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National Credit Union Service Organization

P S E FEDERAL CREDIT UNION

Mar, 31, 2021 — P S E FEDERAL CREDIT UNION is a federal credit union headquartered in Somerset, NJ with 1 branch location and about $12.25 million in total assets. Opened 63 years ago in 1958, P S E FEDERAL CREDIT UNION has about 1,259 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:P S E FEDERAL CREDIT UNION
Address:
(Main Office)
472 Weston Canal Rd
Somerset, NJ 08873
Phone:(732) 764-3087
Fax:(732) 560-5683
Website:n/a
Branches:1 branch locations
Members:1,259
Credit Union Type:Federal Credit Union
Charter Number:12175
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1958
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,249,049
CEO/Manager:Jonathan R Hallenbeck
Chairperson:Frank L Marrone

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 499,943
TOTAL INVESTMENTS 6,404,904
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,271,629
 Other Loans 4,046,113
 TOTAL LOANS 5,317,742
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -136,899
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 138,359
 All Other Assets 25,000
  TOTAL ASSETS 12,249,049
LIABILITIES & CAPITAL:  
 Dividends Payable 12,941
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 700
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 10,612,333
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 10,612,333
  TOTAL LIABILITIES 10,625,974
 Regular Reserve 218,892
 Other Reserves 0
 Undivided Earnings 1,404,183
  TOTAL EQUITY 1,623,075
  TOTAL LIABILITIES, SHARES, & EQUITY 12,249,049
INCOME & EXPENSE  
 Loan Income 59,388
 Investment Income 16,707
 Other Income 0
 Total Employee Compensation & Benefits 21,315
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,079
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 12,941
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 24,760
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