EXHIBIT 4(A)

                        STEWARDSHIP FINANCIAL CORPORATION
                           DIVIDEND REINVESTMENT PLAN

1. THE COMPANY

      Stewardship Financial Corporation (the "Company") was organized in
January, 1995 as a business corporation under the laws of the State of New
Jersey by the Board of Directors of Atlantic Stewardship Bank (the "Bank"). The
Bank is a wholly owned banking subsidiary of the Company. The Bank is a New
Jersey state chartered commercial bank formed in 1985. The Bank incorporates a
provision in its bylaws for tithing ten percent (10%) of its pretax profits to
Christian charities. The offices of the Company and the Bank are located at 630
Godwin Avenue, Midland Park, New Jersey 07432-1405.

      The Company publishes annual and quarterly reports and proxy statements
which are made available to its shareholders. All such reports are hereby
incorporated by reference into the description of the Company in this Dividend
Reinvestment Plan (the "Plan"). The Company will provide, without charge, to
each person to whom a copy of this Plan is delivered, on the oral or written
request of any such person, a copy of any or all of the foregoing documents.
Written requests for such copies should be directed to Stewardship Financial
Corp., 630 Godwin Avenue, Midland Park, New Jersey 07432, Attention: Corporate
Services, and oral requests may be made by calling 201-444-7100 or 877-844-BANK.
The website is www.asbnow.com.

2. THE PLAN

      The Plan described in this brochure offers you the opportunity to increase
your investment in the Company with no brokerage commissions or administrative
fees of any kind. The Plan permits you to use your cash dividends to purchase
additional whole and fractional shares of the Company's common stock (the
"Common Stock"). The Plan is administered by a `1committee of the Company's
Board of Directors (the "Committee").

3. INVESTMENT CONSIDERATIONS

      The purchase price of shares of Common Stock purchased by a participant
under the Plan with any reinvested dividends on the date any dividend is paid
(the "Dividend Payment Date") shall be 95% of the average market price of shares
of Common Stock sold in the 14 day period preceding the Dividend Payment Date.
The shares will be purchased from either the authorized but unissued shares of
Common Stock held by the Company and/or on the open market, by agents
independent of the Company and its affiliates.


                                       1
<PAGE>

EACH PARTICIPANT IN THE PLAN SHOULD RECOGNIZE THAT NEITHER THE COMPANY NOR ANY
AGENT ADMINISTERING THE PLAN FOR THE COMPANY CAN PROVIDE ANY ASSURANCE THAT
SHARES OF COMMON STOCK PURCHASED UNDER THE PLAN WILL, AT ANY TIME, BE WORTH MORE
OR LESS THAN THEIR PURCHASE PRICE.

      Any corporate or partnership shareholder whose purchases under this Plan
increase its holdings of Common Stock to 5% or more of the Company's then
outstanding shares will need prior Federal Reserve Board approval to purchase
their shares. Any subscriber (whether or not a corporation or partnership) whose
stock purchase would increase his or its holdings of Common Stock to 10% or more
of the Company's then outstanding shares will need prior Federal Reserve Board
and New Jersey Department of Banking and Insurance approval to purchase such
shares.

      Shares of Common Stock purchased under the Plan are NOT deposit accounts
of the Bank and are NOT insured by the Federal Deposit Insurance Corporation or
any other governmental organization. Shares of Common Stock are subject to
market risk and possible loss of investment.

4. DIVIDEND REINVESTMENT

      The Plan permits you to invest your Company cash dividends in additional
shares of the Common Stock. Instead of sending your regular dividend check to
you, the Company will use your dividend to purchase whole and fractional shares
of Common Stock and credit them to your account. Dividends on the shares
credited to your account under the Plan will also be reinvested for you, thereby
compounding your investment. All shares purchased pursuant to the Plan will be
purchased from either the authorized but unissued shares of Common Stock held by
the Company and/or on the open market, by agents independent of the Company and
its affiliates.

      The purchase price for shares of Common Stock purchased through the Plan
will be 95% of the average price of shares of the Company sold in the open
market in the 14 day period preceding the dividend payment date.

5. COST TO YOU

      The Company will pay all brokerage commissions and administrative fees
connected with your participation in the Plan.

6. ACCOUNT STATEMENTS

      You will receive an account statement from the Company each time that
shares are purchased for you under the Plan. The statement will show the total
number of whole and fractional shares in your account to date, as well as the
amount of the most recent dividend, the number of shares purchased and the price
per share. The price is the average price of all shares purchased under the Plan
in connection with a given dividend. You should retain all account statements
for your personal accounting and record keeping purchases.


                                       2
<PAGE>

7. ELIGIBILITY

      All shareholders of record of Common Stock are eligible to participate in
the Plan and may do so by completing an Authorization Card.

8. ENROLLMENT

      To enroll in the Plan, just complete an authorization card and return it
to Registrar and Transfer Company, 10 Commerce Drive, Cranford NJ 07016-3572. If
your signed authorization card is received at least 15 days before a dividend
payment date, the Plan will go into effect for you with that dividend.
Otherwise, your participation will be deferred until the next dividend. Your
participation in the Plan will apply to all shares that are registered to you at
time of enrollment, plus all shares that you acquire while your authorization
remains in effect. If you sell all of your shares for which you have a
certificate, but your participation in the Plan is not terminated, dividends on
the shares held in your account under the Plan will continue to be reinvested.

9. TAXATION OF DIVIDENDS

      YOU WILL BE TAXED ON THE DIVIDENDS THAT ARE REINVESTED ON YOUR BEHALF,
JUST THE SAME AS YOU WOULD HAVE BEEN IF THEY HAD BEEN PAID DIRECTLY TO YOU. In
addition, the amount of any administrative fees paid for you by the Company in
connection with the purchase of shares will be taxed as a dividend to you. At
year-end, the Company will send all applicable tax information to you and to the
Internal Revenue Service. If you have any remaining tax questions, you should
consult your personal tax advisor.

10. CERTIFICATES

      Shares purchased for your account under the Plan will normally be held by
the Company, without charge. If you wish, however, a certificate or certificates
for whole shares credited to your account will be delivered to you upon your
written request to the Company.

11. VOTING OF SHARES

      You will be given the right to vote any shares including fractional shares
held for you under the Plan on the record date for a vote. Shares for which no
voting directions are received will not be voted.


                                       3
<PAGE>

12. FRACTIONAL SHARES

      While you are a participant in the Plan, the entire amount of your
dividend will be used to purchase shares of Common Stock. If the amount is not
equal to an exact number of whole shares, your account will be credited with a
fractional share (calculated to four decimal places). A fractional share will
earn dividends for you, in proportion to the size of the fraction just as full
shares do.

13. WITHDRAWAL FROM THE PLAN

      You may terminate your participation in the Plan at any time and for any
reason. To withdraw from the Plan, simply give written notice to the Committee
at least 15 days before a dividend payment date. Upon termination, you will
receive a certificate for the number of whole shares credited to your account
under the Plan, plus a check for any fraction of a share, valued at the then
current market price of the Common Stock.

14. QUESTIONS AND CORRESPONDENCE

      Please direct all questions and correspondence regarding the Plan to:
Stewardship Financial Corporation, Stock Compensation Committee, 630 Godwin
Avenue Midland Park, NJ 07432

15. TERMS AND CONDITIONS

      (a) PARTICIPATION; AGENT: The Stewardship Financial Corporation Dividend
Reinvestment Plan ("Plan") is available to shareholders of record of the Common
Stock of the Company. The Committee, acting as agent for each participant in the
Plan, will apply cash dividends which become payable to such participant on
shares of Common Stock (including shares held in the participant's name and
shares accumulated under the Plan), to the purchase of additional whole and
fractional shares of stock for such participant.

      (b) PRICE; STOCK PURCHASES: The purchase price for shares of common stock
purchased under this Plan shall be 95% of the average price of shares of Common
Stock sold in the open market for the fourteen (14) day period preceding the
dividend payment date. In making purchases for the accounts of participants, the
Committee may commingle the funds of one participant with those of other
participants in the Plan. In the case of each purchase, the price per share for
each participant's account shall be deemed to be the average price of all shares
purchased with the funds available from that dividend. The shares will be
purchased from either the authorized but unissued shares of Common Stock held by
the Company and/or on the open market, by agents independent of the Company and
its affiliates. The Committee shall have no responsibility with respect to the
market value of Common Stock acquired for participants under the Plan.

      (c) ACCOUNT STATEMENTS: Following each purchase of shares, the Company
will mail to each participant an account statement showing the cash dividends,
the number of shares purchased, the price per share, and the participant's total
shares accumulated under the Plan.


                                       4
<PAGE>

      (d) EXPENSES: There will be no expenses to participants for the
administration of the Plan. Administrative fees associated with the Plan, if
any, will be paid by the Company.

      (e) TAXATION OF DIVIDENDS: The reinvestment of dividends does not relieve
the participant of any taxes which may be payable on such dividends. Dividends
paid on accumulated shares, will be included in an annual information return
filed with the Internal Revenue Service. A copy of the return will be sent to
the participant, or the information included in the return will be shown on the
participant's final account statement for the year.

      (f) STOCK CERTIFICATES: No share certificates will be issued to a
participant unless the participant so requests or until the participant's
account is terminated. Such requests must be made in writing to the Corporate
Services Division.

      (g) VOTING OF SHARES: In connection with any matter requiring the vote of
shareholders of the Company, Plan participants shall be entitled to vote all
whole shares held in the Plan. Fractional shares will not be voted.

      (h) TERMINATION OF PARTICIPATION. A participant may terminate
participation in the Plan at any time by written instructions to the Committee.
To be effective on a dividend payment date, the Notice of Termination must be
received by the Committee at least 30 days before that dividend payment date.
Upon receipt of Notice of Termination from the participant, the Committee will
send to the participant a certificate for all whole shares in the participant's
account. Fractional shares credited to the terminated account will be paid in
cash at the then prevailing market rate. The Committee may also terminate any
participant's account at any time in its discretion by notice in writing mailed
to the participant.

      (i) STOCK DIVIDENDS, STOCK SPLITS, RIGHTS: Any stock dividends or stock
splits on Common Stock applicable to shares belonging to a participant under the
Plan, whether held in the participant's account or in the participant's own
name, will be credited to the participant's account. In the event the Company
makes available to its shareholders rights to purchase additional shares or
securities, participants under the Plan will receive a subscription warrant for
all such rights directly from the Company.

      (j) LIMITATION OF LIABILITY: Neither the Company, the Committee, nor any
party serving on the Committee, shall have any responsibility beyond the
exercise of ordinary care for any action taken or omitted pursuant to this
agreement; nor shall they have any duties, responsibilities or liabilities
except as are expressly set forth herein; nor shall they be liable for any act
done in good faith or for any good faith omission to act; nor shall they have
any liability in connection with an inability to purchase shares or with respect
to the timing or the price of any purchase.

      (k) AMENDMENT OF PLAN: This agreement may be amended, supplemented or
terminated by the Company or the Committee at any time by the delivery of
written notice to each participant at least 30 days prior to the effective date
of the amendment, supplement or termination. Any amendment or supplement shall
be deemed to be accepted by the participant unless, prior to its effective date,
the Committee receives written Notice of Termination of the participant's
account.


                                       5
<PAGE>

      (l) GOVERNING LAW: This agreement and the authorization card signed by the
participant (which is deemed a part of this agreement) and the participant's
account shall be governed by and construed in accordance with the laws of the
State of New Jersey. This agreement cannot be changed orally.



                                       6