CREDIT UNION OF NEW JERSEY is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.cunj.org for more information.
Dec, 31, 2023 — CREDIT UNION OF NEW JERSEY is a federally insured state chartered credit union headquartered in Ewing, NJ with 6 branch locations and about $420.65 million in total assets. Opened 81 years ago in 1943, CREDIT UNION OF NEW JERSEY has about 36,699 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION OF NEW JERSEY |
|---|---|
| Address: (Main Office) | 1301 Parkway Ave Ewing, NJ 08628 |
| Phone: | (609) 538-4061 |
| Fax: | (609) 538-4057 |
| Website: | https://www.cunj.org |
| Branches: | 6 branch locations |
| Members: | 36,699 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65597 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $420,646,205 |
| CEO/Manager: | Andrew L Jaeger |
| Chairperson: | Gary K Chizmadia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 91,644,161 |
| TOTAL INVESTMENTS | 24,521,791 |
| Loans Held for Sale | 418,800 |
| Real Estate Loans | 180,710,612 |
| Unsecured Loans | 35,740,046 |
| Other Loans | 71,194,579 |
| TOTAL LOANS | 287,645,237 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,917,576 |
| Land And Building | 5,018,830 |
| Other Fixed Assets | 1,472,898 |
| NCUSIF Deposit | 3,314,094 |
| All Other Assets | 10,527,970 |
| TOTAL ASSETS | 420,646,205 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 67,117 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,175,711 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 92,160,658 |
| Regular shares | 198,323,079 |
| All Other Shares & Deposits | 100,933,956 |
| TOTAL SHARES & DEPOSITS | 391,417,693 |
| TOTAL LIABILITIES | 393,660,521 |
| Regular Reserve | 3,770,086 |
| Other Reserves | 127,992 |
| Undivided Earnings | 23,087,606 |
| TOTAL EQUITY | 26,985,684 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 420,646,205 |
| INCOME & EXPENSE | |
| Loan Income | 3,410,313 |
| Investment Income | 31,132 |
| Other Income | 1,248,806 |
| Total Employee Compensation & Benefits | 1,806,079 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,597,840 |
| Non-operating Income & (Expense) | 311,387 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 359,308 |
| Cost of Funds | 130,234 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 900,014 |
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