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NORTH JERSEY FEDERAL CREDIT UNION

Mar, 31, 2022 — NORTH JERSEY FEDERAL CREDIT UNION is a federal credit union headquartered in TOTOWA, NJ with 3 branch locations and about $263.57 million in total assets. Opened 86 years ago in 1936, NORTH JERSEY FEDERAL CREDIT UNION has about 23,348 members and employs 55 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:http://njfcu.org
Branches:3 branch locations
Members:23,348
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:$263,568,347
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 37,387,221
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 94,878,602
 Unsecured Loans 6,988,940
 Other Loans 27,347,083
 TOTAL LOANS 129,214,625
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,935,272
 Land And Building 6,498,176
 Other Fixed Assets 795,963
 NCUSIF Deposit 2,342,236
 All Other Assets 167,200
  TOTAL ASSETS 263,568,347
LIABILITIES & CAPITAL:  
 Dividends Payable 328
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 284,575
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 49,256,506
 Regular shares 136,760,421
 All Other Shares & Deposits 60,785,203
  TOTAL SHARES & DEPOSITS 246,802,130
  TOTAL LIABILITIES 247,087,033
 Regular Reserve 0
 Other Reserves -2,230,082
 Undivided Earnings 18,711,396
  TOTAL EQUITY 16,481,314
  TOTAL LIABILITIES, SHARES, & EQUITY 263,568,347
INCOME & EXPENSE  
 Loan Income 1,305,748
 Investment Income 242,671
 Other Income 494,177
 Total Employee Compensation & Benefits 963,267
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,074,494
 Non-operating Income & (Expense) 28,671
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -80,400
 Cost of Funds 59,572
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 246,846
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