Dec, 31, 2023 — PUBLIC SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLESEX, NJ with 1 branch location and about $42.76 million in total assets. Opened 67 years ago in 1957, PUBLIC SERVICE FEDERAL CREDIT UNION has about 3,827 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PUBLIC SERVICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 619 Union Ave MIDDLESEX, NJ 08846 |
| Phone: | (732) 805-9000 |
| Fax: | (732) 805-0539 |
| Website: | https://www.psfcunj.com |
| Branches: | 1 branch locations |
| Members: | 3,827 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11779 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,759,004 |
| CEO/Manager: | Amanda Gannon |
| Chairperson: | Harrison Burd Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 491,837 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,984,432 |
| Unsecured Loans | 3,556,801 |
| Other Loans | 13,415,852 |
| TOTAL LOANS | 18,957,089 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,450 |
| Land And Building | 139,439 |
| Other Fixed Assets | 5,972 |
| NCUSIF Deposit | 366,639 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,759,004 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 81,583 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,618,847 |
| Regular shares | 14,907,475 |
| All Other Shares & Deposits | 19,486,349 |
| TOTAL SHARES & DEPOSITS | 37,012,671 |
| TOTAL LIABILITIES | 37,094,254 |
| Regular Reserve | 0 |
| Other Reserves | 444,193 |
| Undivided Earnings | 5,220,557 |
| TOTAL EQUITY | 5,664,750 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,759,004 |
| INCOME & EXPENSE | |
| Loan Income | 995,857 |
| Investment Income | 394,809 |
| Other Income | 56,528 |
| Total Employee Compensation & Benefits | 376,368 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 475,545 |
| Non-operating Income & (Expense) | 24,007 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,450 |
| Cost of Funds | 542,152 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -50,781 |
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