Dec, 31, 2023 — NESTLE (FREEHOLD) EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, NJ with 0 branch location and about $1.59 million in total assets. Opened 48 years ago in 1976, NESTLE (FREEHOLD) EMPLOYEES FEDERAL CREDIT UNION has about 168 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NESTLE (FREEHOLD) EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 16 Locust Ave JACKSON, NJ 08527 |
| Phone: | (908) 216-7595 |
| Fax: | |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 168 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22449 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,591,909 |
| CEO/Manager: | LUANN AGLIETTI |
| Chairperson: | PETER AGLIETTI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 245,111 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 226,594 |
| Other Loans | 1,154,480 |
| TOTAL LOANS | 1,381,074 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,000 |
| Land And Building | 0 |
| Other Fixed Assets | 20 |
| NCUSIF Deposit | 19,348 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,591,909 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,558 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,986 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 932,228 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 932,228 |
| TOTAL LIABILITIES | 947,772 |
| Regular Reserve | 0 |
| Other Reserves | 46,757 |
| Undivided Earnings | 597,380 |
| TOTAL EQUITY | 644,137 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,591,909 |
| INCOME & EXPENSE | |
| Loan Income | 94,592 |
| Investment Income | 13,324 |
| Other Income | 91 |
| Total Employee Compensation & Benefits | 47,280 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,264 |
| Non-operating Income & (Expense) | 2,878 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,000 |
| Cost of Funds | 14,900 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,441 |
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