Dec, 31, 2023 — NORTH JERSEY FEDERAL CREDIT UNION is a federal credit union headquartered in TOTOWA, NJ with 3 branch locations and about $232.61 million in total assets. Opened 88 years ago in 1936, NORTH JERSEY FEDERAL CREDIT UNION has about 23,794 members and employs 61 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 |
---|---|
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: | 23,794 |
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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $232,611,951 |
CEO/Manager: | Richard Garcia |
Chairperson: | George Hampton |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 12,691,798 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 101,893,704 |
Unsecured Loans | 6,924,426 |
Other Loans | 39,664,034 |
TOTAL LOANS | 148,482,164 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,571,412 |
Land And Building | 6,357,892 |
Other Fixed Assets | 1,250,253 |
NCUSIF Deposit | 2,248,658 |
All Other Assets | 91,200 |
TOTAL ASSETS | 232,611,951 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 297,556 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 47,224,443 |
Regular shares | 119,166,818 |
All Other Shares & Deposits | 50,993,073 |
TOTAL SHARES & DEPOSITS | 217,384,334 |
TOTAL LIABILITIES | 217,681,896 |
Regular Reserve | 0 |
Other Reserves | -5,949,813 |
Undivided Earnings | 20,879,868 |
TOTAL EQUITY | 14,930,055 |
TOTAL LIABILITIES, SHARES, & EQUITY | 232,611,951 |
INCOME & EXPENSE | |
Loan Income | 6,327,744 |
Investment Income | 1,665,555 |
Other Income | 1,679,298 |
Total Employee Compensation & Benefits | 4,725,449 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,652,010 |
Non-operating Income & (Expense) | 1,947,055 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 421,750 |
Cost of Funds | 331,214 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,640,875 |
↑ Back to Top |