Business & Finance

Ribbon is Cut at Atlantic Federal Credit Union in West Orange

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Ribbon is cut at Atlantic Federal Credit Union in West Orange. Credits: Jackie Goldman-Schatell
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WEST ORANGE, NJ – The Atlantic Federal Credit Union, which is located in a free-standing building near TGIF in the Essex Green Shopping Center, at 455 Prospect Avenue, officially opened its doors to the community on April 6, with a well-attended ribbon cutting ceremony.

Attendees included West Orange Mayor Robert Parisi; Councilwoman and President of the West Orange Chamber of Commerce Susan McCartney; Megan Brill, executive director of the West Orange Downtown Alliance, many WOCC board members, members of the North Essex Chamber of Commerce, residents and Atlantic Federal Credit Union employees.

While the Credit Union is now open for business, Monday through Friday, from 9 a.m. to 5 p.m., a Grand Opening celebration will be held on Friday, April 22, from 9 a.m. to 5 p.m., and Saturday, April 23, from 10 a.m. to 2 p.m. There will be food, prizes, entertainment, special offers and more. Sweepstakes prizes will include a 55” Toshiba HD TV; an Xbox One 500GB, Gears of War: Ultimate Edition Bundle; an IPAD Pro with Wi-Fi; and $5 - $100 Visa Gift Cards. In addition, guests will be invited to “Spin the Prize Wheel Where Everyone is a Winner.” Residents of the West Orange, Livingston, West Essex area communities and more are invited to attend.

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“Welcome Atlantic Federal Credit Union to the West Orange Chamber of Commerce and to West Orange,” said McCartney.

Brittany S. Chiles, executive director of the WOCC echoed McCartney’s sentiments and said, “We are so glad to have you as part of the chamber and hope you take advantage of all the benefits we have to offer.”

CEO of Atlantic Federal Credit Union Michael Fanelli said, “We are excited to be in the West Orange community to help residents meet their financial needs. I am looking forward to getting involved with the community, the chamber and other groups.”

Parisi said, “We are always happy to support any businesses that make a commitment to our community and are happy to do whatever we can to help them promote their business. It is important—especially for small businesses to be successful.”

He added, “I am glad the chamber is here and that the Credit Union is looking to jump right into the community and be a part of the community and we will always encourage that type of business involvement.”

Ribbon cutting attendee, Holly Kaplansky, president of the North Essex Chamber of Commerce said, “We are thrilled to be at the Atlantic Federal Credit Union opening ceremony. We wish them the very best of luck and we are really glad they are in our community.”

Founded in 1935 by a group of AT&T Western Electric employees in Kearny, the Atlantic Federal Credit Union has grown from a one-company credit union to “one of the larger credit unions in New Jersey,” with over $270 million in assets, according to the company website. Atlantic Federal offers everything a bank offers “and more” but because it is a not-for-profit credit union, it offers “lower rates on loans, higher rates on savings and less fees,” according to the website.

Anyone who lives, works, worships, attends school or regularly does business in Union or Essex County, is welcome to bank at Atlantic Federal Credit Union. Membership is also open to all businesses or legal entities located in Union or Essex County. In addition, according to the website, immediate family members of existing members, regardless of where they live including a spouse, children, siblings, parents, grandparents, grandchildren, stepchildren, stepparents, stepsiblings and adopted children and non-related individuals living in the same household are welcome to use Atlantic Federal Credit Union’s services.

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