Press Releases/Community Involvement

• WZBN TV-25's coverage of Blue Devil Branch!
• Credit Union of New Jersey Opening Branch at Ewing High School
• Credit Union of NJ and Ewing Public Education Foundation Partner
• Community Shred Fest
• Scholarships Available for High School Grads
• Credit Union of New Jersey Offers Furlough Loans to Assist State Employees
• Credit Union of New Jersey Holds Bike Drive to Benefit Boys & Girls Club
• Credit Union of New Jersey Launches New e-Deposit Product

Click to view WZBN TV-25's coverage of Blue Devil Branch!

Credit Union of New Jersey Opening Branch at Ewing High School

After a summer of preparation Credit Union of New Jersey will open their newest branch inside Ewing High School. The student-run branch is connected to the high school's Senior Experience program in conjunction with the new Financial Literacy program that Ewing High School started this year.

Credit Union of New Jersey's student-run branch will give the Ewing High School students a deeper understanding of the financial industry. This will help increase financial literacy and introduce the students to "real world" experiences. By learning the importance of personal finances at a young age, the students will set themselves up for financial success later in life.

A Ewing High School student will run the branch alongside a Credit Union of New Jersey employee. The student will be trained in many areas of the credit union - teller, marketing, and operations to name a few. This internship style experience will enable the student to learn the value of hard work, while helping other students.

The Blue Devil Branch will be open two days a week for the Ewing High School students, faculty and staff. During that time the students will be able to make deposits, withdrawals, and open accounts. The grand opening and ribbon cutting will be on October 26th.

President and CEO of Credit Union of New Jersey, Andrew L. Jaeger, states, "This is a unique hands-on experience for students to learn about the financial industry. Financial literacy is very important to us and we are excited to partner with the Ewing Board of Education to educate students."

Credit Union of NJ and Ewing Public Education Foundation Partner

Ewing, NJ - Credit Union of New Jersey (CUNJ) and the Ewing Public Education Foundation (EPEF) have partnered together to fund education initiatives in Ewing Township.

The EPEF is an independent, non-profit citizens' organization dedicated to innovative educational experiences for students and the community of Ewing Township. Their mission is to mobilize community support, concern, commitment and resources to help improve the quality of education in Ewing Township.

Anyone who lives, works, worships or attends school in Ewing Township can do their banking at Credit Union of New Jersey. CUNJ has 35,000 members, $225 million in assets and 93 employees. Each of Credit Union of New Jersey's 5 branch locations now accepts donations for the EPEF.

President of the Foundation, Wayne Staub states, "This partnership is an excellent example of how two different organizations can work together to meet their respective missions while also benefiting the community at large. Creatively matching corporate giving needs and the needs of the Ewing Public Schools is our fundraising strategy. We can not thank the Credit Union of New Jersey enough for giving us this opportunity and also for their continued support of EPEF and the entire Ewing Community."

"Financial education is a critical component of today's curriculum," states Andrew L. Jaeger, President/CEO of CUNJ. He continues, "By partnering with the Ewing Public Education Foundation, we can bring financial education to more Ewing Township students and residents, thereby improving their lives financially." ###

Community Shred Fest

Ewing, NJ -To help raise awareness and promote fraud prevention and identity theft, Credit Union of New Jersey is holding a free paper shredding event on Saturday, June 5th from 9am-12pm at the Credit Union of New Jersey Branch located at 1301 Parkway Avenue in Ewing.

Consumer fraud and identity theft are serious crimes and Credit Union of New Jersey is committed to helping the community stay safe. The shred event will give consumers the opportunity to have their confidential documents destroyed on site free of charge. Whether its personal papers, old bills, or small business documents, bring it on June 5, 2010 and dispose of it safely and securely. Consumers are able to watch the items being shredded right in front of them. Anyone is welcome to bring their items for shredding.

Scholarships Available for High School Grads

Ewing, N.J. Applications are now being accepted for the CUNJ College Scholarship Program. Credit Union of New Jersey offers this scholarship annually to members who are in their senior year of high school. Three $1,000 scholarships will be awarded to three credit union members for use at their chosen accredited educational institution. The application deadline date is March 5, 2010. Students interested in applying can download the scholarship application at www.CUNJ.org or may request information by calling 609-538-4061 x3410. This scholarship opportunity is only available for members of Credit Union of NJ.

Credit Union of New Jersey Offers Furlough Loans to Assist State Employees

Ewing, NJ – As the credit union for New Jersey's state employees, Credit Union of New Jersey wanted to do something to assist state employees affected by the mandatory furlough. A way for state employees to get their hands on "Furlough Dough" has been created with a new furlough loan product.

Credit Union of NJ is offering a furlough loan for all state employees impacted by the mandatory furlough. The loan is for two weeks of net pay, up to $2500, at a low fixed rate of 6.99% that does not require a credit check. State employees were impacted when it was announced by Governor Corzine that ten furlough days would be applied from May 2009 through June 2010. As a result, state employees may lose ten days of pay during that timeframe.

Credit Union of New Jersey CEO Andy Jaeger states, "This loan offer is a great example of the credit union difference. Our members look to their credit union to offer products and services they cannot find anywhere else and are unique to their employment situation. For CUNJ it's not about profit, it's about serving our members and being a solution to a problem. We are here to improve their financial lives."

Since the product was announced on November 1, 2009, over 1,300 members have applied for their share of "Furlough Dough." With the offer extended through November 30, the credit union expects to receive approximately 2,000 furlough loan applications. As members of the credit union, state employees are also eligible for financial education including free seminars on budgeting, debt consolidation, increasing credit scores and financial tools to help improve their finances.

Credit Union of New Jersey Holds Bike Drive to Benefit Boys & Girls Club

Ewing, NJ - Credit Union of New Jersey has partnered with the Boys & Girls Club to help raise funds for youth in our area. Used bikes are being collected at the CUNJ Ewing Location at 1301 Parkway Avenue. Collection times are this Friday, October 2 from 2pm to 6pm and this Saturday, October 3 from 9am to 12 Noon.

This is a great opportunity to clean out your garage, basement or shed. Donated bikes will be reconditioned and sold at the Boys & Girls Club Bike Exchange in the Capitol Plaza Shopping Center in Ewing. All profits from the sale of reconditioned bikes will go to the Boys & Girls Club of Trenton & Mercer County. All types of bikes are welcome from tricycles to adult bikes.

Donations are tax deductible and a receipt will be provided when you drop off your bike. Support a great organization, receive a tax deduction and remove some unused clutter from your home. Bring your bike to Credit Union of New Jersey this weekend.

Credit Union of New Jersey Launches New e-Deposit Product

Ewing, NJ – Beginning May 1, Credit Union of New Jersey members won't have to spend time standing in line to deposit checks anymore. That's because CUNJ will launch a new product, e-Deposit. e-Deposit is a simple, fast, and secure service that will allow members to deposit checks 24/7 from the comfort of their home or office. With this free service, members can electronically scan checks, from any location, just by using a computer, scanner and an internet connection. The deposit immediately posts to the member's account and it only takes about a minute to conduct the transaction.

Credit Union of New Jersey President and CEO, Andrew L. Jaeger, states, "Convenience is one of the key factors in banking. At CUNJ, we are continually striving to improve our members' experiences and meet our members' needs. This product allows members to make deposits on their own time without having to visit a branch. It saves time, it saves money and it's convenient, especially for members who live outside of our branch network. We believe our members will find this new service extremely valuable."

Members interested in getting started with e-Deposit can visit the CUNJ website, log into the secure, member-only area, and click on the "e-Deposit" button. Once the deposit has been made, members can print a receipt as proof of the transaction. To use e-Deposit, however, members must have a credit union checking account.