1166 Federal Credit Union - 1166 FCU | Credit Union in Swedesboro, NJ

Auto

1166 Auto Advantage!

36-84 month loan options available for new cars, used cars, trucks, SUV's and vans.

Used car loans are not eligible for 84 month loan periods.

Apply For FREE!

Home Equity Loans

Use your home’s current value to create even more with equity-building opportunities like home renovations, funded by a home equity loan.

• Fixed interest rate
• Fixed terms: 5, 7, 10, or 15 years
• No upfront application fee

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Rates

Compare Our Rates!

We offer some of the most competitive rates in the region for auto loans and home equity loans!

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Money Market

Money Market Plus Account

High-yield money market account with flexible access to growing funds!

• 3.00% Annual Percentage Yield (APY)
• Minimum deposit of $2,500 to earn APY
• 2 free withdrawals monthly

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Become a Member

Become A Member Today:

• Exclusive cost-saving benefits
• Access to over 5,000 shared branches
• Free financial counseling
• Convenient and local support

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New “Money Market Plus” Account Now Available at 1166 FCU

News & Blog

New “Money Market Plus” Account Now Available at 1166 FCU

1166 Federal Credit Union has officially launched its new money market product, “Money Market Plus,” now available to new and existing credit union members. Federally insured by NCUA, this high-yield account offers flexible access to funds as they grow. The Money Market Plus account features include:

3.00% Annual Percentage Yield (APY*)
2 free withdrawals monthly**
No monthly maintenance fees
Minimum deposit of $2,500 to earn APY
Dividends are calculated daily and paid monthly

Money...

SEG Partnerships: A Win-Win for Your Team and Your Bottom Line

News & Blog

SEG Partnerships: A Win-Win for Your Team and Your Bottom Line

A recent survey report on employee benefits trends notes that companies are seeking to deliver more value even as they manage budget constraints. In the article, the WCW consultants note, "With rising costs, economic instability, and employees demanding more support and personalization, organizations must transform how they think about benefits. Yet, this isn't a story of increased budgets and ever-increasing programs. Instead,...

New Exclusive Perks for Employees of Select Employer Group Partners

News & Blog

New Exclusive Perks for Employees of Select Employer Group Partners

1166 Federal Credit Union is excited to announce the launch of its revamped Select Employer Group (SEG) Partnership, designed to strengthen the credit union's relationship with local businesses and their teams by offering exclusive financial benefits for partner employees.

Founded in 1936 to serve the financial needs of Mobil research employees, 1166 FCU has a long-standing history of supporting workers and enriching their lives with tailored benefits. With new and enhanced offerings, such as reduced auto and home equity loans and checking accounts that earn more interest, 1166...

Is Investing in a Condo a Good Idea?

News & Blog

Is Investing in a Condo a Good Idea?

Who’s that knocking at the door? It might just be your next big investment: a condo. Whether you're a first-time buyer, aspiring landlord, or ready to downsize, a condo could be the real estate investing opportunity you’ve been searching for. In this blog, we’ll get comfy with condos, discover the pros and cons, and explore helpful ways to take advantage of this housing solution. To conDO or conDON’T, that is the question.

What is a Condo?

Before you grab some brown boxes and start packing, let’s get comfortable with condos and how they work.

Short for “condominium,” a condo...

What are Index Funds

Financial Education

What are Index Funds

Flashing stock tickers, sweaty palms, and one too many scenes from The Wolf of Wall Street. For many, the word “investing” goes hand in hand with these fast-paced, anxiety-inducing thoughts rather than financial opportunity. But what if there were a way to invest passively without obsessively checking the market? One that’s low risk and (dare I say) low effort?

Enter: index funds, an investment that automatically buys stocks across a variety of companies for you, without the need to research, buy, and sell individual stocks yourself. In other words, it’s a chill kind of investing with such a positive track record, you’ll want to tell your friends about it.

So unclench that jaw, and get excited, because we’re about to put the fun in index funds…*crickets*

You guys still here?

Investing: Planting Money Seeds
Have you ever planted a seed? With patience and care, it can grow into something bigger that you can enjoy, like a flower or fruit tree.

Investing works the same way....

Home Equity Loans vs. HELOCs: What’s the Best Fit for You?

Financial Education

Home Equity Loans vs. HELOCs: What’s the Best Fit for You?

You can’t see it or touch it, but a powerful financial tool exists within your home. What is it? No, not the ghost of your long-lost rich ancestor. It’s your home equity!

As fall approaches, “change” is in the air. Cooler weather draws us indoors and shifts our focus from carefree summer days to end-of-year goals like nailing down home improvements, knocking out high-interest debt, or tackling significant expenses before the year wraps up.

Your home equity can help you accomplish all these autumnal achievements. When tapping into it, you have two popular options:

Home Equity Loan
Home Equity Line of Credit (HELOC)

So, what’s the difference? And which one is right for you? Let’s break it down so you can embrace the season and make a financial change for the better.

What is Home Equity?
To start, home equity is your home’s current market value minus...

What are Money Market Accounts?

Financial Education

What are Money Market Accounts?

A farmer's market full of juicy money bags instead of tomatoes. That’s what comes to mind when I hear “Money Market Account.” While you won’t find produce within this fresh savings option, it can produce financial growth packed with potential. Grab your tote bag and get ready to harvest some delicious earnings!

What is a Money Market Account?
Imagine if a savings account and a checking account had a baby. You’d get a money market account, also known as an MMA. (No, not the cage-fighting MMA!)

Offered by banks and credit unions, MMAs are deposit accounts, meaning they allow both deposits and withdrawals, similar to other deposit accounts like savings accounts, checking accounts, and certificates of deposit (CDs). What makes MMAs unique is their interest rates and access to funds, also known as liquidity.

Like savings accounts, deposited money grows and earns interest over time, but MMAs offer higher interest rates than traditional savings accounts.

Like a checking account,...

Is Investing in a Condo a Good Idea?

Financial Education

Is Investing in a Condo a Good Idea?

What is a Condo?

Before you grab some brown boxes and start packing, let’s get comfortable with condos and how they work.

Short for “condominium,” a condo is a living space or unit within a larger multi-unit building. It’s like a beehive, with individual hexagons serving as separate spaces within the larger structure. And just like honey, it can be a pretty sweet situation, especially since you can privately rent out your unit and benefit from property appreciation over time (stay tuned for more).

Amenities

Outside...