Your home for financial strength.
Uncertain times call for trusted measures. Reach and maintain financial stability with our diverse range of loans: Instant cash with a Home Equity Line of Credit, fixed terms with a Lifestyle Loan and a Platinum Mastercard® for peace of mind that’s always there when you need it. Turn financial challenges of today into a stronger tomorrow with Credit Union of New Jersey.
The freedom to prosper.
Ready when you are.
2.99% APR¹ for the first year with rates between 11.15% and 18.00% variable APR¹ after that.
Our Mastercard is more than a credit card. It's a tap-to-pay grocery run. It's an emergency fund. It's new back deck furniture and a last-minute birthday surprise. It's whatever you need right when you need it.
Go from someday to today's the day.
With our Lifestyle Loan, you can borrow up to $25,000, deposited into your account in as little as 48 hours³ with no collateral needed. If you want to love the life you live, then live the life you love—with low rates and affordable payments.
Unexpected Cash Emergency
A Lifestyle Loan is a far smarter (and cheaper) choice than turning to predatory payday lenders when you need cash. You’ll pay a fraction of the interest they’d end up charging you with no hidden fees.
The Debt Destroyer
Take care of that high-interest credit card debt (and the minimum monthly payments) once and for all. With a Lifestyle Loan, you can consolidate that debt into one manageable monthly payment.
Big-ticket Buying
Whether it’s time for a new computer and upgraded home office or a new refrigerator for your growing family, a Lifestyle Loan makes it possible without having to open another credit card from the big box stores.
Where you live can help you live better.
With a Home Equity Line of Credit (also called a HELOC) you have access from $5,000 to $500,000 cash for renovations, debt repayment, emergencies—whatever you need, whenever you need it. Best of all, you only accrue interest payments on the amount you've drawn from your line.
Understanding a Home Equity Line of Credit:
Chances are your home is worth more than it’s ever been. You can use the equity in it to open a line of credit, which offers instant money whenever you need it—up to $500,000!
Once you have that line of credit, you don’t pay or owe anything on it unless you actually use it (that includes interest charges). Your home secures the money, it’s up to you what to do next.
With rates significantly lower than a credit card and repayment up to 15 years, a HELOC can help you turn a financial corner without leaving the house.
Mastercard® Credit Card
Introductory rate of 2.99% APR (Annual Percentage Rate) applies to the first 12 billing cycles and is subject to credit approval. Thereafter, APR is 11.15% to 18.00% variable, based on creditworthiness. This rate will vary with the market based on the Prime Rate. Member eligibility required. A five-dollar ($5.00) donation to the CU of NJ Foundation qualifies you for membership if you’re not already eligible through an employer group. Membership deposit of $5.00 is required at all times in Main Share Savings Account.
Lifestyle Loans
Annual Percentage Rate (APR) effective as of March 17, 2022. Subject to credit approval. Financing available up to 60 months. Rates as low as 6.24% for 36 months, 7.24% for 48 months, and 8.24% for 60 months. Rates are based on credit worthiness. Payment amount is determined by APR and term. The loan payment is $30.54 per $1,000 borrowed at 6.24% for 36 months. The loan payment is $24.07 per $1,000 borrowed at 7.24% for 48 months. The loan payment is $20.40 per $1,000 borrowed at 8.24% for 60 months. Rates subject to change at any time. A five-dollar ($5.00) donation to the CU of NJ Foundation qualifies you for membership if you’re not already eligible through an employer group.
Each lifestyle loan closed during this promotional period will make no payments for 90 days. Accepting the terms of "no payment for 90 days offer" will extend the maturity of your loan for at least 90 days but less than 110 days. If accepting the delayed first payment, you will not be eligible for any other skipping/delaying your payment during this calendar year. Interest will accrue during this period. Loan amounts of up to $25,000 are available. Processing fee of $35 will apply. All loans are subject to credit approval.
Timeline of funds being deposited is determined by application method.
Home Equity Line of Credit
APR = Annual Percentage Rate. APR is subject to change without notice. The variable APR applicable to your account will be indexed to the Prime Rate as published in the Wall Street Journal. As of September 22, 2022, the current Prime Rate is 6.25%. The maximum combined loan to value for all liens is 80% to receive a rate as low as 6.74 APR and is 90% to receive a rate as low as 7.74% APR. APR that can apply is 18.00% or the maximum permitted by law, whichever is less. APR may vary depending on credit history. Homeowners insurance is required. Flood insurance is required where necessary. Member eligibility required. A five-dollar ($5.00) donation to the CU of NJ Foundation qualifies you for membership if you’re not already eligible through an employer group.