![]() Dividend rates and annual percentage yield are subject to change after the account is opened at our discretion without notice to you. The APY is accurate as of the latest dividend declaration date. Samsung and Samsung Pay are trademarks or registered trademarks of Samsung Electronics Co., Ltd.ġAPY = Annual Percentage Yield. Google Play and the Google Play logo are trademarks of Google Inc. App Store is a service mark of Apple Inc. ![]() One hundred five municipalities of the five hundred sixty-six municipalities in New Jersey operate with a five member Committee form of local government.Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. All legislative powers are assigned to the Committee. The Mayor serves as the Chairperson of the Committee and exercises executive powers vested in the Mayor's Office by law. The Mayor is elected by the Committee and serves a one-year term as does the Deputy Mayor. Under the current township government laws as they apply to Union Township, five Committee members are elected at-large in partisan elections to serve staggered three-year terms. At the end of the 19th century, the law was modified to abolish the township meeting and replace it with a township committee that was vested with all municipal powers. This form of municipal government patterned after the New England Township meeting, was modified numerous times throughout the 19th century. The township form of government is the oldest form of municipal government in the State of New Jersey originating with the Township Act of 1798. The Township of Union governing body is a Committee form of government chartered by the State of New Jersey under NJSA 40A:63-1.
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