Dec, 31, 2021 — PUBLIC SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLESEX, NJ with 1 branch location and about $41.97 million in total assets. Opened 65 years ago in 1957, PUBLIC SERVICE FEDERAL CREDIT UNION has about 3,524 members and employs 8 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 |
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Address: (Main Office) | 619 Union Ave MIDDLESEX, NJ 08846 |
Phone: | (732) 805-9000 |
Fax: | (732) 805-0539 |
Website: | www.psfcunj.com |
Branches: | 1 branch locations |
Members: | 3,524 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11779 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,973,929 |
CEO/Manager: | Brooke Hennessy |
Chairperson: | Thomas m Hennessy |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,378,944 |
TOTAL INVESTMENTS | 25,413,785 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,973,744 |
Unsecured Loans | 3,158,884 |
Other Loans | 9,423,730 |
TOTAL LOANS | 14,556,358 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -133,010 |
Land And Building | 323,313 |
Other Fixed Assets | 28,539 |
NCUSIF Deposit | 356,451 |
All Other Assets | 49,549 |
TOTAL ASSETS | 41,973,929 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 61,368 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,709,660 |
Regular shares | 16,107,673 |
All Other Shares & Deposits | 17,678,644 |
TOTAL SHARES & DEPOSITS | 36,495,977 |
TOTAL LIABILITIES | 36,557,345 |
Regular Reserve | 444,193 |
Other Reserves | 0 |
Undivided Earnings | 4,972,391 |
TOTAL EQUITY | 5,416,584 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,973,929 |
INCOME & EXPENSE | |
Loan Income | 949,303 |
Investment Income | 279,056 |
Other Income | 32,684 |
Total Employee Compensation & Benefits | 476,373 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 390,685 |
Non-operating Income & (Expense) | 204,362 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,150 |
Cost of Funds | 195,933 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 460,004 |
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