NCUA Charters N.J. CU

ALEXANDRIA, Va. — The NCUA chartered 1st Bergen Federal Credit Union, which will be open for anyone of who lives, works or worships in Bergen County, N.J.The new credit union, which is scheduled to open in March, is being organized by Bergen County Community Action Partnership Inc. in Hackensack, the county seat. Bergen County is in the northern part of the state.Initially the credit union plans to offer regular shares, holiday and vacation club accounts, share certificates, personal loans and new and used automobile loans. It will also provide check cashing services, money orders, traveler’s checks and cashier’s checks. By 2012, the credit union plans to offer ATM services, debit and credit cards, wire transfers and small business loans.“This new federally chartered credit union is a very positive step by consumers in Bergen County to enhance their choices in financial services. As a product of an impressive array of community groups, the credit union will provide a cooperative alternative to low and moderate income members. NCUA is pleased to grant this charter and encourage this and other similar efforts across the nation aimed at improving access to affordable financial services,” NCUA Chairman Michael E. Fryzel said in a statement.

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