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Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Credit Unions vs Payday Loans in New Jersey
127 credit unions are headquartered in New Jersey, with 946,334 members in total. 122 are federal credit unions and 5 are state-chartered; all are federally insured by the NCUA.
- Credit unions
- 127
- Members
- 946,334
- Federal
- 122
- State-chartered
- 5
- Members per 100 people
- 10
- CUs per 100k people
- 1.4
Credit unions vs payday loan stores in New Jersey
New Jersey has 127 credit unions headquartered here and 52 payday, installment and title loan stores. Local credit unions count 946,334 members — roughly 10 memberships per 100 residents.
Credit unions
127
1.4 per 100k residents
946,334 members
Payday & loan stores
52
0.6 per 100k residents
4 store chains
Biggest loan store chains in New Jersey: OneMain Financial (29), loanDepot (9), Mariner Finance (9), Oportun (5).
Borrowing $500 for 6 months in New Jersey
| Option | Payment | Total cost of borrowing |
|---|---|---|
| Installment loan at the New Jersey rate cap (30% APR) | $90.77/mo | $44.65 |
| Credit union PAL (28% APR) | $90.27/mo | $41.62 |
| Payday loan renewed every 2 weeks (typical $15 per $100, not available in New Jersey) | $75.00 every 2 weeks | $975.00 |
- Monthly payment at the New Jersey rate cap vs median monthly household income
- 1.0%
Example calculation with fixed monthly payments; the payday row shows typical out-of-state pricing for comparison. Actual rates and terms vary by lender.
What it means for a household in New Jersey
- Median household income
- $109,319
- A $400 emergency equals
- 1.3 days of income
- Households earning under $25,000
- 11.9%
- Residents below the poverty line
- 9.9%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for New Jersey are population-weighted and approximate. Hours of work are based on the median individual income.
Payday loans vs credit union PALs: the rules in New Jersey
| Payday loan in NJ | Credit union PAL | |
|---|---|---|
| Legal status | Not allowed — storefront payday loans are banned | Offered by many federal credit unions |
| Rate cap | Capped at 30% APR (Criminal Usury) | Up to 28% |
| Term | Usually 2–4 weeks, due in one payment | 1 to 12 months, in installments |
| Credit check | Usually none; a bank account and income are required | Membership required; payments can be reported to credit bureaus |
Payday rules: New Jersey law as summarized on our New Jersey payday page. PAL rules: National Credit Union Administration (NCUA) rules for federal credit unions (PAL I and PAL II); state-chartered credit unions may offer similar small loans.
Credit unions by city in New Jersey
Credit unions are headquartered in 82 cities and towns across New Jersey. Pick a city for addresses and websites, or scroll down for the smaller towns.
- Newark · 8
- Jersey City · 6
- Elizabeth · 5
- Bloomfield · 4
- Hoboken · 3
- New Brunswick · 3
- Trenton · 3
- Bayonne · 2
- Clifton · 2
- East Orange · 2
- Freehold · 2
- Princeton · 2
- Vineland · 2
- Brick · 1
- Irvington · 1
- Monroe Township · 1
- Passaic · 1
- Paterson · 1
- Perth Amboy · 1
- Plainfield · 1
- Somerset · 1
- Toms River · 1
All credit unions in New Jersey
| Credit union | Headquarters | Members | Website |
|---|---|---|---|
| Affinity Federal Credit UnionFederal | Basking Ridge | 245,563 | affinityfcu.com |
| First Harvest Federal Credit UnionFederal | Deptford | 50,216 | firstharvestcu.com |
| Credit Union of New Jersey, AFederal | Ewing | 39,068 | cunj.org |
| Garden Savings Federal Credit UnionFederal | Parsippany | 30,558 | gardensavings.org |
| Financial Resources Federal Credit UnionFederal | Branchburg | 30,297 | myfinancialresources.org |
| North Jersey Federal Credit UnionFederal | Totowa | 27,820 | njfcu.org |
| Edifi Federal Credit UnionFederal | Rancocas | 25,426 | edificu.com |
| Union Building Trades Federal Credit UnionFederal | Parsippany | 24,437 | — |
| Merck Employees Federal Credit UnionFederal | Rahway | 23,992 | merckefcu.com |
| Greater Alliance Federal Credit UnionFederal | Paramus | 21,559 | greateralliance.org |
| First Atlantic Federal Credit UnionFederal | Eatontown | 20,017 | fafcu.com |
| Picatinny Federal Credit UnionFederal | Dover | 19,855 | picacreditunion.com |
| Proponent Federal Credit UnionFederal | Nutley | 18,623 | profcu.org |
| Liberty Savings Federal Credit UnionFederal | Jersey City | 17,859 | lsfcu.org |
| United Teletech Financial Federal Credit UnionFederal | Tinton Falls | 17,702 | utfinancial.org |
| Jersey Shore Federal Credit UnionFederal | Northfield | 16,123 | jerseyshorefcu.org |
| Healthcare Employees Federal Credit UnionFederal | Princeton | 14,802 | hefcu.com |
| The Atlantic Federal Credit UnionFederal | Kenilworth | 14,720 | theatlanticfcu.com |
| First Financial Federal Credit UnionFederal | Freehold | 14,455 | firstffcu.com |
| Members 1st of Nj Federal Credit UnionFederal | Vineland | 13,043 | membersonenj.org |
| Xcel Federal Credit UnionFederal | Bloomfield | 12,009 | xcelfcu.org |
| Campbell Federal Credit UnionFederal | Maple Shade | 10,700 | campbellcu.org |
| Bay Atlantic Federal Credit UnionFederal | Vineland | 9,139 | bayatlanticfcu.org |
| County Excellence Federal Credit UnionFederal | Roselle Park | 8,701 | countyexfcu.org |
| Princeton Federal Credit UnionFederal | Princeton | 8,701 | princetonfcu.org |
| Riegel Federal Credit UnionFederal | Milford | 8,137 | riegelfcu.org |
| Deepwater Industries Federal Credit UnionFederal | Deepwater | 7,745 | deepwaterind.org |
| Raritan Bay Federal Credit UnionFederal | Sayreville | 7,432 | rbfcu.coop |
| New Jersey Law and Public Safety Credit UnionState-chartered | Trenton | 7,421 | njlpscu.org |
| Bridgeton Onized Federal Credit UnionFederal | Cedarville | 7,274 | bofcu.com |
| Rutgers Federal Credit UnionFederal | New Brunswick | 6,470 | rutgersfcu.org |
| Advanced Financial Federal Credit UnionFederal | New Providence | 6,393 | advfinfcu.com |
| Irco Community Federal Credit UnionFederal | Phillipsburg | 6,246 | ircocu.com |
| Central Jersey Federal Credit UnionFederal | Woodbridge | 5,939 | cjfcu.org |
| Seaport Federal Credit UnionFederal | Elizabeth | 5,698 | seaportfcu.org |
| Atlantic Health Employees Federal Credit UnionFederal | Summit | 5,434 | ahefcu.org |
| Motion Federal Credit UnionFederal | Linden | 5,021 | motionfcu.org |
| Jersey Central Federal Credit UnionFederal | Cranford | 4,031 | jerseycentralfcu.com |
| Public Service Federal Credit UnionFederal | Middlesex | 3,926 | psfcunj.com |
| Atlantic City Electric Co Emp Federal Credit UnionFederal | Mays Landing | 3,894 | acecefcu.org |
| Mercer County Nj Teachers Federal Credit UnionFederal | Hamilton Square | 3,703 | mcnjtfcu.org |
| Ridgedale Federal Credit UnionFederal | East Hanover | 3,703 | ridgedalefcu.org |
| Nova Ua Federal Credit UnionFederal | Clifton | 3,696 | novafcu.com |
| B-M S Federal Credit UnionFederal | New Brunswick | 3,591 | bmsfcu.org |
| Essex County Teachers Federal Credit UnionFederal | Bloomfield | 3,542 | ectcu.org |
| New Community Federal Credit UnionFederal | Newark | 3,531 | newcommunityfcu.org |
| Fort Billings Federal Credit UnionFederal | Paulsboro | 3,450 | fortbillings.org |
| Garden State Federal Credit UnionFederal | Moorestown | 3,217 | gardenstatefcu.org |
| New Brunswick Postal Federal Credit UnionFederal | New Brunswick | 3,084 | nbpostalfcu.org |
| Central Jersey Police & Fire Federal Credit UnionFederal | Hamilton | 2,937 | cjpolicefirefcu.org |
| Southern Middlesex Co Tchrs Federal Credit UnionFederal | East Brunswick | 2,887 | myfavoritecu.com |
| Community Financial Services Federal Credit UnionFederal | Roselle | 2,718 | cfsfcu.com |
| Federal Employees Newark Federal Credit UnionFederal | Newark | 2,662 | fenfcu.com |
| H. E. Telephone Federal Credit UnionFederal | Rochelle Park | 2,660 | hetelfcu.org |
| Hamilton Horizons Federal Credit UnionFederal | Hamilton | 2,630 | hamiltonhorizons.org |
| N.J.T. Employees Federal Credit UnionFederal | Waldwick | 2,517 | — |
| Nj Gateway Federal Credit UnionFederal | Dayton | 2,368 | njgatewayfcu.org |
| East Orange Va Hospital Federal Credit UnionFederal | East Orange | 2,183 | eovahfcu.com |
| United Poles Federal Credit UnionFederal | Perth Amboy | 2,164 | unitedpolesfcu.com |
| Ocnac #1 Federal Credit UnionFederal | Jersey City | 2,127 | ocnac.com |
| Erie Lackawanna Railroad Co Emp Federal Credit UnionFederal | Hoboken | 1,862 | — |
| Manville Area Federal Credit UnionFederal | Manville | 1,862 | manville.org |
| Lakehurst Naval Federal Credit UnionFederal | Joint Base Mdl | 1,821 | lnfcu.net |
| Postal Employees Credit UnionState-chartered | Yardville | 1,797 | pecu24.org |
| 1st Bergen Federal Credit UnionFederal | Hackensack | 1,714 | 1stbergen.com |
| L'Oreal Usa Federal Credit UnionFederal | Clark | 1,673 | lorealusafcu.org |
| Peoples Transport Federal Credit UnionFederal | Mount Ephraim | 1,624 | peoplestransportfcu.com |
| Members Connect Federal Credit UnionFederal | Madison | 1,619 | fdufcu.org |
| Hoboken School Employees Federal Credit UnionFederal | Hoboken | 1,512 | hsefcu.coop |
| Division 819 Transit Employees Credit UnionState-chartered | Irvington | 1,502 | d819tecu.org |
| Path Federal Credit UnionFederal | Jersey City | 1,443 | pathfcu.com |
| Saker Shop Rite Federal Credit UnionFederal | Holmdel | 1,438 | shoprite.com |
| Vah Lyons Employees Federal Credit UnionFederal | Lyons | 1,408 | vahlyonsefcu.com |
| Harrison Police & Firemen's Federal Credit UnionFederal | Harrison | 1,355 | hpffcu.org |
| P S E Federal Credit UnionFederal | Somerset | 1,321 | — |
| Bloomfield Fire and Police Federal Credit UnionFederal | Bloomfield | 1,291 | bfpfcu.com |
| 1166 Federal Credit UnionFederal | Swedesboro | 1,276 | 1166fcu.org |
| Jersey City Firemen Federal Credit UnionFederal | Jersey City | 1,248 | — |
| Wakefern Federal Credit UnionFederal | Elizabeth | 1,224 | wakefernfcu.org |
| First Point Federal Credit UnionFederal | Hamilton | 1,186 | firstpointfcu.com |
| Newark Police Federal Credit UnionFederal | Newark | 1,164 | — |
| Mid-State Federal Credit UnionFederal | Carteret | 1,139 | midstatefcu.org |
| Elizabeth (N.J.) Firemen's Federal Credit UnionFederal | Elizabeth | 1,127 | enjffcu.org |
| Energy People Federal Credit UnionFederal | Medford | 1,082 | energypeoplefcu.com |
| New Jersey State Pba Federal Credit UnionFederal | Woodbridge | 1,074 | njspbafcu.org |
| Jersey City Police Federal Credit UnionFederal | Jersey City | 1,020 | — |
| Bayonne School Employees Federal Credit UnionFederal | Bayonne | 1,012 | — |
| Monmouth County Postal Employees Credit UnionState-chartered | Red Bank | 1,002 | monmouthpostalcu.org |
| Union County Employees Federal Credit UnionFederal | Elizabeth | 1,001 | ucefcu.org |
| Teaneck Federal Credit UnionFederal | Teaneck | 976 | teaneckfcu.com |
| Public Service Plaza Federal Credit UnionFederal | Newark | 949 | — |
| Newark Post Office Employees Credit UnionState-chartered | Newark | 942 | — |
| P.S.E. & G. Nuclear Employees Federal Credit UnionFederal | Hancocks Bridge | 936 | psegnuclearcreditunion.com |
| Linden Nj Police & Firemen Federal Credit UnionFederal | Linden | 931 | — |
| Local 1233 Federal Credit UnionFederal | Newark | 902 | local1233fcu.org |
| Parlin Dupont Employees Federal Credit UnionFederal | Sayreville | 838 | parlindupontfcu.com |
| East Orange Firemens Federal Credit UnionFederal | Bloomfield | 804 | eoffcu.com |
| West Hudson Teachers Federal Credit UnionFederal | North Arlington | 795 | — |
| Hmc (Nj) Federal Credit UnionFederal | Flemington | 790 | hmcfederalcreditunion.org |
| Trenton Nj Firemen Federal Credit UnionFederal | Trenton | 785 | — |
| New Jersey Community Federal Credit UnionFederal | Moorestown | 777 | newjerseycommunityfcu.com |
| Hoboken N J Police Federal Credit UnionFederal | Hoboken | 776 | — |
| Bayonne City Employees Federal Credit UnionFederal | Bayonne | 706 | — |
| Kearny Municipal Employees Federal Credit UnionFederal | Kearny | 699 | — |
| Goya Foods Employees Federal Credit UnionFederal | Jersey City | 642 | — |
| I.L.A. Local 1235 Federal Credit UnionFederal | Newark | 640 | ila1235fcu.com |
| Public Service H C Employees Federal Credit UnionFederal | Brick | 614 | — |
| Passaic Police Federal Credit UnionFederal | Passaic | 613 | — |
| Paterson Police Federal Credit UnionFederal | Paterson | 536 | patersonpolicefcu.com |
| Fort Dix Federal Credit UnionFederal | Joint Base Mdl | 533 | ftdixfcu.com |
| Gaf Linden Employees Federal Credit UnionFederal | Parsippany | 477 | gardensavings.org |
| Maun Federal Credit UnionFederal | Kendall Park | 441 | maunfcu.org |
| Plainfield Police & Firemen's Federal Credit UnionFederal | Plainfield | 435 | — |
| Trenton Teachers Federal Credit UnionFederal | Trenton | 396 | trentonea.org |
| Metrex Federal Credit UnionFederal | Kenilworth | 395 | — |
| Ocean County Employees Federal Credit UnionFederal | Toms River | 348 | — |
| Elizabeth Police Department E Federal Credit UnionFederal | Elizabeth | 280 | — |
| Atlantic City Police Federal Credit UnionFederal | Northfield | 253 | — |
| Clifton Nj Postal Employees Federal Credit UnionFederal | Clifton | 244 | — |
| Public Service E.D. Trenton Federal Credit UnionFederal | Mercerville | 241 | — |
| Israel Memorial A M E Federal Credit UnionFederal | Newark | 210 | israelmemorialamechurch.com |
| Heard A.M.E. Federal Credit UnionFederal | Roselle | 189 | — |
| Messiah Baptist Church Federal Credit UnionFederal | East Orange | 167 | messiahmovement.org |
| Camden Firemen's Federal Credit UnionFederal | Moorestown | 143 | — |
| N. J. Latvian Federal Credit UnionFederal | Freehold | 130 | njlatviancreditunion.com |
| Criers Federal Credit UnionFederal | Monroe Township | 105 | — |
| Terminals Federal Credit UnionFederal | Carteret | 83 | — |
Credit unions in smaller towns of New Jersey
Other cities and towns in New Jersey where credit unions are headquartered, and how many there are in each.
- Basking Ridge 1
- Branchburg 1
- Carteret 2
- Cedarville 1
- Clark 1
- Cranford 1
- Dayton 1
- Deepwater 1
- Deptford 1
- Dover 1
- East Brunswick 1
- East Hanover 1
- Eatontown 1
- Ewing 1
- Flemington 1
- Hackensack 1
- Hamilton 3
- Hamilton Square 1
- Hancocks Bridge 1
- Harrison 1
- Holmdel 1
- Joint Base Mdl 2
- Kearny 1
- Kendall Park 1
- Kenilworth 2
- Linden 2
- Lyons 1
- Madison 1
- Manville 1
- Maple Shade 1
- Mays Landing 1
- Medford 1
- Mercerville 1
- Middlesex 1
- Milford 1
- Moorestown 3
- Mount Ephraim 1
- New Providence 1
- North Arlington 1
- Northfield 2
- Nutley 1
- Paramus 1
- Parsippany 3
- Paulsboro 1
- Phillipsburg 1
- Rahway 1
- Rancocas 1
- Red Bank 1
- Rochelle Park 1
- Roselle 2
- Roselle Park 1
- Sayreville 2
- Summit 1
- Swedesboro 1
- Teaneck 1
- Tinton Falls 1
- Totowa 1
- Waldwick 1
- Woodbridge 2
- Yardville 1
Credit unions are listed in the city of their headquarters; many have branches in other cities and accept members from across the state or the country, so members per 100 people is an approximation.