Montclair Postal Employees Credit Union

Rated star_normalstar_normalstar_normalstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 0 out of 5

P O Box 535, West Caldwell, NJ 07007

Website

(973) 227-8881

Data Source: NCUA, March 31, 2016


Montclair Postal Employees Credit Union was founded in 1935. Headquartered in West Caldwell, New Jersey, Montclair Postal Employees Credit Union is a state chartered and federally insured credit union, being chartered in New Jersey and insured through the National Credit Union Share Insurance Fund (NCUSIF). Montclair Postal Employees Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of March 31, 2016, Montclair Postal Employees Credit Union services 898 members through its 1 full-time and 2 part-time employees. It has $6,678,937.00 of total assets and $1,269,151.00 of net worth. Based on its asset size and net worth ratio, Montclair Postal Employees Credit Union is classified as a Well Capitalized small credit union.

Montclair Postal Employees Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Montclair Postal Employees Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

Montclair Postal Employees Credit Union’s membership type is defined as State chartered natural person credit union. If you are interested in joining Montclair Postal Employees Credit Union, please visit their website or call (973) 227-8881 for details. If you are a current member of Montclair Postal Employees Credit Union or have used any of their services or products, please rate them and leave your comments.

The following two tables list the deplitory and loan interest rates of Montclair Postal Employees Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in New Jersey and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of New Jersey
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.5000
0.1000
0.1200
Money Market
0.0000
0.2000
0.2500
Certificate Deplit
1.0000
0.5950
0.5500
IRA
0.0000
0.6000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of New Jersey
National Median Rates
Credit Cards
n/a
10.4150
9.9900
Unsecured Line of Credits
11.0000
11.0000
10.9900
Short-term Small Amount
n/a
27.9600
25.0000
Student Loans
n/a
6.0000
6.0000
New Car Loans
7.0000
4.0000
3.4300
Used Car Loans
8.0000
4.9900
4.5400
1st Mortgage Real Estates
n/a
4.1400
4.2400
Other Real Estates
n/a
4.5800
4.7500

The table below lists the electronic banking services prlided by Montclair Postal Employees Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
No
New Loan Application
No
Share Draft Orders
No
No
New Share Account
No
Bill Payment
No
No
e-Statements
No
Loan Payments
No
Merchandise Purchase
No
Account Balance Inquiry
No
No
Merchant Processing Service
No
View Account History
No
No
No
Download Account History
No
No

.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
No
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Montclair Postal Employees Credit Union
Main Office

1129 Bloomfield Ave Ste 200
West Caldwell, NJ 07006
Phone:973-227-8881

Montclair Postal Employees Cu
1129 Bloomfield Ave
West Caldwell, NJ 07006
Phone:973-227-8881

(973) 808-7434

No Review

  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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