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 |
| 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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