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.
Name: | NORTH JERSEY FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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