Dec, 31, 2023 — FORT BILLINGS FEDERAL CREDIT UNION is a federal credit union headquartered in GIBBSTOWN, NJ with 2 branch locations and about $63.81 million in total assets. Opened 88 years ago in 1936, FORT BILLINGS FEDERAL CREDIT UNION has about 3,593 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FORT BILLINGS FEDERAL CREDIT UNION |
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Address: (Main Office) | 962 BILLINGSPORT RD GIBBSTOWN, NJ 08027 |
Phone: | (856) 423-1469 |
Fax: | (856) 423-9041 |
Website: | https://www.fortbillings.org |
Branches: | 2 branch locations |
Members: | 3,593 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1167 |
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Membership Type: | Multiple common bond - Primarily petroleum refining |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $63,807,450 |
CEO/Manager: | John J Greskiewicz |
Chairperson: | Anthony Toczylowski |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,881,838 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 22,153,260 |
Unsecured Loans | 2,147,821 |
Other Loans | 6,860,793 |
TOTAL LOANS | 31,161,874 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -146,920 |
Land And Building | 943,195 |
Other Fixed Assets | 233,835 |
NCUSIF Deposit | 609,147 |
All Other Assets | 0 |
TOTAL ASSETS | 63,807,450 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 32,247 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,414,718 |
Regular shares | 30,981,887 |
All Other Shares & Deposits | 13,979,928 |
TOTAL SHARES & DEPOSITS | 59,376,533 |
TOTAL LIABILITIES | 59,408,780 |
Regular Reserve | 0 |
Other Reserves | -386,787 |
Undivided Earnings | 4,785,457 |
TOTAL EQUITY | 4,398,670 |
TOTAL LIABILITIES, SHARES, & EQUITY | 63,807,450 |
INCOME & EXPENSE | |
Loan Income | 1,517,341 |
Investment Income | 484,957 |
Other Income | 177,031 |
Total Employee Compensation & Benefits | 1,341,756 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,128,007 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,843 |
Cost of Funds | 174,002 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 278,950 |
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