Sep, 30, 2025 — KEARNY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in KEARNY, NJ with 2 branch locations and about $6.18 million in total assets. Opened 71 years ago in 1955, KEARNY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 708 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: | KEARNY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 645 kearny ave KEARNY, NJ 07032 |
| Phone: | (201) 997-8434 |
| Fax: | (201) 942-2593 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 708 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10614 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,182,379 |
| CEO/Manager: | william j pettigrew |
| Chairperson: | martin rowe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 998,335 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 648,370 |
| Other Loans | 150,381 |
| TOTAL LOANS | 798,751 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,139 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 59,138 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,182,379 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,778 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,395,357 |
| All Other Shares & Deposits | 315,053 |
| TOTAL SHARES & DEPOSITS | 4,710,410 |
| TOTAL LIABILITIES | 4,725,188 |
| Regular Reserve | 0 |
| Other Reserves | 82,563 |
| Undivided Earnings | 1,374,628 |
| TOTAL EQUITY | 1,457,191 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,182,379 |
| INCOME & EXPENSE | |
| Loan Income | 77,432 |
| Investment Income | 33,868 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 57,525 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 22,438 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 65,169 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -33,832 |
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