Jun, 30, 2024 — FIRST POINT FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, NJ with 2 branch locations and about $28.59 million in total assets. Opened 69 years ago in 1955, FIRST POINT FEDERAL CREDIT UNION has about 1,963 members and employs 5 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 |
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Address: (Main Office) | 2430 HAMILTON AVE STE 2 HAMILTON, NJ 08619 |
Phone: | (609) 838-2847 |
Fax: | (609) 838-2850 |
Website: | https://firstpointfcu.com |
Branches: | 2 branch locations |
Members: | 1,963 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10319 |
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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: | $28,587,091 |
CEO/Manager: | JUDY GERNHART |
Chairperson: | ROBERT DELANEY |
ASSETS: | $ Amount |
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Cash & Equivalents | 653,489 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,962,405 |
Unsecured Loans | 1,708,065 |
Other Loans | 867,403 |
TOTAL LOANS | 7,537,873 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -135,878 |
Land And Building | 164,645 |
Other Fixed Assets | 8,174 |
NCUSIF Deposit | 270,874 |
All Other Assets | 0 |
TOTAL ASSETS | 28,587,091 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 100,028 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,573,354 |
Regular shares | 17,420,005 |
All Other Shares & Deposits | 7,168,896 |
TOTAL SHARES & DEPOSITS | 28,162,255 |
TOTAL LIABILITIES | 28,262,283 |
Regular Reserve | 0 |
Other Reserves | -2,571,759 |
Undivided Earnings | 2,896,567 |
TOTAL EQUITY | 324,808 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,587,091 |
INCOME & EXPENSE | |
Loan Income | 222,720 |
Investment Income | 245,159 |
Other Income | 8,181 |
Total Employee Compensation & Benefits | 206,448 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 215,398 |
Non-operating Income & (Expense) | 59,546 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 46,780 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 57,424 |
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