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ESSEX COUNTY NJ EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — ESSEX COUNTY NJ EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Newark, NJ with 1 branch location and about $8.27 million in total assets. Opened 86 years ago in 1935, ESSEX COUNTY NJ EMPLOYEES FEDERAL CREDIT UNION has about 1,831 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ESSEX COUNTY NJ EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
465 Dr Martin Luther King Jr Blvd,
Newark, NJ 07102-1705
Phone:(973) 643-4738
Fax:(973) 643-8721
Website:http://www.essexcu.org
Branches:1 branch locations
Members:1,831
Credit Union Type:Federal Credit Union
Charter Number:112
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$8,268,952
CEO/Manager:Robert Steeves
Chairperson:Anthony Knight

Call Report

  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,761,508
TOTAL INVESTMENTS 1,965,535
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 750,252
 Other Loans 1,179,291
 TOTAL LOANS 1,929,543
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -16,086
 Land And Building 0
 Other Fixed Assets 5,144
 NCUSIF Deposit 57,353
 All Other Assets 1,565,955
  TOTAL ASSETS 8,268,952
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 20,558
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 7,695,382
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 7,695,382
  TOTAL LIABILITIES 7,715,940
 Regular Reserve 166,823
 Other Reserves 0
 Undivided Earnings 386,189
  TOTAL EQUITY 553,012
  TOTAL LIABILITIES, SHARES, & EQUITY 8,268,952
INCOME & EXPENSE  
 Loan Income 56,037
 Investment Income 8,098
 Other Income 844
 Total Employee Compensation & Benefits 87,840
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 67,778
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -90,089
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