Great News!

Great News!
South Jersey Gas Employees Federal Credit Union's members will be voting to merge with our credit union.
The Board of Directors from South Jersey Gas Employees Federal Credit Union (SJGEFCU) approached us about merging with our credit union.  Both Credit Union Boards have approved the merger, along with our regulator the National Credit Union Administration. 

The merger is now subject to a vote by the South Jersey Gas Employees Federal Credit Union membership. SJGEFCU’s Board has called a special meeting of its members which is scheduled for March 25, 2020 at 5:15 PM in our Jersey Shore FCU Northfield branch. A notice has been mailed to SJGEFCU members that includes additional information about the merger, the voting procedures, a voting ballot, and a return envelope. 

Board President of SJGEFCU Gary Mazzone explained, "We initiated this merger because the credit union world is becoming increasingly regulated and technical, but most of all to provide our members with much needed banking services.”  

South Jersey Gas Employees Federal Credit Union was founded in 1954 and currently serves all South Jersey Industries companies' employees and members of their immediate family residing in the same household. Their credit union has over 900 members and close to $10 million in assets. 

President/CEO of Jersey Shore Federal Credit Union Jim Burns said, "We serve the same area of membership as South Jersey Gas Employees Federal Credit Union, and the additional branches would be a great benefit to their members. This merger would also give their members the much needed banking services that they currently do not have.” 

Following the merger, SJGEFCU members will have the opportunity to open a Jersey Shore checking account with a Debit/ATM Card that gives access to 85,000 surcharge-free ATMs worldwide, including local Wawa® and 7-Eleven® stores.  In addition, they can utilize online banking, mobile banking, mobile check deposit, online bill pay, and more. 

The data merger is expected to take place on May 29, 2020 and this will complete the merger. The SJGEFCU Folsom branch will remain open until Jersey Shore can secure a full-service location in Hammonton.