Credit Unions Near Me
National Credit Union Service Organization

KEARNY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — KEARNY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in KEARNY, NJ with 2 branch locations and about $9.40 million in total assets. Opened 69 years ago in 1955, KEARNY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 745 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:KEARNY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
645 kearny ave
KEARNY, NJ 07032
Phone:(201) 997-8434
Fax:(201) 942-2593
Website:n/a
Branches:2 branch locations
Members:745
Credit Union Type:Federal Credit Union
Charter Number:10614
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$9,397,482
CEO/Manager:william j pettigrew
Chairperson:martin rowe

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 464,804
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 669,199
 Other Loans 468,745
 TOTAL LOANS 1,137,944
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -68,888
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 82,348
 All Other Assets 0
  TOTAL ASSETS 9,397,482
LIABILITIES & CAPITAL:  
 Dividends Payable 21,861
 Notes & Interest Payable 350,000
 Accounts Payable & Other Liabilities 100
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,888,660
 All Other Shares & Deposits 542,872
  TOTAL SHARES & DEPOSITS 7,431,532
  TOTAL LIABILITIES 7,803,493
 Regular Reserve 0
 Other Reserves 82,563
 Undivided Earnings 1,511,426
  TOTAL EQUITY 1,593,989
  TOTAL LIABILITIES, SHARES, & EQUITY 9,397,482
INCOME & EXPENSE  
 Loan Income 110,188
 Investment Income 52,348
 Other Income 3,170
 Total Employee Compensation & Benefits 77,017
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 44,140
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -11,239
 Cost of Funds 99,893
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -44,105
↑ Back to Top

Other Credit Unions

WEST HUDSON TEACHERS FEDERAL CREDIT UNION
180 Prospect Ave
NORTH ARLINGTON, NJ 07031-5808
NEWARK POLICE FEDERAL CREDIT UNION
1 Lincoln AVe
NEWARK, NJ 07104
ESSEX COUNTY NJ EMPLOYEES FEDERAL CREDIT UNION
465 Dr Martin Luther King Jr Blvd,
NEWARK, NJ 07102-1705
I.L.A. LOCAL 1235 FEDERAL CREDIT UNION
327 Milltown RD
SPRINGFIELD, NJ 07081
NEWARK POST OFFICE EMPLOYEES CREDIT UNION
2 Federal Sq
NEWARK, NJ 07102-3515
OCNAC #1 FEDERAL CREDIT UNION
1082 summit ave
JERSEY CITY, NJ 07307
HARRISON POLICE & FIREMEN'S FEDERAL CREDIT UNION
326 Harrison Ave
HARRISON, NJ 07029-3059
NEWARK FIREMEN FEDERAL CREDIT UNION
106 Fleming Ave
NEWARK, NJ 07105-4015
JERSEY CITY FIREMEN FEDERAL CREDIT UNION
666 Summit Ave
JERSEY CITY, NJ 07306-2509
PATH FEDERAL CREDIT UNION
1 Path Plz
JERSEY CITY, NJ 07306