Dec, 31, 2023 — UNION COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ELIZABETH, NJ with 0 branch location and about $7.66 million in total assets. Opened 63 years ago in 1961, UNION COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,145 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNION COUNTY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10 Elizabethtown Plz Fl 3 ELIZABETH, NJ 07202-3451 |
| Phone: | (908) 527-4014 |
| Fax: | (908) 558-2373 |
| Website: | https://unioncountycreditunion.com |
| Branches: | 0 branch locations |
| Members: | 1,145 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14329 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,656,424 |
| CEO/Manager: | Jerry Rajsz |
| Chairperson: | Lisa Bonanno |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,523,268 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 163,915 |
| Unsecured Loans | 1,218,079 |
| Other Loans | 701,114 |
| TOTAL LOANS | 2,083,108 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,739 |
| Land And Building | 0 |
| Other Fixed Assets | 6,330 |
| NCUSIF Deposit | 68,125 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,656,424 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 288 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 73,461 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,201,273 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,201,273 |
| TOTAL LIABILITIES | 6,275,022 |
| Regular Reserve | 0 |
| Other Reserves | 195,009 |
| Undivided Earnings | 1,186,393 |
| TOTAL EQUITY | 1,381,402 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,656,424 |
| INCOME & EXPENSE | |
| Loan Income | 181,680 |
| Investment Income | 199,992 |
| Other Income | 15,597 |
| Total Employee Compensation & Benefits | 88,074 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 198,634 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
| Cost of Funds | 1,170 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 74,702 |
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