Dec, 31, 2023 — TEANECK FEDERAL CREDIT UNION is a federal credit union headquartered in TEANECK, NJ with 1 branch location and about $15.71 million in total assets. Opened 87 years ago in 1937, TEANECK FEDERAL CREDIT UNION has about 1,019 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEANECK FEDERAL CREDIT UNION |
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Address: (Main Office) | 100 ELIZABETH AVE TEANECK, NJ 07666 |
Phone: | (201) 837-1316 |
Fax: | (201) 837-9522 |
Website: | https://teaneckfcu.com |
Branches: | 1 branch locations |
Members: | 1,019 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2021 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,705,727 |
CEO/Manager: | MARLA COMPA |
Chairperson: | JOHN DEAN |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,542,614 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,742,964 |
Unsecured Loans | 2,818,874 |
Other Loans | 893,939 |
TOTAL LOANS | 6,455,778 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,682 |
Land And Building | 0 |
Other Fixed Assets | 8,301 |
NCUSIF Deposit | 131,549 |
All Other Assets | 0 |
TOTAL ASSETS | 15,705,727 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16,525 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,765 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,639,092 |
Regular shares | 8,904,322 |
All Other Shares & Deposits | 2,099,747 |
TOTAL SHARES & DEPOSITS | 13,643,159 |
TOTAL LIABILITIES | 13,666,449 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,039,278 |
TOTAL EQUITY | 2,039,278 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,705,727 |
INCOME & EXPENSE | |
Loan Income | 311,092 |
Investment Income | 162,265 |
Other Income | 22,981 |
Total Employee Compensation & Benefits | 213,128 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 180,707 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,500 |
Cost of Funds | 37,702 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 45,108 |
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