Dec, 31, 2023 — BRIDGETON ONIZED FEDERAL CREDIT UNION is a federal credit union headquartered in CEDARVILLE, NJ with 2 branch locations and about $46.41 million in total assets. Opened 85 years ago in 1939, BRIDGETON ONIZED FEDERAL CREDIT UNION has about 7,163 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BRIDGETON ONIZED FEDERAL CREDIT UNION |
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Address: (Main Office) | 339 Main St CEDARVILLE, NJ 08311-2542 |
Phone: | (856) 692-4000 |
Fax: | (856) 367-7379 |
Website: | https://www.bofcu.com |
Branches: | 2 branch locations |
Members: | 7,163 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3476 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $46,411,762 |
CEO/Manager: | Tamara M Ciccioli |
Chairperson: | Charles D Cristello |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,243,572 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,188,976 |
Unsecured Loans | 7,065,108 |
Other Loans | 21,566,499 |
TOTAL LOANS | 34,820,583 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -727,563 |
Land And Building | 28,542 |
Other Fixed Assets | 35,890 |
NCUSIF Deposit | 419,286 |
All Other Assets | 0 |
TOTAL ASSETS | 46,411,762 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,031,675 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,590,188 |
Regular shares | 28,366,715 |
All Other Shares & Deposits | 2,013,623 |
TOTAL SHARES & DEPOSITS | 41,970,526 |
TOTAL LIABILITIES | 43,002,201 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,409,561 |
TOTAL EQUITY | 3,409,561 |
TOTAL LIABILITIES, SHARES, & EQUITY | 46,411,762 |
INCOME & EXPENSE | |
Loan Income | 2,284,213 |
Investment Income | 274,032 |
Other Income | 588,177 |
Total Employee Compensation & Benefits | 1,222,505 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,520,003 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 711,075 |
Cost of Funds | 56,803 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 194,035 |
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