Dec, 31, 2023 — OCNAC #1 FEDERAL CREDIT UNION is a federal credit union headquartered in JERSEY CITY, NJ with 0 branch location and about $6.90 million in total assets. Opened 75 years ago in 1949, OCNAC #1 FEDERAL CREDIT UNION has about 2,365 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OCNAC #1 FEDERAL CREDIT UNION |
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Address: (Main Office) | 1082 summit ave JERSEY CITY, NJ 07307 |
Phone: | (201) 420-1026 |
Fax: | (201) 420-6281 |
Website: | https://ocnac.com |
Branches: | 0 branch locations |
Members: | 2,365 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5987 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,897,714 |
CEO/Manager: | Ivette Gamba |
Chairperson: | nicholas antonicello |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,671,699 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,703,158 |
Other Loans | 305,277 |
TOTAL LOANS | 2,008,435 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,365 |
Land And Building | 26,220 |
Other Fixed Assets | 1,489 |
NCUSIF Deposit | 72,075 |
All Other Assets | 0 |
TOTAL ASSETS | 6,897,714 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 73,205 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 6,139,860 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 6,139,860 |
TOTAL LIABILITIES | 6,213,065 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 684,649 |
TOTAL EQUITY | 684,649 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,897,714 |
INCOME & EXPENSE | |
Loan Income | 241,030 |
Investment Income | 139,955 |
Other Income | 6,408 |
Total Employee Compensation & Benefits | 103,217 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 144,085 |
Non-operating Income & (Expense) | 1,040 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 124,000 |
Cost of Funds | 8,410 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 16,380 |
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