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FIRST POINT FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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