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NORTH JERSEY FEDERAL CREDIT UNION

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.


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:23,794
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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
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
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