The Newark Board of Education Employees Credit Union All Credit Levels is a cdfi lender from Newark Board of Education Employees Credit Union. The annual fee is Pay no annual fee. The ongoing APR is As low as 15.24% APR**. Rewards: Members enjoy low-interest loan rates and various benefits associated with banking.. This product reports activity to your personal credit report. The Newark Board of Education Employees Credit Union is a financial institution serving the employees of the Newark Board of Education and their families. It offers a range of financial products including personal loans, mortgages, auto loans, and various savings accounts. Services include: personal loans, mortgages, auto loans. US Treasury certified CDFI Credit Union in Newark, NJ. Membership required.