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ISRAEL MEMORIAL A M E FEDERAL CREDIT UNION

Dec, 31, 2020 — ISRAEL MEMORIAL A M E FEDERAL CREDIT UNION is a federal credit union headquartered in Newark, NJ with 0 branch location and about $357,466 in total assets. Opened 65 years ago in 1956, ISRAEL MEMORIAL A M E FEDERAL CREDIT UNION has about 155 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 Street
Newark, NJ 07108
Phone:(973) 643-1333
Fax:(973) 643-9559
Website:n/a
Branches:0 branch locations
Members:155
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:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$357,466
CEO/Manager:Vernon C Webb
Chairperson:Laverne M Merritt

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 289,841
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 18,330
 Other Loans 61,747
 TOTAL LOANS 80,077
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,339
 Land And Building 0
 Other Fixed Assets 1,021
 NCUSIF Deposit 2,042
 All Other Assets 1,824
  TOTAL ASSETS 357,466
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -1,336
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 219,868
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 219,868
  TOTAL LIABILITIES 218,532
 Regular Reserve 62,587
 Other Reserves 0
 Undivided Earnings 76,347
  TOTAL EQUITY 138,934
  TOTAL LIABILITIES, SHARES, & EQUITY 357,466
INCOME & EXPENSE  
 Loan Income 8,761
 Investment Income 3,010
 Other Income 5,908
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,113
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 932
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 634
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