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News Now

CU System
N.J. county deposits 100K at newest CUs opening
HACKENSACK, N.J. (6/9/09)--New Jersey's newest credit union, lst Bergen FCU in Hackensack, had as one of its first depositors Bergen County, which deposited $100,000 at the credit union's official grand opening. Bergen County Executive Dennis McNerney and members of the Freehold Board made the presentation (U.S. Fed News June 4). McNerney told the group that in today's tough economic times, "credit unions are the answer, bringing low-cost, high quality banking services to our low to moderate income neighbors." lst Bergen FCU is the first federal credit union to open in New Jersey in more than two decades. It was chartered Jan. 14 to serve people who live, work, worship, volunteer and attend school, businesses and other legal entities in Bergen County. It was organized by the Bergen County Community Action Partnership Inc., the county's anti-poverty agency (News Now Jan. 21). Among those present at the grand opening was Paul Gentile, president of the New Jersey Credit Union League (The Weekly Exchange (June 1).


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