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FIRST POINT FEDERAL CREDIT UNION

Dec, 31, 2021 — FIRST POINT FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, NJ with 2 branch locations and about $30.50 million in total assets. Opened 67 years ago in 1955, FIRST POINT FEDERAL CREDIT UNION has about 1,625 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FIRST POINT FEDERAL CREDIT UNION
Address:
(Main Office)
2430 HAMILTON AVE STE 2
HAMILTON, NJ 08619
Phone:(609) 838-2847
Fax:(609) 838-2850
Website:http://firstpointfcu.com
Branches:2 branch locations
Members:1,625
Credit Union Type:Federal Credit Union
Charter Number:10319
Membership Type:Multiple common bond - Primarily chemical
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$30,501,583
CEO/Manager:JUDY GERNHART
Chairperson:ROBERT DELANEY

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 843,432
TOTAL INVESTMENTS 23,012,613
Loans Held for Sale 0
 
 Real Estate Loans 4,583,040
 Unsecured Loans 898,119
 Other Loans 789,689
 TOTAL LOANS 6,270,848
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -148,952
 Land And Building 169,175
 Other Fixed Assets 12,743
 NCUSIF Deposit 270,961
 All Other Assets 70,763
  TOTAL ASSETS 30,501,583
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 116,766
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,954,515
 Regular shares 16,301,653
 All Other Shares & Deposits 7,491,302
  TOTAL SHARES & DEPOSITS 27,747,470
  TOTAL LIABILITIES 27,864,236
 Regular Reserve 404,132
 Other Reserves -201,796
 Undivided Earnings 2,435,011
  TOTAL EQUITY 2,637,347
  TOTAL LIABILITIES, SHARES, & EQUITY 30,501,583
INCOME & EXPENSE  
 Loan Income 323,725
 Investment Income 320,356
 Other Income 13,464
 Total Employee Compensation & Benefits 291,757
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 275,013
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 92,595
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 205,874
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