NFFCU was chartered in 1940 to service the financial needs of the members and their families, of the Fire Department of the City of Newark. Over the past 72 years the credit union has grown to a $20 million financial organization with 5 employees serving over 2,000 members. The first expansion SEG (Select Employment Group), the Department of Fire for the Township of Irvington was added in 2006. As
a federal credit union, NFFCU is governed by the NCUA Act and regulated directly by NCUA. Accounts on deposit in the credit union are insured up to $250,000 by the NCUSIF. Basic operations of this financial cooperative include deposit accounts such as shares, share drafts, and share certificates. The main business of NFFCU is consumer and real estate loans. Excess deposits not lent out to the membership are used for short-term investments and fixed assets.