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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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 |
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