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National Credit Union Service Organization

NORTH JERSEY FEDERAL CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for NORTH JERSEY FEDERAL CREDIT UNION as of: December 31, 2023.
Charter Number: 1015

ASSETS$ Amount
CASH:  
 1. Cash on Hand 2,469,806
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 10,221,992
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 46,819,767
 7. Held-to-Maturity Debt Securities 750,000
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 895,177
 11. Perpetual Contributed Capital 2,058
 12. All other investments in corporate credit unions 0
 13. All other investments 0
 14. TOTAL INVESTMENTS 0
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 148,482,164
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 2,571,412
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 91,200
 20. Land and Building 6,357,892
 21. Other Fixed Assets 1,250,253
 22. NCUA Share Insurance Capitalization Deposit 2,248,658
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 232,611,951
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 6
 9. Accounts Payable and Other Liabilities 297,556
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 47,224,443
 12. Regular Shares 119,166,818
 13. Money Market Shares 26,095,663
 14. Share Certificates 20,258,428
 15. IRA/KEOGH Accounts 2,587,941
 16. All Other Shares 1,051,978
 17. TOTAL SHARES 216,385,271
 18. Nonmember Deposits 999,063
 19. TOTAL SHARES AND DEPOSITS 217,384,334
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 1,079,214
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 0
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 6,811,727
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 854,805
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 329,151
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 29,322
EQUITY:  
 33. Undivided Earnings 20,879,868
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 2,310,109
 37. Equity Acquired in Merger 696,595
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -714,949
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -8,241,568
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 232,611,951
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 6,327,744
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 1,665,555
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 7,993,299
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 322,950
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 8,264
 9. TOTAL INTEREST EXPENSE 331,214
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 421,750
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 0
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 1,679,298
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 0
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 1,947,055
 21. TOTAL NON-INTEREST INCOME 4,777,999
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 4,725,449
 23. Travel and Conference Expense 83,341
 24. Office Occupancy Expense 623,254
 25. Office Operations Expense 1,715,130
 26. Educational and Promotional Expenses 246,751
 27. Loan Servicing Expense 338,808
 28. Professional and Outside Services 1,528,785
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 42,775
 31. Miscellaneous Operating Expenses 73,166
 32. TOTAL NON-INTEREST EXPENSE 9,377,459
33. NET INCOME (LOSS) 2,640,875
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans13.991,853$1,383,393
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans5.5093$113,717
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans12.241,353$5,427,316
 5. New Vehicle Loans2.99434$12,447,471
 6. Used Vehicle Loans3.241,599$24,451,367
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit3.01301$1,642,326
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.00313$68,714,220
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8.5295$17,334,095
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.5038$15,845,389
 13. Commercial Loans/Lines of Credit Not Real Estate Secured6.752$1,122,870
 14. TOTAL LOANS & LEASES6,281$148,482,164
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,320$35,601,817
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff5$1,075,738
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration0$0$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0