Dec, 31, 2023 — MANVILLE AREA FEDERAL CREDIT UNION is a federal credit union headquartered in MANVILLE, NJ with 1 branch location and about $30.26 million in total assets. Opened 87 years ago in 1937, MANVILLE AREA FEDERAL CREDIT UNION has about 1,901 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MANVILLE AREA FEDERAL CREDIT UNION |
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Address: (Main Office) | 43 S Main St MANVILLE, NJ 08835-1801 |
Phone: | (908) 526-8844 |
Fax: | (908) 526-3355 |
Website: | https://www.manville.org |
Branches: | 1 branch locations |
Members: | 1,901 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2168 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,261,007 |
CEO/Manager: | Marc Vogel |
Chairperson: | Walter Tanalski, Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,546,812 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,049,855 |
Unsecured Loans | 430,629 |
Other Loans | 2,607,410 |
TOTAL LOANS | 17,087,895 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,259 |
Land And Building | 0 |
Other Fixed Assets | 1,250 |
NCUSIF Deposit | 268,648 |
All Other Assets | 0 |
TOTAL ASSETS | 30,261,007 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 123,353 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,829,958 |
Regular shares | 16,370,377 |
All Other Shares & Deposits | 7,475,221 |
TOTAL SHARES & DEPOSITS | 26,675,557 |
TOTAL LIABILITIES | 26,798,910 |
Regular Reserve | 0 |
Other Reserves | 481,441 |
Undivided Earnings | 2,980,656 |
TOTAL EQUITY | 3,462,097 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,261,007 |
INCOME & EXPENSE | |
Loan Income | 606,328 |
Investment Income | 431,801 |
Other Income | 87,829 |
Total Employee Compensation & Benefits | 415,905 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 478,057 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,268 |
Cost of Funds | 153,260 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 69,178 |
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