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PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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
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