on Saturdays, we're here from 9:00 AM until 1:00 PM for both lobby and drive-thru services. Feel free to swing by during these hours or give us a call at 732-729-4680 if you have any questions. We're proud to offer a variety of services tailored just for you. From personal banking options like checking and savings accounts to auto loans and mortgages, we're here to help with your financial journey. Plus, our drive-thru banking allows you to handle simple transactions without leaving your car.

Stay Connected

While members can visit us at our branch address for all their banking needs, official correspondence should be sent to the same address as well. We also provide ATM services right here at the branch for your convenience. We invite you to stop by and experience our welcoming atmosphere first-hand! Let us assist you with all your financial needs your journey starts here at Financial Resources!

Member Eligibility

Becoming a member of Financial Resources is like joining a family where your financial well-being is our top priority. If you live, work, worship, or attend school in the Somerset area, you're already eligible to enjoy the benefits we offer. We believe that everyone deserves access to personalized financial services tailored to their needs. As a member, you'll experience a supportive community that prioritizes your goals and aspirations. Opening an account with us is simple! Just visit our branch located at 780 Easton Ave Somerset Nj 08873, or give us a call at (732) 729-4680 for more information on how to get started. You can also check out our eligibility criteria in detail by visiting https://myfinancialresources.org/home/about-us/membership/ . We can't wait to welcome you into the Financial Resources family!

Business Banking & Commercial Services

Loan Options for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $285 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $2 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $101,347,116, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Matter

Imagine effortlessly processing transactions while keeping your cash flow steady. Our merchant services make it simple for businesses to accept payments, manage finances, and enhance customer experiences. By choosing Financial Resources, you gain access to tools that can streamline your operations and support your financial health. Visit us at 780 Easton Ave Somerset Nj 08873 in Somerset, NJ or call us at (732) 729-4680 to learn more about how our business banking and commercial services can empower your enterprise today!

Comprehensive List Of Services

ATM & Drive-Thru Services

Need quick cash? Our ATM services allow for easy withdrawals and balance checks whenever you need them. Plus, our basic drive-thru banking offers convenient transactions like deposits and withdrawals without leaving your car perfect for those busy days! At Financial Resources, we pride ourselves on making banking straightforward and accessible for all members in Somerset and beyond. If you're interested in exploring any of these services further or have questions about how we can assist you financially, don't hesitate to reach out at 732-729-4680 or visit us in person at our branch. Join us today and experience financial peace of mind! For more information about membership eligibility or to open an account, check out our website.

Auto Loans & Vehicle Financing

Thinking about buying a new car? Our auto loans and vehicle financing options make it simple to drive off with the vehicle of your dreams. We provide competitive rates and flexible terms, ensuring that your monthly payments fit comfortably within your budget.

Business Banking Solutions

For our entrepreneurial members, we provide comprehensive business banking services including merchant services and business loans. We know how crucial it is for businesses to have reliable financial support, which is why we tailor our offerings to suit the needs of local businesses like yours.

Credit Cards with Rewards

Our credit cards with rewards give you more than just a way to pay; they offer perks that make everyday spending rewarding. Imagine earning points on purchases that lead to exciting rewards or cash back it's our way of saying thank you for being part of our community.

Digital Banking Convenience

In today's fast-paced world, having access to your finances anytime, anywhere is essential. That's why we offer robust online and mobile banking services. Check balances, transfer funds, or deposit checks from the comfort of your home or on-the-go using our mobile app.

Home Financing Solutions

If you're ready to purchase a home or refinance your existing mortgage, look no further. Our mortgage loans and refinancing services are designed to guide you through the process smoothly. Picture yourself unlocking the door to your new home, with favorable terms that make homeownership a reality.

Personal Banking Services

Whether you're opening your first checking account or looking for ways to save for a big purchase, we offer personal banking options that fit your lifestyle. With our checking and savings accounts, managing your money has never been easier. Imagine having access to tools that help you track your spending while building your savings effortlessly.

Personal Loans & Debt Consolidation

Life can bring unexpected expenses, but we're here to help with our personal loans and debt consolidation options. Whether it's for an emergency or consolidating multiple debts into one manageable payment, our friendly team is here to assist you every step of the way.

Digital & Online Banking

Additional Benefits

Keeping track of your spending has never been easier with our e-statements availability Yes. Say goodbye to paper clutter and switch to digital statements that you can access anytime. And if you're looking for a way to make payments without cash or cards, our mobile payments feature Yes allows you to pay directly from your phone. In summary, Financial Resources is committed to providing modern banking solutions that fit into your lifestyle. Experience the ease of real-time account management today by visiting us online at https://myfinancialresources.org/ !

Key Features

Our online banking offers 24/7 access, allowing you to check balances, transfer funds, and pay bills whenever it suits you. You no longer need to wait for business hours; everything is at your fingertips! If you prefer using your smartphone, our mobile application makes banking even more convenient. You can easily manage your finances on the go, whether you're at home or out and about. Security is a top priority for us. We utilize electronic signature authorization Yes to ensure that your transactions are safe and secure. Plus, with features like person-to-person transfers Yes, sending money to friends or family is quick and hassle-free.

Financial Strength

Committed Team

We also take pride in having 92 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Together, we strive to provide the best service possible while keeping your financial needs at the forefront.

Growth Indicators

Total Share and Deposit Accounts stand at 51,162, showing a strong and growing member base that trusts us with their finances. Our commitment to operational efficiency reflects in our performance; although our net income stands at $0 this period due to strategic investments for future growth, it positions us well for upcoming opportunities. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Financial Resources is your trusted partner. Visit us at 780 Easton Ave Somerset Nj 08873 or call 732-729-4680 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.

Member-Centric Savings

Members' savings are secured through $173,825,148 in share certificates and $136,155,614 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.

Reinvesting in Our Community

With $55,070,784 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 members' financial goals across various sectors with $7,420 in used auto loans and over $475 million in total loans and leases.

Strong Financial Health

With a net worth of $55,168,999, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 883 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 $8,842,232 in used vehicle loans and $1,671,544 in new vehicle loans already helping members get on the road. Whether you're looking for financing on a brand-new vehicle or a reliable used car, we have competitive rates that can fit your budget.

Credit Lines and Commercial Loans

In addition to personal loans, we have significant resources for businesses. Our outstanding commercial loans totaling $101,347,116 provide the capital needed for business growth and expansion. If you're interested in establishing or enhancing your business operations, our team is ready to assist you every step of the way. We also provide refinancing options for many of our products. If you're considering adjusting your current loan terms or seeking eligibility information for any of our offerings, please reach out to us directly at 732-729-4680. For more detailed information about our services or to explore your options further, visit us at 780 Easton Ave, Somerset NJ 08873, or check out our website at Financial Resources. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let us help you find the right loan solution today!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $53,402,346, make buying or refinancing simple. We provide flexible terms and personalized service to help you navigate the home-buying process smoothly.

Unsecured Credit Card Loans

Managing finances can sometimes be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $7,055,265 in loans helping members manage their finances effectively. This option allows you to have access to funds when you need them without requiring collateral.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate 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 all offers are fair and transparent, giving users confidence in their choices.

FINANCIAL RESOURCES FEDERAL CREDIT UNION - Somerset, NJ