Dec, 31, 2023 — ENERGY PEOPLE FEDERAL CREDIT UNION is a federal credit union headquartered in TABERNACLE, NJ with 1 branch location and about $18.59 million in total assets. Opened 64 years ago in 1960, ENERGY PEOPLE FEDERAL CREDIT UNION has about 1,334 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ENERGY PEOPLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 39 Wicklow Dr TABERNACLE, NJ 08088-8640 |
| Phone: | (609) 268-9222 |
| Fax: | (609) 268-7350 |
| Website: | https://energypeoplefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,334 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13729 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,588,719 |
| CEO/Manager: | Janice B Hughes |
| Chairperson: | Robert Solomen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 771,290 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,061,634 |
| Unsecured Loans | 1,104,846 |
| Other Loans | 8,103,141 |
| TOTAL LOANS | 16,269,621 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,883 |
| Land And Building | 0 |
| Other Fixed Assets | 107,368 |
| NCUSIF Deposit | 148,778 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,588,719 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,669 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,434,496 |
| All Other Shares & Deposits | 5,846,957 |
| TOTAL SHARES & DEPOSITS | 15,281,453 |
| TOTAL LIABILITIES | 15,311,122 |
| Regular Reserve | 0 |
| Other Reserves | 436,555 |
| Undivided Earnings | 2,841,042 |
| TOTAL EQUITY | 3,277,597 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,588,719 |
| INCOME & EXPENSE | |
| Loan Income | 828,290 |
| Investment Income | 36,334 |
| Other Income | 24,100 |
| Total Employee Compensation & Benefits | 462,262 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 190,672 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,749 |
| Cost of Funds | 197,672 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 35,369 |
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