Dec, 31, 2023 — PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $13.66 million in total assets. Opened 71 years ago in 1953, PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION has about 949 members and employs 4 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 PLAZA FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 80 Park Plz NEWARK, NJ 07102 |
Phone: | (973) 430-7923 |
Fax: | (973) 621-2126 |
Website: | https://psplazafcu.com |
Branches: | 1 branch locations |
Members: | 949 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8993 |
---|---|
Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,659,502 |
CEO/Manager: | Jeff Nelson |
Chairperson: | Willie Josey |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 384,316 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 747,208 |
Other Loans | 875,606 |
TOTAL LOANS | 1,622,814 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,352 |
Land And Building | 0 |
Other Fixed Assets | 689 |
NCUSIF Deposit | 142,352 |
All Other Assets | 0 |
TOTAL ASSETS | 13,659,502 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 48,515 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,431 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 11,109,200 |
All Other Shares & Deposits | 60,000 |
TOTAL SHARES & DEPOSITS | 11,169,200 |
TOTAL LIABILITIES | 11,229,146 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,430,356 |
TOTAL EQUITY | 2,430,356 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,659,502 |
INCOME & EXPENSE | |
Loan Income | 100,174 |
Investment Income | 180,952 |
Other Income | 2,661 |
Total Employee Compensation & Benefits | 125,390 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 83,222 |
Non-operating Income & (Expense) | 600 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,160 |
Cost of Funds | 102,495 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -86,154 |
↑ Back to Top |