HACKENSACK, N.J. — A community organization has been working to establish a new community development credit union in New Jersey. If they succeed, the new CU will be the first in the state in 11 years, according to the New Jersey Credit Union League.

Bergen County Community Action Partnership has 40 years of history providing services and education to residents of Bergen County and, as part of its effort, has begun to organize a credit union. The new CU, which will be federally chartered, would be called 1st Bergen Federal Credit Union.

The New Jersey league has been working with the organization on its charter submission to the NCUA and has helped train the new CU's board and provided guidance in strategic planning.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 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.