General Info

A Message from CEO Not one penny of insured savings has ever been lost by a member of a federally insured credit union. Credit Unions, including Essex County Teachers Federal Credit Union, focus on members, not profits. We remain a safe haven in this economic storm. As member-owned cooperatives, Credit Union balance sheets are not affected by the whims of the stock market. Essex County Teachers Federal Credit Union has a capital ratio of 9.5%, which is well above the 7% level at which our regulator considers a credit union well capitalized. Essex County Teachers Federal Credit Union has sound business practices, more than adequate insurance on your accounts, and is ready to serve your financial needs. While other lenders are tightening restrictions and cutting back on lending, we are continuing to offer loans and are increasing our marketing efforts to get the word out to our members that we are here to help! Credit unions are here to stay. Essex County Teachers Federal Credit Union is in its 73rd year of serving our member-owners. If you have any concerns please feel free to call 973-748-8847 and speak with one of our highly skilled Member Service Representatives about your insured accounts. Visit the Frequently Asked Questions on Insurance Coverage from our regulator, the National Credit Union Administration. For more informtion about the safety of credit unions, please read the Credit Union National Association's article.