About Us


One Of The Oldest Banks In New Jersey

Location - Bogota Credit Alliance

Founded in Bergen County, we’re proud to be one of the oldest banks in New Jersey. In 1893, local businessman William Smith determined that the employees of his company, Bogota Paper Mills, should have a local place to tend to their banking needs. To help achieve his goal Mr. Smith enlisted the help of New York banker Edwin “Pop” Ludwig. Employing Mr. Ludwig’s vast experience from his tenure at the Bowery Savings Bank, both men set out to make this idea a reality and on March 31st of that year, Bogota Building and Loan was born. Bogota Building and Loan found space to conduct its early meetings in the town firehouse then later moved to the Borough Hall. To house bank records, Bogota Building and Loan also leased space from another local bank, Bank of Bogota, which was located on the corner of Elm Ave & Fort Lee Road. As the new Building & Loan grew, there was a need for even more space. Offices were leased and transactions taken on behalf of the Building and Loan from another local bank, Bogota National Bank. Throughout that time, Mr. Ludwig remained involved with Bogota Building and Loan as a part-time employee. Over the years there were changes in management at Bogota National Bank requiring the separation of banking transactions between the Building and Loan and Savings Bank. Along with that change, the growth of Bogota Building and Loan continued and in 1933, Mr. Ludwig became its first full time employee. In 1940 Bogota Building and Loan purchased land and erected a small building at 60 East Main Street, which is still standing today as one of our two branches. The next year Bogota Building and Loan was renamed as Bogota Savings and Loan Association. In 1996 Bogota Savings and Loan converted their charter to that of a State Mutual Savings Bank and adopted the new name of Bogota Credit Alliance. In 2004 Bogota Credit Alliance purchased a branch of Interchange Bank, 819 Teaneck Road in Teaneck, which is now the home of Bogota’s second branch and administrative offices. Community has been at the heart of Bogota Credit Alliance since 1893. Throughout our more than 125-year history, we have always worked hard to earn and keep the trust of our community. Generations of families have relied on Bogota Credit Alliance for all of their banking needs – a new mortgage or home equity loan, a child’s first savings account, an IRA or CD, and online / mobile services. Commercial customers also rely on Bogota Credit Alliance for products that help grow their business and allow them to capitalize on opportunity – commercial and multi-family mortgages, business checking and merchant services. Customers trust in our commitment to always deliver the very best products, services, value and convenience.

We have listened to what you, the customers, have said is important. The launch of our new website and mobile app serve to further highlight our commitment to provide even greater access through many of the technological and convenience upgrades available today. With secure banking right at your fingertips, we are making it even easier to take advantage of our consistently lower loan rates, higher deposit rates and lower fees.

For us, a true community bank includes a team rich with philanthropic spirit. Our time and resources are invested in local area programs like Habitat for Humanity, United Way, Children’s Aid, Family Promise of Bergen County, Center For Food Action and Family Services, as well as providing local students with scholarships to further their education.

We are proud of our long history, and while our legendary customer service has remained a constant for over 125 years, our products and services will continue to evolve so that we can always bring our community what they need. For Bogota Credit Alliance, it’s all about listening, understanding and delivering.



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