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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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