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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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