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NORTH JERSEY FEDERAL CREDIT UNION

Jun, 30, 2023 — NORTH JERSEY FEDERAL CREDIT UNION is a federal credit union headquartered in TOTOWA, NJ with 3 branch locations and about $253.47 million in total assets. Opened 88 years ago in 1936, NORTH JERSEY FEDERAL CREDIT UNION has about 23,232 members and employs 53 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221275025
Name:NORTH JERSEY FEDERAL CREDIT UNION
Address:
(Main Office)
711 Union Blvd
TOTOWA, NJ 07512-2207
Phone:(973) 785-9200
Fax:(973) 785-3264
Website:https://njfcu.org
Branches:3 branch locations
Members:23,232
Credit Union Type:Federal Credit Union
Charter Number:1015
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1936
Last Audited:Sep 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$253,474,514
CEO/Manager:Anna Lo
Chairperson:George Hampton

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 22,887,974
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 98,402,315
 Unsecured Loans 6,714,543
 Other Loans 29,922,750
 TOTAL LOANS 135,039,608
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,876,905
 Land And Building 6,443,326
 Other Fixed Assets 1,320,655
 NCUSIF Deposit 2,343,943
 All Other Assets 179,700
  TOTAL ASSETS 253,474,514
LIABILITIES & CAPITAL:  
 Dividends Payable 11
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 452,680
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 50,434,537
 Regular shares 132,888,879
 All Other Shares & Deposits 57,925,770
  TOTAL SHARES & DEPOSITS 241,249,186
  TOTAL LIABILITIES 241,701,877
 Regular Reserve 0
 Other Reserves -7,330,923
 Undivided Earnings 19,103,560
  TOTAL EQUITY 11,772,637
  TOTAL LIABILITIES, SHARES, & EQUITY 253,474,514
INCOME & EXPENSE  
 Loan Income 4,021,667
 Investment Income 966,848
 Other Income 1,464,514
 Total Employee Compensation & Benefits 3,496,695
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,183,051
 Non-operating Income & (Expense) 467,461
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -29,764
 Cost of Funds 187,352
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 634,009
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