Dec, 31, 2023 — LOCAL 1233 FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $12.76 million in total assets. Opened 53 years ago in 1971, LOCAL 1233 FEDERAL CREDIT UNION has about 884 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOCAL 1233 FEDERAL CREDIT UNION |
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Address: (Main Office) | 19 Fenwick St NEWARK, NJ 07114 |
Phone: | (973) 824-7246 |
Fax: | (973) 824-3107 |
Website: | https://www.local1233fcu.org |
Branches: | 1 branch locations |
Members: | 884 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20773 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,763,917 |
CEO/Manager: | Khadija Rover |
Chairperson: | Anthony Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,743,675 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 3,139,787 |
Other Loans | 2,510,448 |
TOTAL LOANS | 5,650,235 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -116,884 |
Land And Building | 0 |
Other Fixed Assets | 47,805 |
NCUSIF Deposit | 107,584 |
All Other Assets | 0 |
TOTAL ASSETS | 12,763,917 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 24,070 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 115,452 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 10,449,806 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 10,449,806 |
TOTAL LIABILITIES | 10,589,328 |
Regular Reserve | 0 |
Other Reserves | 67,214 |
Undivided Earnings | 2,107,375 |
TOTAL EQUITY | 2,174,589 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,763,917 |
INCOME & EXPENSE | |
Loan Income | 462,235 |
Investment Income | 128,082 |
Other Income | 25,996 |
Total Employee Compensation & Benefits | 269,602 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 171,965 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
Cost of Funds | 98,399 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 102,089 |
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