Wakefern Federal Credit Union

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A short history of Wakefern FCU

Since its inception in 1962 the Wakefern Federal Credit Union has been serving its members in the Elizabeth, 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 Susan Jelen, the Wakefern FCU has grown its membership to over 1,315 with assets of more than $9,689,037. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (908) 527-3749 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Elizabeth, NJ.

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

Charter Number 15016
Address 505 Division St 
City Elizabeth 
State New Jersey 
Zip-Code 07201
Phone Number (908) 527-3749
Fax Number () -
Email Address: none
CEO/President Susan Jelen
Members 1,315 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 9,689,037 
Website https://wakefern.online-cu.com/ 

Compare Wakefern Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Seaport CU Seaport Federal Credit Union 5080 McLester St 07201 (908) 558-6124 No 0.80
Elizabeth Police Department E CU ELIZABETH POLICE DEPARTMENT FCU 1 POLICE PLZ 07201 (908) 558-2085 No 1.96
Elizabeth Postal Employees CU Elizabeth Postal Employeee CU 310 N Broad St 07207 (908) 289-5846 No 1.97
Union County Employees CU Union County Employees - Main Office 2 Broad St Fl 3 07201 (908) 527-4014 No 2.06
Elizabeth (n.j.) Firemen's CU Attic 411 Irvington Ave 07208 (908) 351-7770 No 2.16

Wakefern Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Wakefern 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 2.75 3.25 5.00 N/A
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 115 120 268 N/A
Rank Among All New Jersey Credit Unions N/A 14 19 40 N/A

Wakefern Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.02 N/A N/A N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 151 N/A N/A N/A
Rank Among All New Jersey Credit Unions N/A 38 N/A N/A N/A
Wakefern 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 13.000103409,420
Short-Term, Small Amount Loans (STS) (Federal CU Only) 28.00086,521
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.75019384,587
Used Vehicle Loans 3.25030319,062
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.000188,632
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.000214,468
TOTAL LOANS & LEASES 1631,222,690

Wakefern Federal Credit Union Real Estate Loans and Lines of Credit


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 188,63200
    b. 15 Years or less 0000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 188,63200


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

Wakefern 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 No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes