Wakefern Credit Union Elizabeth NJ | Affordable Auto Loans & Business Banking

Introduction

At Wakefern, we're more than just a financial institution; we're a community partner committed to helping our members thrive. Located at 505 Division St, Elizabeth, NJ 07201, our credit union has been serving the community since 1962, and today we proudly support over 1,298 members with a wide range of financial services tailored to your needs. Our total assets stand at an impressive $11,245,575, allowing us to offer competitive rates on loans and deposits. With $1,130,468 in total deposits and 443 loans under our management, we emphasize trust and reliability in every interaction. Our dedicated team of just two employees is led by our passionate CEO, Susan Jelen, and Board President, Russell Lefkus, who share a vision of making financial services accessible and beneficial for everyone in our community. While you can visit us at our branch address for personal banking needs like checking and savings accounts or auto loans, any official correspondence should be sent to the same location: 505 Division St, Elizabeth, NJ 7201. We invite you to explore how we can assist you with your financial journey. Whether you're looking for personal loans, vehicle financing, or online banking options, we're here to help. Don't hesitate to reach out via phone at 908-527-3749 or visit our website at https://wakefernfcu.org to learn more about our services and how you can benefit from being a member of Wakefern. Your financial success is our priority!

Branch History & Mission

Commitment to Community

Our commitment extends beyond just banking; we actively engage in community outreach initiatives designed to uplift those around us. Whether it's partnering with local organizations or hosting events aimed at financial literacy, we are dedicated to making a positive impact in Elizabeth and beyond. While we do not have drive-thru service or shared service centers at this time, we do provide ATM access for your convenience. If you need assistance or have any questions about your financial journey with us, don't hesitate to reach out at 908-527-3749. Join us at Wakefern today! Experience the benefits of being part of a member-focused credit union that genuinely cares about your financial well-being. Together, let's build a brighter future for you and our community.

Our Journey

Since our inception, Wakefern has focused on providing exceptional financial services tailored to meet the needs of our members. Over the decades, we have embraced growth and innovation while maintaining our core values of trust and community support. Our branch has seen various milestones that reflect our dedication to helping individuals and families achieve their financial goals. In addition to traditional banking services, Wakefern is committed to adapting to the evolving needs of our members. We offer personal banking options such as checking and savings accounts, auto loans, mortgage loans, personal loans, and credit cards with rewards. We also provide business banking services that cater to local businesses looking for merchant services and business loans.

Our Mission

At Wakefern, our mission is simple yet powerful: to provide financial services that enhance the lives of our members while fostering strong community ties. We believe that when you succeed financially, we all succeed together. This mission drives us to offer not only competitive rates but also educational resources and support for all our members. We strive to create an inclusive environment where everyone feels welcome. While members can visit us at 505 Division St for in-person assistance during our operating hours from 8:30 AM to 4:00 PM Monday through Friday, we also prioritize digital convenience through online banking services that allow easy access anytime.

Branch Location & Accessibility

Accessibility Features

At Wakefern, we prioritize accessibility for all our members. Our branch is ADA-compliant, featuring ramps and designated parking spaces to ensure that everyone can access our services comfortably.

Operating Hours

We're open Monday through Friday from 8:30 AM to 4:00 PM, so you can easily fit us into your schedule. Whether you're coming in before work or on your lunch break, we strive to accommodate your banking needs during convenient hours.

Services Offered

Our branch offers a variety of services tailored to meet your financial goals. From personal banking options like checking and savings accounts to auto loans and credit cards with rewards, we've got you covered. If you're looking for online banking options, we also provide access to manage your finances digitally. Plus, if you need cash quickly, you'll be pleased to know that we have an ATM available on-site for your convenience. Although we do not currently offer drive-thru banking or shared services at this location, our friendly staff is ready to assist you inside the branch. Feel free to give us a call at (908) 527-3749 if you have any questions or need more information about what we offer. We can't wait to welcome you to Wakefern!

Member Eligibility

Welcome to the community at Wakefern! We're excited to share that becoming a member is easy and welcoming. If you're interested in joining us, you will find that eligibility is open to individuals who meet certain criteria, such as living, working, or attending school in our local area. We value our community and strive to support each member with personalized services and financial products tailored to your needs. To learn more about the specific eligibility requirements, feel free to check out this resource: Eligibility Details. Once you see how simple it is to qualify, you'll want to get started right away! Opening an account with us at Wakefern is straightforward just give us a call at (908) 527-3749, and we can guide you through the process. Visit us at our branch located at 505 Division St Elizabeth Nj 07201 during our operating hours, and let's take this exciting step together!

Business Banking & Commercial Services

Practical Merchant Services

In addition to loans, we offer tailored merchant services designed to simplify transactions and enhance customer experiences. Imagine being able to accept payments easily, whether in-person or online. Our services help streamline operations so you can focus on what matters most growing your business. Located at 505 Division St Elizabeth Nj 07201 in Elizabeth, NJ, we're here to provide personalized service and expert advice. Contact us at (908) 527-3749 or visit our website at Wakefern Fcu to learn more about how we can support your business banking needs!

Supporting Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking

If you're a business owner, our services extend into the commercial realm as well. We provide comprehensive business banking solutions, including merchant services and business loans. This means you can focus on growing your business while we take care of the financial details.

Credit Cards

Don't forget about our credit cards with rewards! These cards not only offer flexibility in spending but also allow you to earn points on every purchase. Use these rewards for travel, merchandise, or even cash back it's all about getting more out of your spending.

Digital Convenience

In today's fast-paced world, convenience is key. Our online and mobile banking platforms allow you to manage your accounts anytime, anywhere. With features like ATM access for withdrawals and balance checks, banking has never been easier. At Wakefern, we pride ourselves on being more than just a credit union; we are part of your community. Our dedicated team is ready to assist you with any questions or needs you may have. If you're in Elizabeth, NJ, don't hesitate to visit us at 505 Division St Elizabeth Nj 07201 or give us a call at (908) 527-3749. Join us today and discover how our comprehensive suite of financial services can empower you on your journey toward financial well-being!

Home Financing

Thinking about purchasing your first home or refinancing your current mortgage? Our mortgage loans and refinancing options provide personalized solutions that suit your financial situation. Whether you're a first-time buyer or looking to lower your monthly payments, we're here to guide you through each step.

Personal Banking

Our personal banking services are tailored to help individuals manage their everyday finances effectively. We offer checking and savings accounts that come with no monthly fees and easy access to your money. Imagine being able to easily track your spending while also setting aside funds for future goals all while enjoying our user-friendly online banking platform. For those considering a new car, our auto loans and vehicle financing options make it simple and affordable to get behind the wheel of your dream vehicle. With competitive rates and flexible terms, we can help you drive away happy.

Personal Loans

Sometimes life throws unexpected expenses your way. Our personal loans and debt consolidation options can help ease the burden by providing quick access to cash when you need it most. You can tackle those bills or fund that much-needed vacation without the stress of high-interest rates.

Digital & Online Banking

Key Services

Our online banking platform, accessible at https://wakefernfcu.org/, is designed to provide you with real-time access to your accounts. You can check balances, transfer funds, and pay bills with ease. Plus, our e-statements feature allows you to receive your account statements electronically saving paper and giving you quick access to your financial records. While we currently do not offer mobile payments or a dedicated mobile application, our online services are robust enough to meet all your banking needs. You can enjoy 24/7 online banking services that let you manage your finances whenever it suits you best.

Security and Ease of Use

Your security is our top priority. Although we do not support electronic signature authorization at this time, rest assured that our online banking platform uses advanced security measures to protect your personal information. We aim to make your experience as user-friendly as possible so that you can navigate effortlessly through our services.

Stay Connected

For those times when you need to send money quickly, while person-to-person transfers are not currently available, our team is always here to assist with any questions or needs regarding transactions. You can reach us at (908) 527-3749 during our lobby hours from 8:30 AM to 4:00 PM, Monday through Friday. With Wakefern, managing your money has never been easier or more secure. Explore all that we offer today by visiting us at https://wakefernfcu.org/!

Financial Strength

Growing Member Base

With 1,463 total share accounts, it's clear that more people are choosing to trust us with their finances every day. This growth underlines our commitment to providing reliable and member-focused services. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Wakefern is your trusted partner. Visit us at 505 Division St Elizabeth Nj 07201 or call (908) 527-3749 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.*

Lending Capacity

We understand that having access to funds is crucial for achieving your financial goals. That's why we offer $112 in used auto loans and have a total of $3,786,517 in loans and leases available for our members. This robust lending capacity allows us to support your ambitions whether it's buying a new car or managing personal finances.

Member-Focused Savings

We prioritize our members above all else. While many traditional banks focus on profit from non-member deposits, we ensure that our resources benefit you directly. Our commitment is reflected in our total undivided earnings of $2,327,568, which we reinvest into innovative banking tools and stronger lending options to serve you better.

Our Team Is Here for You

We also take pride in having 2 full-time employees and 0 part-time employees who are dedicated to serving you. Their expertise ensures that whenever you visit or call, you receive knowledgeable support tailored to your needs.

Strong Financial Health

With a net worth of $2,585,875, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $2,299 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This level of financial resilience means your assets are secure with us.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $1,668,620 in used vehicle loans and $1,172,506 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new model or a reliable used vehicle, we have flexible options tailored for you.

Credit Lines and Refinancing Options

For those looking for flexibility in borrowing, we provide total credit lines of $200,000. If you're considering refinancing existing loans or exploring eligibility options, our knowledgeable staff can help you navigate the process smoothly.

Get Started Today!

To learn more about our loan offerings and how they can help you reach your financial goals, feel free to visit us at 505 Division St, Elizabeth NJ 07201, or give us a call at 908-527-3749 during our lobby hours from 8:30 am to 4:00 pm Monday through Friday. 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 take the next step towards financial success!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We currently do not have Junior Lien 1-4 Family Residential Properties loans available, but our team is here to guide you through other financing solutions tailored to your needs.

Unsecured Credit Card Loans

Managing your finances effectively is essential. We also offer flexible terms on unsecured credit card loans; however, at this time, we do not have any unsecured credit card loans issued. This means there are opportunities for members to explore as we expand our offerings.

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 tailored to their financial needs.

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency and trustworthiness. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results for every user. - Real-Time Rate Comparisons: The platform features up-to-date loan rates from multiple institutions, helping users make informed decisions without delay. 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!" This testimonial underscores the effectiveness of using a reliable comparison tool to secure the best possible rates.

Take Action Today

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.*

Wakefern