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NORTH JERSEY FEDERAL CREDIT UNION

Dec, 31, 2020 — NORTH JERSEY FEDERAL CREDIT UNION is a federal credit union headquartered in TOTOWA, NJ with 3 branch locations and about $245.57 million in total assets. Opened 85 years ago in 1936, NORTH JERSEY FEDERAL CREDIT UNION has about 23,462 members and employs 60 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:23,462
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$245,568,280
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 48,418,022
TOTAL INVESTMENTS 43,077,495
Loans Held for Sale 0
 
 Real Estate Loans 89,527,559
 Unsecured Loans 8,995,828
 Other Loans 34,136,844
 TOTAL LOANS 132,660,231
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,576,931
 Land And Building 6,633,823
 Other Fixed Assets 264,681
 NCUSIF Deposit 2,118,077
 All Other Assets 14,972,882
  TOTAL ASSETS 245,568,280
LIABILITIES & CAPITAL:  
 Dividends Payable 131
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 692,079
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 44,173,845
 Regular shares 118,732,572
 All Other Shares & Deposits 62,166,584
  TOTAL SHARES & DEPOSITS 225,073,001
  TOTAL LIABILITIES 225,765,211
 Regular Reserve 2,214,567
 Other Reserves -586,303
 Undivided Earnings 18,174,805
  TOTAL EQUITY 19,803,069
  TOTAL LIABILITIES, SHARES, & EQUITY 245,568,280
INCOME & EXPENSE  
 Loan Income 5,516,185
 Investment Income 999,084
 Other Income 2,050,044
 Total Employee Compensation & Benefits 3,898,103
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,868,830
 Non-operating Income & (Expense) 104,718
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 839,765
 Cost of Funds 519,548
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -456,215
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