I'm looking to get a mortgage and auto loan in the near future in the more affluent parts of Monmouth County (Fair Haven, Rumson, etc). I have always banked with our local Wells Fargo branch because of my parents, but I'm looking to get away from the old school banks. Are there any good local credit unions? I have only heard of Affinity or United Teletech but know little about them.

My savings are on Ally but I still use checking with Wells.

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N0_ThisIsPATRICK t1_j8tcayr wrote on February 16, 2023 at 8:26 PM

#1,834,476

I can't offer any firsthand experience on how good they are, but I know that First Atlantic Federal Credit Union has a few branches in Monmouth County.

BF_2 t1_j8u1om7 wrote on February 16, 2023 at 11:07 PM

#1,836,258

There's one called First Financial, but I don't know much about them.

thewetsockdevil t1_j8vaprv wrote on February 17, 2023 at 4:57 AM

#1,839,783

I use First Financial. Their rates are pretty good, and they have a branch in Freehold.

TriggerTough t1_j8xtkjw wrote on February 17, 2023 at 6:45 PM

#1,846,693

So why a credit union?

The funny thing is I have 9 guys managing my portfolio but some of them use credit unions and not BOA/Merrill where I'm invested at.

I should probably ask them but just wondering why you're going that route?

midnight_thunder t1_j8y118f wrote on February 17, 2023 at 7:33 PM

#1,847,294

Replying to TriggerTough (#1,846,693)

Credit unions are owned by the members (customers) of the credit union, and are not-for-profit. I’m a member of a credit union. I pay no fees for my bank accounts, and get (somewhat) not-insignificant dividends for both my checking and savings. Also, my mortgage is through the credit union, and was a MUCH better deal than any other banks in the area could provide (mortgage brokers regularly refer people to the credit union I use for refi’s). Also, they have pretty competitive CD promotions from time to time.

I will never go back to BoA.