Novartis Federal Credit Union
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Savings Information

Novartis Federal Credit Union

Regular Shares

The key to membership is opening a Regular Share Savings Account with Novartis Federal Credit Union. A minimum deposit of $5.00 and a completed membership application is all you need. Full account disclosures are available upon request.

A $100 minimum balance is required for members with credit union loans and credit cards.

Once you are a member, all of the services offered by the credit union are available to you. The credit union traditionally pays above average rates on Regular Share Savings Accounts.


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Money Market

Our Money Market account offers a higher rate than the Regular Share Accounts on larger balances. The minimum deposit is $500 and you are limited to three withdrawals per month. Click here to see the current Money Market rates.


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Share Certificates

Term Share Certificate Accounts pay premium dividend rates. Minimum deposit is $500 with terms ranging from three months to five years. Full account disclosures are available upon request. Please call our office for more details. Click here to see the current Certificate Rates.


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Share/Draft Checking

The Share/Draft Checking Account program offered at the credit union is hard to beat.

Have You "CHECKED" With Us Yet?
We Have Checking Accounts That Pay You!!

  • Dividends Pay Monthly On Average Balances Over $500
  • NO Minimum Balances Requirement
  • NO Monthly Service Fees
  • First 50 Checks Free
  • NO Per Check Charges
  • VISA Debit Rewards Card Access at over a million ATM's Around the World
  • 50,000 + Allpoint No Surcharge ATMs Nationwide
  • 5,000 + Shared Credit Union Service Center Branches
  • 24-Hour History Access through e-C.U.P.I.D. (our electronic account access
  • Free Bill Payer with ARROW
  • You can have ALL or PART of Your Payroll Check Automatically Deposited.
  • Automatic Bill Paying Available for Recurring Payments.
  • Government Payments Can Be Automatically Deposited.

Checking With Novartis FCU gives you the SAVINGS
You Want With the CONVENIENCE You Need


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Club Accounts

The credit union offers both a Holiday Club and Vacation Club to those interested members. The Vacation Club traditionally matures on July 1st. However, you can determine the maturity if you choose to do so. Our Holiday Club matures October 1st. There are no limitations on periodic payment amounts, or start dates. Call the office at 973-947-1000 to start a Club Account today.


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IRA Savings

IRA Savings Accounts helps build retirement security. There is no minimum balance requirement. You can build your IRA Savings with payroll deduction and arrange to have it automatically transferred to an IRA Term Share Certificate of your choice. Deposit amounts are limited to current Internal Revenue Service regulations.


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Investment Opportunities in IRAs

Individual Retirement Accounts (IRAs) remain one of the best investments you can make in your future. Setting a small amount aside each pay period in an IRA can really add up. With the new IRA Tax Rulings, your IRA is even more valuable to you than before. Here are just a few highlights of the new laws.

IRA accounts are Federally Insured up to $250,000 through the NCUA.

Increased Income Limits - During the next few years, income limits for deductible IRA's will be increased gradually to a maximum plateau of $60,000 for single files and $100,000 for joint filers.

Spousal IRA Changes - Non-working spouses can make deductible IRA contributions even if the other spouse participates in a qualified plan, provided the couple's joint income does not exceed $150,000.

Penalty Free Withdrawals - The 10% early withdrawal penalty prior to age 59 is waived if the money is used for first time home ownership (limited to $10,000) or post-secondary education expenses.

New Educational Savings Accounts - Parents annually can make Non-deductible contributions of up to $500 for children under age 18. Earnings accumulated will be tax-free. There are income and usage limitations.

Roth IRA - A non-deductible IRA account in which all withdrawals are tax-free if the account has been open for five years and the owner is 59; or the owner is paying for higher educational expenses; or purchasing a home for the first time. There are contribution and income limitations on this account.

Call our office at 973-947-1000 Option 3 to speak to a member service representative for more information or to open an IRA.


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