New Jersey
Long Island credit union seeks growth in Cherry Hill with first New Jersey office
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Jim Walsh, @jimwalsh_cp
CHERRY HILL – A Long Island-based credit union has expanded into New Jersey with a new office here.
Bethpage Federal Credit Union, a financial cooperative founded in 1941, now has 35 offices.
It’s also eyeing the Connecticut market, an executive said last September in announcing plans to open four offices in New York and the South Jersey branch by mid-2024.
“Branch expansion throughout the tri-state area is a major part of our growth strategy,” said LindaArmyn, the credit union’s president and CEO
Bethpage described the Cherry Hill office as “a significant milestone” for its plans.
The expansion comes as deposits are growing for federally insured credit unions, a regulator says.
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But the sector also is consolidating, with a downward trend for the overall number of the financial cooperatives, according to the National Credit Union Association.
It says assets in federally insured credit unions last year rose by $88 billion, or 4 percent, to a year-end total of $2.26 trillion.
However, the number of federally insured credit unions fell to 4,604 in last year’s fourth quarter. That was down from 4,760 a year earlier.
“The year-over-year decline is consistent with long-running industry consolidation trends,” says the NCUA, which insures deposits up to $250,000 per individual depositor.
Bethpage, the largest credit union in the Northeast, has doubled its assets over the past seven years, records show.
It had assets of $12.86 billion at year-end 2023, up from $6.2 billion in 2016.
The credit union was founded in 1941 for employees of an aircraft manufacturer in Bethpage, New York. But it’s now open to any customer with a $5 membership account, a spokesperson noted.
Bethpage had almost 460,000 members at the end of last year. That compared to about 277,500 members in 2016.
In a statement, Bethpage noted it belongs to a nationwide network that offers access to customers’ accounts via more than 30,000 free ATMs and 5,000-plus shared branches.
Jim Walsh is a senior reporter with the Courier-Post, Burlington County Times and The Daily Journal. Email: Jwalsh@cpsj.com.
New Jersey
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New Jersey
2 killed after fast-moving fire tears through New Jersey home on Thanksgiving
ORANGE, New Jersey (WABC) — Two people were killed after a fast-moving fire tore through a home in New Jersey on Thanksgiving.
Flames broke out around 5 p.m. at the home on Mosswood Avenue in Orange.
The fire department came within minutes, but not before two people inside the home were killed, according to the Essex County Prosecutor’s Office.
Claire Stevens lives a few doors down.
“My grandson was good friends with one of the young people that lived there. And she’s out of the country right now. And I’m just really concerned that maybe, you know, she doesn’t know about her relatives that live in the house that might have been affected by the fire,” Stevens said.
People could be seen keeping warm inside a NJ Transit bus. The American Red Cross says its volunteers provided a family of eight with emergency financial assistance for temporary lodging, food and other needs.
Neighbors are remembering the victims and are praying for the family.
“I just know that they kept their yard really nice and whenever I would go for a walk or run, they were super friendly,” said Matthew Mehr.
Authorities have not released the identity of the victims.
The cause of the fire is still under investigation.
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New Jersey
How to find food assistance across NJ using this one website
Emergency food distribution held in Camden County
Communities are continuing to offset the need increased by a pause in November SNAP funding with emergency food distributions.
Although the record-breaking government shutdown has ended, the effects are still being felt nationwide — especially in terms of food.
During the shutdown, recipients of the Supplemental Nutrition Assistance Program (SNAP) benefits lost access. Demand surged at food banks as result, leaving many pantries in a struggle to remain stocked.
Now, with the celebration-packed holiday season in full swing, the need for food remains high for some.
To combat this, New Jersey Assembly Speaker Craig Coughlin, D-Middlesex, announced the launch of endinghungernj.com, an online resource that helps residents find and contribute to local food resources.
“As we approach the holiday season, we are reminded that while many of us are preparing to share meals with the people we love, far too many families are still unsure of how they will put food on the table,” Coughlin said in a press release. “That is not acceptable to me, it is not acceptable in New Jersey, and it is the reason why we’ve taken the position that hunger is not inevitable.
“It’s a problem we can solve when government, nonprofits, businesses, and neighbors all pull in the same direction.”
Endinghungernj.com is to serve as a one-stop resource for New Jersey families, containing a comprehensive directory of food assistance across the state.
The website provides county-by-county listings of food pantries and community food resources, as well as a directory of statewide advocates and information on state initiatives and legislation.
For those interested in supporting hunger-relief efforts, the website also provides ways to help both within your local community and on a wider scale.
“Simply put, New Jersey refuses to let families fall through the cracks and endinghungernj.com is another step in making that a reality,” Coughlin said.
“Whether it’s through impactful legislation, creating partnerships with food banks, or simply lending a helping hand, we’re committed to doing everything we can to make sure every resident has the dignity and the peace of mind that comes with a full plate.”
Risha Inaganti writes about trending topics across South Jersey for the Courier-Post. If you have a story she should tell, email her at rinaganti@usatodayco.com. Subscribe to stay up to date on the news you need.
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