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JERSEY CENTRAL FEDERAL CREDIT UNION

Dec, 31, 2023 — JERSEY CENTRAL FEDERAL CREDIT UNION is a federal credit union headquartered in CRANFORD, NJ with 1 branch location and about $22.13 million in total assets. Opened 87 years ago in 1937, JERSEY CENTRAL FEDERAL CREDIT UNION has about 4,046 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:JERSEY CENTRAL FEDERAL CREDIT UNION
Address:
(Main Office)
23 North Ave E
CRANFORD, NJ 07016-2196
Phone:(908) 272-3040
Fax:(908) 272-6029
Website:https://www.jerseycentralfcu.com
Branches:1 branch locations
Members:4,046
Credit Union Type:Federal Credit Union
Charter Number:2493
Membership Type:Multiple common bond - Primarily transportation
Corporate Credit Union:No
Year Opened:1937
Last Audited:Sep 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$22,125,633
CEO/Manager:Chris Chichester
Chairperson:Louis Ellis

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents -7,007
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,494,091
 Unsecured Loans 5,686,604
 Other Loans 4,398,405
 TOTAL LOANS 13,579,100
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -258,667
 Land And Building 0
 Other Fixed Assets 31,325
 NCUSIF Deposit 175,025
 All Other Assets 0
  TOTAL ASSETS 22,125,633
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 381,687
 Accounts Payable & Other Liabilities 66,297
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 821,156
 Regular shares 13,819,783
 All Other Shares & Deposits 2,825,834
  TOTAL SHARES & DEPOSITS 17,466,773
  TOTAL LIABILITIES 17,914,757
 Regular Reserve 0
 Other Reserves 687,837
 Undivided Earnings 3,523,039
  TOTAL EQUITY 4,210,876
  TOTAL LIABILITIES, SHARES, & EQUITY 22,125,633
INCOME & EXPENSE  
 Loan Income 1,254,608
 Investment Income 111,080
 Other Income 169,684
 Total Employee Compensation & Benefits 687,283
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 618,209
 Non-operating Income & (Expense) 82,828
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 110,869
 Cost of Funds 184,735
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 17,104
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