Sep, 30, 2025 — ISRAEL MEMORIAL A M E FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $406,660 in total assets. Opened 70 years ago in 1956, ISRAEL MEMORIAL A M E FEDERAL CREDIT UNION has about 183 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ISRAEL MEMORIAL A M E FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 54 Lincoln St NEWARK, NJ 07103 |
| Phone: | (347) 234-8438 |
| Fax: | (973) 979-2844 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 183 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10803 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $406,660 |
| CEO/Manager: | Vernon C Webb |
| Chairperson: | Laverne M Merritt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 120,954 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 49,540 |
| Other Loans | 89,153 |
| TOTAL LOANS | 138,694 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,126 |
| Land And Building | 0 |
| Other Fixed Assets | 1,096 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,282 |
| All Other Assets | 0 |
| TOTAL ASSETS | 406,660 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,750 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 240,218 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 240,218 |
| TOTAL LIABILITIES | 242,968 |
| Regular Reserve | 0 |
| Other Reserves | 101,105 |
| Undivided Earnings | 62,587 |
| TOTAL EQUITY | 163,692 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 406,660 |
| INCOME & EXPENSE | |
| Loan Income | 12,352 |
| Investment Income | 6,294 |
| Other Income | 1,238 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,940 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 752 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,597 |
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