LOAN AND SAVING RATES

Loan and Savings Rates

Walk-In Appointments Available | Member of NCUA | Since 1954

Walk-In Appointments Available
Member of NCUA
Since 1954

Trust Our Decades of Experience in Financial Services

Public Service Plaza Federal Credit Union is your trusted financial institution, serving area customers for more than 6 decades.

We offer savings accounts, CD's ($1,000.00 minimum) and a variety of loans that will help you secure a car and many other needs.

Membership Eligible

If you are an employee or an immediate family member of an employee within Public Service Enterprise Group, you may be eligible to join Public Service Plaza Federal Credit Union. Please call 973-430-7923 for details.

Once a member, always a member. Once you join our Credit Union, you will have access to products and services forever, even if you change jobs, retire or move.
Life Insurance
Dividend Rate and APY (Annual Percentage Yield)

Account balances $100 - $99,999.99 APR will be .75%
Account balances $100,000 and above APR will be 1.00%

The dividend rate and APY may change every six month period, June and December,  as determined by the credit union's Board of Directors.

CD's

6 Month - 4.25%
1 year - 3.75%

Compounding

Dividends will be compounded semi-annual and credited semi-annual. The dividend period is six months. The beginning of the date of the first dividend period of the calendar is January 1st and the ending date is June 30th. The dividend declaration date is the third Tuesday in the last month of the period and for example will be the third Tuesday in June.

Effects of Closing an Account

If you close your account before dividends are paid, you will not be paid the accrued dividends for the period.

Minimum Balance Requirements

To open an account, you must have a minimum amount of $5.00. To earn the APY disclosed, you must maintain a minimum daily average balance of $101 for each day of the dividend period. You will not earn dividends for any day that your balance drops below $101.

 When Dividends are Calculated

Dividends are calculated using the daily balance method. This method applies a daily periodic rate to the balance in the account each day.

 When Dividends Begin to Accrue

Dividends begin to accrue on cash and non-cash deposits, such as checks, on the business day you make your deposit.


Auto Loans

Get Personal Loans, Auto Loans, and More


  • Personal Loans up to $15,000 with a credit score of at least 700
  • New auto loans are available from 3 years to 6 years
  • Used auto loans are available from 3 years to 5 years
  • Personal loans are available for 6 months, 1 year, 2 years, 3 years, and 4 years
  • Cosigned loans are available for 3 years
  • Anytime loans up to $2,000 with no credit check required

Loan Services

Call Us Now to Schedule Your Appointment

Call 973-430-7317 today to set up your appointment with our team. We also accept walk-in appointments.

Come see us in the lobby at 80 Park Plaza and pick up your FREE calendar. They're available every year.

Loan Application Instructions

A $15.00 application fee is required for all loans. Please complete the following instructions:
  • Complete entire application
  • Complete information where indicated by X on all other forms
  • Provide signature on every form
  • Provide current copies of your last two pay periods
  • Provide copy of any additional income to be considered
  • 10% of the loan amount is required to be held in your Shares account
For a car loan 1% of the loan amount is required to be held in your Shares account

Loan Rates - Monthly

TYPE OF LOAN APR Per $ 1000
Personal
6 Months 6.00% $169.55
1 Year 8.00% $86.97
18 Months 8.50% $59.36
2 Years 9.00% $45.68
30 Months 9.50% $37.58
3 Years 10.00% $32.27
42 Months 10.50% $28.55
4 Years 11.00% $25.84
Co Signed
3 Years 15.00% $34.69
New Auto
3 Years 3.50% $29.31
4 Years 4.00% $22.59
5 Years 4.50% $18.65
6 Years 5.00% $16.11
Used Auto
3 Years 5.50% $30.21
4 Years 5.50% $23.27
5 Years 5.50% $19.11
Pledge Of Shares
3 Years 3.50% $29.31
4 Years 3.50% $22.36
5 Years 3.50% $18.20

    Anytime Loans (12 months- UP to $2000)

    1 year                                                                               13.00%                                $89.33

Effective Date: 01/01/2024


FEES

When a member requests additional services, a fee will be charged to offset expense to the Credit Union.

CHARGES                                                                                         FEE

Returned Check, NSF                                                               $35.00
15 Withdrawal in 6 months                                                   $3.00 each one after
Loan Application Fee                                                               $15.00
Dormant Account Fee (no activity for 2 years)          $10.00

Privacy Notice 

 To assure the continued privacy and confidentiality of your personal financial information, your Credit Union observes these practices and procedures:

Information We Collect:

We collect nonpublic information about you from some or all of the following sources:

Information we receive from you on applications or other forms;
Information about your transactions with us, our affiliates, or others; and,
Information we receive from a consumer reporting agency
Information We Disclose

We do not disclose any nonpublic personal information about our members and former members to affiliates or non-affiliated third parties except as permitted by law.

Our Security Measures

We restrict access to nonpublic information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with Federal regulations to guard your nonpublic personal information.

Credit Union members and the public may receive copies of this notice of privacy practices by contacting the Credit Union.

This notification meets the notification requirements of the National Credit Union Administration regulation on privacy of consumer information, Part 716.
Schedule an Appointment
Call 973-430-7317
Public Service Plaza 
Federal Credit Union
80 Park Plaza - Lobby
Newark, NJ 07101

Cashiers Cage:
973-430-7923

Loan Officer:
973-430-7317

Payment Mailing Address:
PSPFCU
P.O. BOX 32096
Newark, NJ 07102
Download Our Loan Applications
Withdrawal Slip Deposit Slip Car Loan Application Personal Loan Application
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