Dec, 31, 2023 — COUNTY EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in ROSELLE PARK, NJ with 2 branch locations and about $122.90 million in total assets. Opened 89 years ago in 1935, COUNTY EDUCATORS FEDERAL CREDIT UNION has about 8,903 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COUNTY EDUCATORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 16 E Lincoln Ave ROSELLE PARK, NJ 07204-1743 |
Phone: | (908) 245-0173 |
Fax: | (908) 245-5953 |
Website: | https://www.countyedfcu.org |
Branches: | 2 branch locations |
Members: | 8,903 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 120 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $122,902,222 |
CEO/Manager: | Judy Pinho |
Chairperson: | Frank Malta |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,774,019 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,466,412 |
Unsecured Loans | 7,482,056 |
Other Loans | 13,175,983 |
TOTAL LOANS | 44,124,451 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -342,392 |
Land And Building | 5,602,944 |
Other Fixed Assets | 57,748 |
NCUSIF Deposit | 1,149,087 |
All Other Assets | 0 |
TOTAL ASSETS | 122,902,222 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 203,607 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,449,623 |
Regular shares | 71,755,421 |
All Other Shares & Deposits | 22,732,780 |
TOTAL SHARES & DEPOSITS | 112,937,824 |
TOTAL LIABILITIES | 113,141,431 |
Regular Reserve | 0 |
Other Reserves | 569,847 |
Undivided Earnings | 9,190,944 |
TOTAL EQUITY | 9,760,791 |
TOTAL LIABILITIES, SHARES, & EQUITY | 122,902,222 |
INCOME & EXPENSE | |
Loan Income | 2,812,859 |
Investment Income | 1,469,667 |
Other Income | 730,354 |
Total Employee Compensation & Benefits | 2,069,589 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,069,292 |
Non-operating Income & (Expense) | -91,510 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 279,709 |
Cost of Funds | 409,004 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 239,028 |
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