This March, 1166 Federal Credit Union (1166 FCU) celebrates its 90th year in business! Founded in 1936 to support the financial needs of Mobil research employees, 1166 FCU now provides financial products, services, and education to regional communities in Southern New Jersey, Southeastern Pennsylvania, and Northern Delaware.
Based on its philosophy of “real people helping real people manage their finances,” 1166 FCU’s recharter in 2024 breathed new life into the institution by expanding its outreach to the tri-state area’s 1.5 million unbanked and underbanked communities. Over the past couple of years, the organization significantly grew its membership by offering low-fee loans at competitive rates, expanded services, and collaborative Select Employer Group products. Most importantly, through the implementation of a strategic marketing communication plan, 1166 FCU has embraced and embarked on a mission to educate younger audiences on money matters through informative blogs, email marketing, YouTube commercials (one that hit 600k+ views in four short months), relatable social media posts, reels, and memes, and expert guidance in local publications.
As no one should feel unsupported when it comes to finances, 1166 FCU offers inclusive, easy-to-understand, and robust financial services that instill confidence, provide the necessary tools, and offer financial guidance to help its members succeed. Specifically, the organization provides members with some of the lowest loan rates in the industry. While other credit unions are reducing deposit rates, 1166 FCU has kept its deposit rates higher for longer. It also introduced a Money Market Plus product that allows members to earn a higher annual percentage yield.
“Our vision is to make financial success attainable by eliminating the fear of banks while providing personal services, products, and resources that are otherwise unavailable to low-income residents. We invite you to come grow with us,” shares CEO Michael DiPlacido.
About 1166 Federal Credit Union
1166 Federal Credit Union, established in 1936, is based in Swedesboro, NJ. We are committed to providing robust financial services, great loan rates, and broad-based financial education to our more than 1,200 current members. Our products include mortgages, student loans, credit and debit cards, checking and savings accounts, ACH access, financial literacy education, and more. The credit union’s unique name references our charter number, but it also adds up to the exceptional service and savings we offer our members. Our philosophy is real people helping real people manage their financial needs. To find out why our credit union membership makes sense for you, visit: https://www.1166fcu.org/membership/.
