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National Credit Union Service Organization

FIRST POINT FEDERAL CREDIT UNION

Dec, 31, 2020 — FIRST POINT FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, NJ with 2 branch locations and about $31.12 million in total assets. Opened 66 years ago in 1955, FIRST POINT FEDERAL CREDIT UNION has about 1,848 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, SUITE 2
HAMILTON, NJ 08619
Phone:(609) 838-2847
Fax:(609) 838-2850
Website:http://firstpointfcu.com
Branches:2 branch locations
Members:1,848
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$31,123,414
CEO/Manager:JUDY GERNHART
Chairperson:ROBERT DELANEY

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,390,856
TOTAL INVESTMENTS 21,928,277
Loans Held for Sale 0
 
 Real Estate Loans 5,126,704
 Unsecured Loans 1,178,496
 Other Loans 1,129,440
 TOTAL LOANS 7,434,640
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -134,359
 Land And Building 195,046
 Other Fixed Assets 0
 NCUSIF Deposit 244,318
 All Other Assets 64,636
  TOTAL ASSETS 31,123,414
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 174,215
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,605,421
 Regular shares 16,493,413
 All Other Shares & Deposits 7,776,002
  TOTAL SHARES & DEPOSITS 27,874,836
  TOTAL LIABILITIES 28,049,051
 Regular Reserve 404,132
 Other Reserves 441,094
 Undivided Earnings 2,229,137
  TOTAL EQUITY 3,074,363
  TOTAL LIABILITIES, SHARES, & EQUITY 31,123,414
INCOME & EXPENSE  
 Loan Income 400,939
 Investment Income 366,618
 Other Income 22,406
 Total Employee Compensation & Benefits 271,725
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 326,183
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,000
 Cost of Funds 165,992
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,063
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