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National Credit Union Service Organization

JERSEY CITY FIREMEN FEDERAL CREDIT UNION

Dec, 31, 2023 — JERSEY CITY FIREMEN FEDERAL CREDIT UNION is a federal credit union headquartered in JERSEY CITY, NJ with 1 branch location and about $12.33 million in total assets. Opened 74 years ago in 1950, JERSEY CITY FIREMEN FEDERAL CREDIT UNION has about 1,294 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:JERSEY CITY FIREMEN FEDERAL CREDIT UNION
Address:
(Main Office)
666 Summit Ave
JERSEY CITY, NJ 07306-2509
Phone:(201) 653-8900
Fax:(201) 653-8900
Website:n/a
Branches:1 branch locations
Members:1,294
Credit Union Type:Federal Credit Union
Charter Number:6700
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1950
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$12,334,467
CEO/Manager:Patrick J Lacey
Chairperson:Thomas Damato

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 500,907
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,903,344
 Other Loans 2,962,950
 TOTAL LOANS 4,866,294
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -105,705
 Land And Building 464,912
 Other Fixed Assets 5,475
 NCUSIF Deposit 70,074
 All Other Assets 0
  TOTAL ASSETS 12,334,467
LIABILITIES & CAPITAL:  
 Dividends Payable 26,342
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 426,513
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,462,710
 All Other Shares & Deposits 1,087,731
  TOTAL SHARES & DEPOSITS 6,550,441
  TOTAL LIABILITIES 7,003,296
 Regular Reserve 0
 Other Reserves 1,824,021
 Undivided Earnings 3,507,150
  TOTAL EQUITY 5,331,171
  TOTAL LIABILITIES, SHARES, & EQUITY 12,334,467
INCOME & EXPENSE  
 Loan Income 402,970
 Investment Income 73,900
 Other Income 551
 Total Employee Compensation & Benefits 278,721
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 138,182
 Non-operating Income & (Expense) 27,712
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 83,000
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,691
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