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 |
| 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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