Dec, 31, 2023 — MEMBER'S 1ST OF NJ FEDERAL CREDIT UNION is a federal credit union headquartered in VINELAND, NJ with 2 branch locations and about $83.05 million in total assets. Opened 86 years ago in 1938, MEMBER'S 1ST OF NJ FEDERAL CREDIT UNION has about 9,697 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEMBER'S 1ST OF NJ FEDERAL CREDIT UNION |
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Address: (Main Office) | 37 W Landis Ave VINELAND, NJ 08360-8122 |
Phone: | (856) 696-0767 |
Fax: | (856) 696-3579 |
Website: | https://www.membersonenj.org |
Branches: | 2 branch locations |
Members: | 9,697 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2574 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $83,051,633 |
CEO/Manager: | Eileen Crean |
Chairperson: | John L Henderson |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,093,840 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,967,259 |
Unsecured Loans | 10,695,727 |
Other Loans | 23,789,064 |
TOTAL LOANS | 49,452,050 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -295,683 |
Land And Building | 3,382,095 |
Other Fixed Assets | 51,188 |
NCUSIF Deposit | 777,478 |
All Other Assets | 60,120 |
TOTAL ASSETS | 83,051,633 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,022,648 |
Accounts Payable & Other Liabilities | 322,880 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,146,807 |
Regular shares | 47,923,790 |
All Other Shares & Deposits | 12,445,156 |
TOTAL SHARES & DEPOSITS | 75,515,752 |
TOTAL LIABILITIES | 76,861,280 |
Regular Reserve | 0 |
Other Reserves | 469,462 |
Undivided Earnings | 5,720,891 |
TOTAL EQUITY | 6,190,353 |
TOTAL LIABILITIES, SHARES, & EQUITY | 83,051,633 |
INCOME & EXPENSE | |
Loan Income | 2,449,178 |
Investment Income | 396,272 |
Other Income | 799,190 |
Total Employee Compensation & Benefits | 1,210,624 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,314,460 |
Non-operating Income & (Expense) | 650,266 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,925 |
Cost of Funds | 303,569 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 379,328 |
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