Dec, 31, 2023 — ISRAEL MEMORIAL A M E FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 0 branch location and about $340,763 in total assets. Opened 68 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 |
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Address: (Main Office) | 54 Lincoln St NEWARK, NJ 07103 |
Phone: | (973) 643-1333 |
Fax: | (973) 643-9559 |
Website: | n/a |
Branches: | 0 branch locations |
Members: | 183 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10803 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $340,763 |
CEO/Manager: | Vernon C Webb |
Chairperson: | Laverne M Merritt |
ASSETS: | $ Amount |
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Cash & Equivalents | 64,833 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 17,363 |
Other Loans | 103,918 |
TOTAL LOANS | 121,281 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,875 |
Land And Building | 0 |
Other Fixed Assets | 31 |
NCUSIF Deposit | 2,020 |
All Other Assets | 0 |
TOTAL ASSETS | 340,763 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,100 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 197,228 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 197,228 |
TOTAL LIABILITIES | 198,328 |
Regular Reserve | 0 |
Other Reserves | 62,587 |
Undivided Earnings | 79,848 |
TOTAL EQUITY | 142,435 |
TOTAL LIABILITIES, SHARES, & EQUITY | 340,763 |
INCOME & EXPENSE | |
Loan Income | 10,039 |
Investment Income | 3,133 |
Other Income | 1,380 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,539 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 69 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,901 |
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