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Our History
Renaissance Community Development Credit Union is a not-for-profit
financial cooperative owned by its members. Renaissance CDCU was
the second State chartered Credit Union in New Jersey. The Credit
Union was chartered in 1996 as an extension of the First Baptist
Community Development Corporation. Renaissance Community Development
Credit Union is based on a "Common Bond," we serve several
segments of the community: those who live, work, worship or attend
school within the Renaissance Target Area. This area covers parts
of Franklin Township and New Brunswick.
In
June 2001 the U.S. Treasury Department certified Renaissance CDCU
as a Community Development Financial Institution.
What is a Credit Union?
While other financial institutions need to generate profits in order
to satisfy stockholders, Credit Unions are different. Credit union
members pool their savings to make loans to each other. Credit Unions
return excess earnings to its members in the form of dividends,
low interest rates on loans and little or no fees for financial
products and services.
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Our Mission Statement
To be the primary financial institution for our members; providing
a wide range of high quality financial services in the most cost
effective manner.
Membership
The future is bright when you become a member of Renaissance Community
Development Credit Union. To become a member, you must open a share
savings account. Open your account with as little as $10.00, maintain
a minimum balance of $100.00 and you're eligible for the many benefits
of Credit Union membership. All deposits are insured up to $100,000
per depositor by the National Credit Union Share Insurance Fund
(NCUSIF) an agency of the Federal Government.
Membership
is a life long benefit, regardless of whether you change jobs, move
or retire. You can access your account in person, by mail, fax or
phone or through thousands of ATMs nationwide.
Family
Membership, your immediate relatives become eligible to join Renaissance
Community Development Credit Union once you're a member invite your
spouse, children, grandchildren, siblings, parents and grandparents,
and adopted relatives to join our Credit Union.
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Privacy Policy
Renaissance CDCU is committed to preserving and protecting the confidentiality
of its members' personal information. We
are committed to the following policy:
Categories
of Information That We Collect
We
collect nonpublic personal information about you from the following
sources:
- Information
we receive from you on applications or other forms, such as: your
name, address, social security number, assets, and income.
- Information
about your transactions with us, our affiliates, or others, such
as: your account balance, payment history, parties to transactions,
and credit card usage.
- Information
we receive from a consumer reporting agency, such as: your creditworthiness
and credit history.
Categories
of Information That We Disclose
We
do not disclose any nonpublic personal information about our members
or former members to anyone, except as required by law.
Confidentiality
and Security
We
restrict access to nonpublic personal 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 standards to guard your nonpublic
personal information.
Procedures
for Opening a New Account
We follow
the procedures outlined in the USA Patriot Act. Federal Law requires
all financial institutions to obtain, verify and record information
that identifies each person who opens an account. We will ask for
name, address, date of birth , social security number and may ask
for your driver's license in an effort to help the government fight
the funding of terrorism.
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