Dec, 31, 2023 — ENTERTAINMENT INDUSTRIES FEDERAL CREDIT UNION is a federal credit union headquartered in ELIZABETH, NJ with 1 branch location and about $15.76 million in total assets. Opened 49 years ago in 1975, ENTERTAINMENT INDUSTRIES FEDERAL CREDIT UNION has about 1,912 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: | ENTERTAINMENT INDUSTRIES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 16 W Grand St ELIZABETH, NJ 07201-2312 |
| Phone: | (908) 282-9881 |
| Fax: | (908) 282-9885 |
| Website: | https://www.eicu.org |
| Branches: | 1 branch locations |
| Members: | 1,912 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22032 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,764,142 |
| CEO/Manager: | John C Gibardi |
| Chairperson: | Richard Heun |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 833,460 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,399,387 |
| Unsecured Loans | 3,568,723 |
| Other Loans | 716,511 |
| TOTAL LOANS | 9,684,622 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -299,299 |
| Land And Building | 781,925 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 132,926 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,764,142 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,049 |
| Notes & Interest Payable | -501,019 |
| Accounts Payable & Other Liabilities | 1,606,666 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 501,019 |
| Share Drafts | 1,357,704 |
| Regular shares | 8,796,068 |
| All Other Shares & Deposits | 2,701,432 |
| TOTAL SHARES & DEPOSITS | 12,855,206 |
| TOTAL LIABILITIES | 14,478,921 |
| Regular Reserve | 0 |
| Other Reserves | 443,514 |
| Undivided Earnings | 841,707 |
| TOTAL EQUITY | 1,285,221 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,764,142 |
| INCOME & EXPENSE | |
| Loan Income | 622,366 |
| Investment Income | 188,242 |
| Other Income | 49,528 |
| Total Employee Compensation & Benefits | 458,490 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 398,541 |
| Non-operating Income & (Expense) | 767,943 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
| Cost of Funds | 31,210 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 751,054 |
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