Dec, 31, 2020 — PUBLIC SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in Middlesex, NJ with 1 branch location and about $40.66 million in total assets. Opened 64 years ago in 1957, PUBLIC SERVICE FEDERAL CREDIT UNION has about 3,529 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PUBLIC SERVICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 619 Union Ave Middlesex, NJ 08846 |
| Phone: | (732) 805-9000 |
| Fax: | (732) 805-0539 |
| Website: | http://psfcunj.com |
| Branches: | 1 branch locations |
| Members: | 3,529 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11779 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,656,638 |
| CEO/Manager: | Elizabeth Frentz |
| Chairperson: | Thomas m Hennessy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,100,644 |
| TOTAL INVESTMENTS | 22,805,785 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,683,537 |
| Unsecured Loans | 3,210,474 |
| Other Loans | 9,427,058 |
| TOTAL LOANS | 15,321,069 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,523 |
| Land And Building | 140,240 |
| Other Fixed Assets | 37,762 |
| NCUSIF Deposit | 318,582 |
| All Other Assets | 84,079 |
| TOTAL ASSETS | 40,656,638 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 54,974 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,482,130 |
| Regular shares | 15,376,324 |
| All Other Shares & Deposits | 17,786,631 |
| TOTAL SHARES & DEPOSITS | 35,645,085 |
| TOTAL LIABILITIES | 35,700,059 |
| Regular Reserve | 444,193 |
| Other Reserves | 0 |
| Undivided Earnings | 4,512,386 |
| TOTAL EQUITY | 4,956,579 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,656,638 |
| INCOME & EXPENSE | |
| Loan Income | 990,829 |
| Investment Income | 342,280 |
| Other Income | 109,281 |
| Total Employee Compensation & Benefits | 496,278 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 336,824 |
| Non-operating Income & (Expense) | 32,710 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,993 |
| Cost of Funds | 260,794 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 318,211 |
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