Hoboken School Employees Federal Credit Union

Payroll Deduction/ Direct Deposit

Our members can take advantage of the convenience of having payroll deductions withheld from their pay in prearranged amounts to deposit to their accounts of pay loans. Presently, we have such arrangements through the Hoboken Board of Education, the City of Hoboken and the Hoboken Parking Authority.

In addition, a number of larger employers offer their employees the option to have a deduction or a complete direct deposit sent in the form of an Automated Clearing House (ACH) credit, and we can also accept funds sent in this way.

Any pension check, government benefit check, or tax refund check can be directly deposited as well. Just designate our ABA#221273140 and your primary account number, and save yourself a step!

VISA Debit Card

A free Visa Check Card is available to our checking account holders. It can be used at any merchant that takes VISA to make a purchase without writing a check. It can also give you access to cash at any ATM machine with the VISA logo. Swipe and sign transactions are free to you, as are the first 5 ATM withdrawals each month. You can also use it to make debit purchases over the internet.

CU@home

PC banking is a great way to keep track of your accounts, and it's free for the asking. Contact us to sign up for this service, or fill out the online appliation and you'll soon be accessing your account at any time of the day or night, as close as you PC!

Online Bill Payer

You can set up all of your one time and recurring bills to be paid from your checking account with our online bill payer service. Set them up, and then forget them! You'll wonder how you ever got along without this convenient, FREE service.

ART Line: 201-659-BOLD

Our automated teller line gives you telephone access to your account 24 hours a day, 7 days a week. You can use it to check on share and loan balances, CD maturities, year to date information and more. You can also make a loan payment from shares or move funds between your various account suffixes. A copy of our guide to ART codes will help you start using the system like a pro in no time. They are available at the office or for a printer version.

Insurance Coverage

NCUA Share Insurance
All members are insured up to $100,000.00 and are separately insured for the same amount for IRA accounts. Have more than that? NCUA offers a number of ownership options for accounts that can extend this coverage many times over. If you have any questions about how this coverage works, we'll be glad to help!

Life Savings/ Loan Protection Coverage
The credit union provides coverage automatically and free of charge to our members in two categories:

Life savings insurance matches your primary savings balance dollar for dollar up to maximum benefit of $4000.00 per member. Some reductions may apply depending on your age at the time for the deposit, but once you have qualified for a given amount of coverage, you cannot lose it no matter what your age as long as the funds remain in the account. We have a brochure full of details that can answer any questions you may have.

Loan protection insurance covers up to $20,000.00 of member's regular loans in the event of the borrower's death or total and permanent disability. In addition, up to $20,000.00 in credit card debt is separately insured for death. Loan protection coverage ceases at age 70.

Gap Insurance
Low cost GAP (Guaranteed Asset Protection) insurance is available through the credit union for our auto borrowers. GAP insurance protects the buyer of a new or used auto against financial loss when a car is stolen or in a total loss. Regular auto insurance will only cover the book value of the car less your deductible, but GAP coverage will pick up any shortfall between the value of the car and the amount still owed, up to $1000.00 of you insurance deductible, AND will pay $1000.00 toward your down payment on a replacement car. Auto dealers frequently charge several times as much for such a coverage... use your credit union advantage to buy it at a fraction of the cost.

Miscellaneous Services

Visa Travelers Checks
These can be purchased by our members free of service charge.

Visa Gift Cards
These can be purchased for small fee in any amount desired and can be recharged.

Personal Money Orders
These can still be purchased by our members for an unbelievable $0.50 each.

Notary Service
We will notarize our members signature on documents free of charge.

MVCP: Motor Vehicle Certification Program
Credit union members can take advantage of this free, no obligation service for haggle free car purchasing by calling 1-800-345-0990. Identify yourself as a member of our credit union and let them know what type car you are interested it. If you can do better than the pre-negotiated price, go ahead... if not, save yourself the hassle by using the program.

New/Used Auto Guides
These are available for your reference at our office to help guide you as you shop for a new or used car or make plans to sell or trade in your own.

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