State employees impacted by a mandatory 10 furlough days from May 2009 through June 2010 can now turn to Credit Union of New Jersey for help.
The $275 million Ewing, N.J.-based credit union has unveiled a new furlough loan product dubbed "Furlough Dough."
The loan is for two weeks of net pay, up to $2,500, at a fixed APR of 6.99% that does not require a credit check.
Credit Union of New Jersey CEO Andy Jaeger said, "This loan offer is a great example of the credit union difference. Our members look to their credit union to offer products and services they cannot find anywhere else and are unique to their employment situation. For CUNJ, it's not about profit, it's about serving our members and being a solution to a problem. We are here to improve their financial lives."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.