To become a member of Greater Alliance Credit Union, you need to open a share “savings” account with a minimum deposit of $100.00. Once you are a member you are eligible for all of the Credit Unions services, from savings products to our loan products.…

Anyone who works, resides, worships, attends schools or volunteer in the counties of Bergen or Passaic. Also, relatives of current members may join Greater Alliance. Those eligible for family membership includes spouses, children, siblings, parents, grandparents, and grandchildren of current members.…

As a credit union member, you own your credit union. You are entitled to elect, and be elected to, the volunteer Board of Directors, which is composed of your fellow members. The Board of Directors set policies for the operation of the credit union based on the needs and wishes of the members. The Board of Directors also establishes dividend rates, loan interest rates, and fees.…

Greater Alliance is a forward-thinking and growing credit union built upon more than 80 years of commitment to members, community and service. Greater Alliance was founded in 1937 when five dedicated educators, chartered, what was then known as Central Bergen Teacher’s Federal Credit Union. The organization began to expand its field of membership in the mid-1980s under the sanction of the NCUA (National Credit Union Administration) to include a diverse mix of employee groups and associations – and became known…

“People helping People” – Is more than just a slogan—it’s the way credit unions operate each and every day. Around the world, and here at home, credit unions focus on improving the quality of life for their members, their families, and the community.…

Not for Profit, Not for Charity, But for Service – It’s true, credit unions are financial institutions like banks, and savings and loans, but they operate much differently. Credit unions are financial cooperatives, owned by the people who use the credit union. Since the focus is on service (not profit), members benefit with lower rates on loans, higher rates on savings, and often pay fewer fees and service charges on the same services offered by other financial institutions.…

A Credit Union is a member owned non-profit financial cooperative. The first credit union was formed in 1850 in Germany. In this first Credit Union members deposited their savings with the credit society to provide working capital with dividends paid on these “share” accounts. Loans were extended for “productive purposes” based on the character of the borrower. The concept of Credit unions quickly spread throughout Europe, then to North America in 1900.…