Corporate business

Dear Members,

For many people around the country, this year has been especially challenging. With double digits unemployment and government bailouts in the banking industry, lending has become a whole new ball game; higher rates, complicated terms, more stringent requirements, just to name a few.

To help ease the impact to our members, the Credit Union has;

- Provided the lowest rates available for signature loans, new & used car loans

- Improved lending conditions for home equity loans

- Revised policies to provide greater security for member’s assets

Through these initiatives, we have more than doubled the amount of loans written in the previous year.  This accomplishment serves our membership in two ways;

1. We are providing competitive loans to our members

2. We are yielding the highest possible return for Credit Union capital

So once again, we are delighted to tell you that the Credit Union is strong and optimistic for the New Year. As we work to keep pace with the changes, we urge you to partner with us to keep the PSEG Nuclear Employee Federal Credit Union strong.

We continue to offer competitive loan rates, a good dividend, and a variety of other banking services for you convenience.  Our Staff is ready to provide all of this with Friendly Service, Old Fashioned Values Everyday!!! (Our new slogan)

In closing and on a personal note; with the bustle of the holidays it’s easy to lose sight of the important things; family, friends, and the reason for the season. We are reminded as many struggle to make ends meet, to give thanks for what we have and to stay hopeful and optimistic for everyone.

From all of us at the Credit Union we wish you and your families a Wonderful Christmas, Happy Holiday Season and a Happy New Year.

Rick Dawson BOD President
Debbie Jones CU Manager	Pat Schnur Asst Mgr, Loan Officer
Jody Mortarulo Banking Consultant	Debbie Davenport Banking Consultant

NEFCU Board of Directors:

President: Rick Dawson

Vice President: John Reistle
Secretary: Maria Azzaro
Treasurer: Pete Macconi
Liaison: Kim Fisher

NEFCU Supervisory Committee:
Bill Maloney
Betty Lou McKeich
Dave Shaver