The National Credit Union Administration (NCUA) has granted a federal charter to the New Jersey State PBA Federal Credit Union, a new financial institution designed to serve the unique needs of law enforcement professionals and their families in New Jersey.
Headquartered in Woodbridge, New Jersey, the credit union is expected to commence operations later this year. This marks the first federal credit union chartered by the NCUA in 2024.
“Law enforcement professionals have distinct financial needs, and the New Jersey State PBA Federal Credit Union will develop affordable products and services tailored to meet them,” said NCUA Chairman Todd M. Harper. “In this way, the credit union will play a unique role in strengthening its community and supporting those who protect and serve.”
The credit union’s charter became effective on February 23, 2024. It will be led by CEO Keith Stone, who also serves as President & CEO of The Finest FCU in New York. Stone has a strong track record of serving law enforcement communities and is committed to providing members with personalized financial solutions.
The New Jersey State PBA Federal Credit Union aims to offer a comprehensive suite of financial products and services, including:
- Checking and savings accounts
- Loans for personal and professional needs
- Mortgages
- Credit cards
- Investment options
- Financial education resources
By focusing on the specific financial challenges faced by law enforcement officers, the credit union aims to empower its members to achieve their financial goals and secure their financial futures.
The New Jersey State PBA Federal Credit Union will be open to all law enforcement officers, retirees, and their families in the state of New Jersey. More information about membership eligibility and the credit union’s offerings will be available in the coming months as the institution prepares for its official launch.
