Essex County Teachers Federal Credit Union

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A short history of Essex County Teachers FCU

Since its inception in 1936 the Essex County Teachers Federal Credit Union has been serving its members in the Bloomfield, New Jersey area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Robert Steeves, the Essex County Teachers FCU has grown its membership to over 2,649 with assets of more than $14,980,987. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (973) 748-8847 or email them at info@ectcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Bloomfield, NJ.

General Information For Essex County Teachers FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 1131
Address 125 Franklin St. 
City Bloomfield 
State New Jersey 
Zip-Code 07003
Phone Number (973) 748-8847
Fax Number (973) 748-8846
Email Address: info@ectcu.org
CEO/President Robert Steeves
Members 2,649 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 14,980,987 
Website http://www.ectcu.org 

Compare Essex County Teachers Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Bloomfield Fire And Police CU Fire Headquarters 375 Franklin St 07003 (973) 680-4123 No 1.19
Xcel CU XCEL Federal Credit Union 1460 Broad St 07003 (973) 275-9235 No 2.14
West Orange Municipal CU Main office 342 Main St 07052 (973) 736-1929 No 2.65
Proponent CU Branch 10 536 Washington Ave 07110 (973) 338-1133 No 2.72
West Hudson Teachers CU whtfcu 180 Prospect Ave 07031 (201) 991-0845 No 2.98

Essex County Teachers Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Essex County Teachers Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 3.68 6.26 3.63 4.87
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 234 469 86 213
Rank Among All New Jersey Credit Unions N/A 32 61 9 30

Essex County Teachers Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.05 0.36 0.10
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 142 292 283
Rank Among All New Jersey Credit Unions 7 31 21 47 37
Essex County Teachers Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 11.7504151,696,947
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.68049847,868
Used Vehicle Loans 6.2602022,390,010
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.63091,362,903
Total Other Real Estate Loans/Lines of Credit 4.87028865,690
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.80011271,867
TOTAL LOANS & LEASES 7147,435,285

Essex County Teachers Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 4677,17800
    b. 15 Years or less 2179,99400
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 150,54800
Adjustable Rate > 1 yr 2455,18300

OTHER REAL ESTATE

Closed-End Fixed Rate 28865,69000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 372,228,59300

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Essex County Teachers Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes