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NORTH JERSEY FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTH JERSEY FEDERAL CREDIT UNION is a federal credit union headquartered in Totowa, NJ with 3 branch locations and about $259.11 million in total assets. Opened 85 years ago in 1936, NORTH JERSEY FEDERAL CREDIT UNION has about 23,673 members and employs 57 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:23,673
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$259,105,459
CEO/Manager:Anna Lo
Chairperson:Helen Mault

Call Report

  • Commercial Loans
  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 58,088,640
TOTAL INVESTMENTS 47,692,564
Loans Held for Sale 0
 
 Real Estate Loans 93,649,330
 Unsecured Loans 8,445,296
 Other Loans 29,496,870
 TOTAL LOANS 131,591,496
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,197,866
 Land And Building 6,592,002
 Other Fixed Assets 217,445
 NCUSIF Deposit 2,118,077
 All Other Assets 15,003,101
  TOTAL ASSETS 259,105,459
LIABILITIES & CAPITAL:  
 Dividends Payable 177
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 574,660
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 46,850,369
 Regular shares 129,315,769
 All Other Shares & Deposits 62,820,786
  TOTAL SHARES & DEPOSITS 238,986,924
  TOTAL LIABILITIES 239,561,761
 Regular Reserve 2,214,567
 Other Reserves -708,596
 Undivided Earnings 18,037,727
  TOTAL EQUITY 19,543,698
  TOTAL LIABILITIES, SHARES, & EQUITY 259,105,459
INCOME & EXPENSE  
 Loan Income 1,379,256
 Investment Income 153,862
 Other Income 335,918
 Total Employee Compensation & Benefits 975,682
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 957,547
 Non-operating Income & (Expense) -18,596
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 164,374
 Cost of Funds 86,328
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -139,579
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