Jun, 30, 2024 — P S E FEDERAL CREDIT UNION is a federal credit union headquartered in SOMERSET, NJ with 1 branch location and about $12.67 million in total assets. Opened 66 years ago in 1958, P S E FEDERAL CREDIT UNION has about 1,260 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 |
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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: | 1,260 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12175 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Nov 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,668,869 |
CEO/Manager: | Jonathan R Hallenbeck |
Chairperson: | Frank L Marrone |
ASSETS: | $ Amount |
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Cash & Equivalents | 330,824 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,114,575 |
Other Loans | 4,885,802 |
TOTAL LOANS | 6,000,377 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -138,937 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 68,095 |
All Other Assets | 0 |
TOTAL ASSETS | 12,668,869 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 13,656 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 699 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 10,920,250 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 10,920,250 |
TOTAL LIABILITIES | 10,934,605 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,734,264 |
TOTAL EQUITY | 1,734,264 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,668,869 |
INCOME & EXPENSE | |
Loan Income | 174,858 |
Investment Income | 31,675 |
Other Income | 0 |
Total Employee Compensation & Benefits | 63,944 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 50,519 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 41,203 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 50,867 |
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