Dec, 31, 2023 — N. J. LATVIAN FEDERAL CREDIT UNION is a federal credit union headquartered in FREEHOLD, NJ with 1 branch location and about $6.11 million in total assets. Opened 53 years ago in 1971, N. J. LATVIAN FEDERAL CREDIT UNION has about 148 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | N. J. LATVIAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1017 State Route 33 FREEHOLD, NJ 07728-8440 |
| Phone: | (732) 336-0033 |
| Fax: | |
| Website: | https://njlatviancreditunion.com |
| Branches: | 1 branch locations |
| Members: | 148 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20463 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,109,764 |
| CEO/Manager: | Daiga Bruveris |
| Chairperson: | Maris Sermolins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,051,111 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 74,434 |
| Other Loans | 188,481 |
| TOTAL LOANS | 262,915 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,359 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 69,108 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,109,764 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 937,524 |
| All Other Shares & Deposits | 4,747,446 |
| TOTAL SHARES & DEPOSITS | 5,684,970 |
| TOTAL LIABILITIES | 5,684,970 |
| Regular Reserve | 0 |
| Other Reserves | -108,667 |
| Undivided Earnings | 533,461 |
| TOTAL EQUITY | 424,794 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,109,764 |
| INCOME & EXPENSE | |
| Loan Income | 9,999 |
| Investment Income | 208,740 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 32,696 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 42,721 |
| Non-operating Income & (Expense) | 807 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 86,628 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -48,611 |
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