Choose Better Banking
Jersey Shore Federal Credit Union is a member-owned, not-for-profit financial cooperative. Our
main goal is to provide quality services to meet the financial needs of
our members. We offer great rates on savings and loans, free or low
cost financial products and friendly, personal service.
Who Can Join
doors are open to anyone who lives, works, worships, volunteers or
attends school in Atlantic or Cape May counties. In addition, family
members of existing members are also eligible to join the credit union. A
family member is defined as a brother, sister, parent, grandparent,
spouse, child or grandchild. To learn
more about joining the credit union, send us an e-mail
, call 609-646-3339 or stop by our one of our locations
Do you have questions about how a credit union works?
We put together this quick list to help you see how we're different from a bank.
|Decisions are made to earn a profit for the stockholders.
||Decisions are made to benefit the members. |
|The board of directors is paid.
||The board of directors is made up of volunteers. |
|Only stockholders can vote for the board of directors.
||Every member can vote for the board of directors. |
|Profit earned is returned to the stockholders in the form of dividends.
||Profit earned is returned to members in the forms of lower loan rates, better saving rates and low or no fee services. |
|Banks are for profit. They pay taxes to the government.
||Credit unions are not-for-profit. They are exempt from federal taxes. |
|Deposits are federally insured by the FDIC up to $250,000.
||Deposits are federally insured by the NCUA up to $250,000.|