Dec, 31, 2023 — H. E. TELEPHONE FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHELLE PARK, NJ with 1 branch location and about $47.38 million in total assets. Opened 58 years ago in 1966, H. E. TELEPHONE FEDERAL CREDIT UNION has about 2,814 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | H. E. TELEPHONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 201 W Passaic St Ste 304 ROCHELLE PARK, NJ 07662-3126 |
| Phone: | (201) 845-6876 |
| Fax: | (201) 845-8792 |
| Website: | https://hetelfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,814 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17569 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $47,377,677 |
| CEO/Manager: | Frank Kiernan |
| Chairperson: | Michael E Savage |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,275,132 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,509,881 |
| Unsecured Loans | 3,771,414 |
| Other Loans | 3,703,165 |
| TOTAL LOANS | 24,984,460 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -374,801 |
| Land And Building | 0 |
| Other Fixed Assets | 36,665 |
| NCUSIF Deposit | 399,137 |
| All Other Assets | 0 |
| TOTAL ASSETS | 47,377,677 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 183,329 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 113,823 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,643,804 |
| Regular shares | 20,126,936 |
| All Other Shares & Deposits | 16,476,850 |
| TOTAL SHARES & DEPOSITS | 40,247,590 |
| TOTAL LIABILITIES | 40,544,742 |
| Regular Reserve | 0 |
| Other Reserves | 1,004,937 |
| Undivided Earnings | 5,827,998 |
| TOTAL EQUITY | 6,832,935 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 47,377,677 |
| INCOME & EXPENSE | |
| Loan Income | 1,449,233 |
| Investment Income | 477,203 |
| Other Income | 71,286 |
| Total Employee Compensation & Benefits | 797,562 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 459,807 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 87,400 |
| Cost of Funds | 504,872 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 190,736 |
| ↑ Back to Top | |