Growing to Meet Member Needs
B-M S Federal Credit Union was chartered in 1954 as Squibb Local 438. Our name was changed twice in the ensuing years until 1990 when we officially became B-M S Federal Credit Union. The credit union grew slowly but steadily until 1990, at which time new management, new office locations, and many new services started to be introduced.Since 1990 we have grown from $14 million to our present $100 million in assets. As a federally chartered credit union, we operate under the supervision of the National Credit Union Administration (NCUA) which insures all member deposit accounts up to $250,000. Our credit union operates 5 branches located in New Jersey, and is part of a national network of 3,000 credit unions, so you can access our great services anywhere in the U.S.