Mar, 31, 2021 — PUBLIC SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in Middlesex, NJ with 1 branch location and about $42.20 million in total assets. Opened 64 years ago in 1957, PUBLIC SERVICE FEDERAL CREDIT UNION has about 3,482 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: | 3,482 |
| 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: | $42,203,093 |
| CEO/Manager: | Elizabeth Frentz |
| Chairperson: | Thomas m Hennessy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,588,151 |
| TOTAL INVESTMENTS | 24,778,785 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,150,340 |
| Unsecured Loans | 2,991,417 |
| Other Loans | 9,256,880 |
| TOTAL LOANS | 14,398,637 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -150,591 |
| Land And Building | 138,605 |
| Other Fixed Assets | 34,503 |
| NCUSIF Deposit | 318,582 |
| All Other Assets | 96,421 |
| TOTAL ASSETS | 42,203,093 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 54,457 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,377,371 |
| Regular shares | 16,170,418 |
| All Other Shares & Deposits | 17,555,318 |
| TOTAL SHARES & DEPOSITS | 37,103,107 |
| TOTAL LIABILITIES | 37,157,564 |
| Regular Reserve | 444,193 |
| Other Reserves | 0 |
| Undivided Earnings | 4,601,336 |
| TOTAL EQUITY | 5,045,529 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,203,093 |
| INCOME & EXPENSE | |
| Loan Income | 236,305 |
| Investment Income | 69,112 |
| Other Income | 6,028 |
| Total Employee Compensation & Benefits | 103,594 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 89,863 |
| Non-operating Income & (Expense) | 6,440 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,460 |
| Cost of Funds | 52,954 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 88,948 |
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