This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the December-23, 2009 issue of Credit Union Times Magazine • Subscribe!
N.J. CU Offers 'Furlough Dough'
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."
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!