Federal Employees Newark Credit Union

About Federal Employees Newark Credit Union

Federal Employees Newark Credit Union Location

970 Broad Street, Room 132
Newark, NJ 07102

Phone: (973) 622-6028
Website: WWW.FENFCU.COM
Routing/Transit Number: Not Available

Federal Employees Newark Credit Union Information

Federal Employees Newark Credit Union of Newark, NJ is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 2543 members and assets of $13,584,048, as compared to the national average of $93 million dollars of assets per credit union. Federal Employees Newark Credit Union, first opened in 1942 and has been in operation since then. Additionally, Federal Employees Newark Credit Union has 4 full time employees and 4 part time employees, or 317.875 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Federal Employees Newark Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Federal Employees Newark Credit Union is a not-for-profit, cooperative, tax-exempt organization.