Millville Savings and Loan Association

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Millville Savings and Loan Association
One Savings Place
PO Box 190
Millville, NJ 08332
Tel: (856) 825-0809
Fax: (856) 327-4695

Millville Savings and Loan Association was formed when five building and loan associations were merged with assets totaling $387,174. The following are the five building and loan associations that merged: Columbia Perpetual Building and Loan, Hope Building and Loan, Institute Building and Loan, Protected Building and Loan, and Security Perpetual Building and Loan. The first meeting was held on June 2, 1941 at the offices of Reeves and Melvin, 224 North High Street, Millville, NJ 08332. Clarence Reeves, better known as "Ki," was elected President. Fourteen directors were present.

Business transacted included granting five loans totaling $8,200. The mission of the newly founded association was to encourage home ownership and to promote saving. In October 1941, a contract was awarded to Raymond Goodwin for the construction of an office building at 219 North High Street. The cost was not to exceed $9,500. The office building, costing $9,107, was open for business March 20, 1942. The staff consisted of an Executive Secretary and a teller/ stenographer.

Consumer Loans

Mortgage Loans

We offer a variety of Conventional financing options with a fixed rate and repayments up to 30 years. Stick-built and Modular Construction to Permanent mortgages available.

Rates subject to change without notice
Fixed Rate Residential Mortgage Loans
$325.00 application fee
1st Lien, Owner occupied, Property insurance and title insurance are required, and if applicable flood insurance will be required.

Home Equity Loans

We offer fixed rates up to 10 years. A smart way to use the equity in your home is for debt consolidation, auto purchase, college, home improvements and more. Check with your tax advisor for information on deducting the interest. Millville Savings will lend up to 70% of the Loan to Value in a 1st or 2nd lien position.

Rates are subject to change without notice
Home Equity Fixed Rate Fixed Term Loans
No Fees unless an appraisal is needed to determine 70% Loan to Value
1st or 2nd lien position on owner occupied primary residence, Property Insurance is required. Flood Insurance if applicable is required.