Dec, 31, 2023 — HOBOKEN N J POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in HOBOKEN, NJ with 2 branch locations and about $9.48 million in total assets. Opened 71 years ago in 1953, HOBOKEN N J POLICE FEDERAL CREDIT UNION has about 769 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOBOKEN N J POLICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 95 RIVER ST HOBOKEN, NJ 07030 |
Phone: | (201) 420-2129 |
Fax: | (201) 659-1959 |
Website: | n/a |
Branches: | 2 branch locations |
Members: | 769 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9075 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,483,057 |
CEO/Manager: | CHARLES KOSBAB |
Chairperson: | ANTHONY ROMANO |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,030,994 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,414,444 |
Unsecured Loans | 1,949,977 |
Other Loans | 1,284,119 |
TOTAL LOANS | 6,648,540 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,053 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 74,362 |
All Other Assets | 0 |
TOTAL ASSETS | 9,483,057 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 93,621 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 91,727 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,478,684 |
All Other Shares & Deposits | 3,432,484 |
TOTAL SHARES & DEPOSITS | 6,911,168 |
TOTAL LIABILITIES | 7,096,516 |
Regular Reserve | 0 |
Other Reserves | 310,443 |
Undivided Earnings | 2,076,098 |
TOTAL EQUITY | 2,386,541 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,483,057 |
INCOME & EXPENSE | |
Loan Income | 441,703 |
Investment Income | 94,686 |
Other Income | 4,170 |
Total Employee Compensation & Benefits | 256,127 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 75,427 |
Non-operating Income & (Expense) | 1,187 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,000 |
Cost of Funds | 131,718 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 72,474 |
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