Dec, 31, 2023 — NEW JERSEY LAW AND PUBLIC SAFETY CREDIT UNION is a federally insured state chartered credit union headquartered in TRENTON, NJ with 2 branch locations and about $55.66 million in total assets. Opened 69 years ago in 1955, NEW JERSEY LAW AND PUBLIC SAFETY CREDIT UNION has about 7,717 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW JERSEY LAW AND PUBLIC SAFETY CREDIT UNION |
|---|---|
| Address: (Main Office) | 225 E State St TRENTON, NJ 08608-1800 |
| Phone: | (609) 393-0046 |
| Fax: | (609) 393-0241 |
| Website: | https://www.njlpscu.org |
| Branches: | 2 branch locations |
| Members: | 7,717 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66130 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,655,961 |
| CEO/Manager: | Darryl Belinski |
| Chairperson: | Rosanne Fairbanks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,212,141 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,902,810 |
| Unsecured Loans | 7,337,352 |
| Other Loans | 16,574,867 |
| TOTAL LOANS | 39,815,029 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -394,654 |
| Land And Building | 0 |
| Other Fixed Assets | 102,992 |
| NCUSIF Deposit | 461,971 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,655,961 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 252,399 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 154,665 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,446,536 |
| Regular shares | 34,457,687 |
| All Other Shares & Deposits | 4,050,805 |
| TOTAL SHARES & DEPOSITS | 44,955,028 |
| TOTAL LIABILITIES | 45,362,092 |
| Regular Reserve | 0 |
| Other Reserves | 840,000 |
| Undivided Earnings | 9,453,869 |
| TOTAL EQUITY | 10,293,869 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,655,961 |
| INCOME & EXPENSE | |
| Loan Income | 2,192,907 |
| Investment Income | 400,640 |
| Other Income | 409,918 |
| Total Employee Compensation & Benefits | 880,440 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 873,928 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,877 |
| Cost of Funds | 332,637 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 817,583 |
| ↑ Back to Top | |