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P S E FEDERAL CREDIT UNION

Dec, 31, 2020 — P S E FEDERAL CREDIT UNION is a federal credit union headquartered in Somerset, NJ with 1 branch location and about $12.05 million in total assets. Opened 63 years ago in 1958, P S E FEDERAL CREDIT UNION has about 1,264 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:1,264
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$12,049,666
CEO/Manager:John M Grabenstein
Chairperson:Frank L Marrone

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 411,392
TOTAL INVESTMENTS 6,199,476
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,373,613
 Other Loans 4,038,392
 TOTAL LOANS 5,412,005
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -136,566
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 138,359
 All Other Assets 25,000
  TOTAL ASSETS 12,049,666
LIABILITIES & CAPITAL:  
 Dividends Payable 25,412
 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 10,425,237
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 10,425,237
  TOTAL LIABILITIES 10,451,349
 Regular Reserve 218,892
 Other Reserves 0
 Undivided Earnings 1,379,425
  TOTAL EQUITY 1,598,317
  TOTAL LIABILITIES, SHARES, & EQUITY 12,049,666
INCOME & EXPENSE  
 Loan Income 268,426
 Investment Income 67,553
 Other Income 0
 Total Employee Compensation & Benefits 85,259
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 70,323
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 97,828
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 82,569
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