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DEFENSE LOGISTICS FEDERAL CREDIT UNION

Dec, 31, 2020 — DEFENSE LOGISTICS FEDERAL CREDIT UNION is a federal credit union headquartered in PICATINNY ARSEN, NJ with 1 branch location and about $541,146 in total assets. Opened 62 years ago in 1959, DEFENSE LOGISTICS FEDERAL CREDIT UNION has about 240 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DEFENSE LOGISTICS FEDERAL CREDIT UNION
Address:
(Main Office)
93 ARDEC BLDING, 100 PICATINNY ARSE
PICATINNY ARSEN, NJ 07806-5300
Phone:(973) 891-3807
Fax:(973) 724-4295
Website:n/a
Branches:1 branch locations
Members:240
Credit Union Type:Federal Credit Union
Charter Number:13169
Membership Type:Multiple common bond - Primarily military
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jun 01, 2018
FHLB Member:No
Low Income Designation:No
Assets:$541,146
CEO/Manager:Antonio Checchia
Chairperson:

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,030
TOTAL INVESTMENTS 276,681
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 101,147
 Other Loans 141,971
 TOTAL LOANS 243,118
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,720
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 6,373
 All Other Assets 14,664
  TOTAL ASSETS 541,146
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 503,099
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 503,099
  TOTAL LIABILITIES 503,099
 Regular Reserve 38,047
 Other Reserves 0
 Undivided Earnings 0
  TOTAL EQUITY 38,047
  TOTAL LIABILITIES, SHARES, & EQUITY 541,146
INCOME & EXPENSE  
 Loan Income 16,578
 Investment Income 7,508
 Other Income 1,086
 Total Employee Compensation & Benefits 23,672
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,676
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,720
 Cost of Funds 236
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -13,132
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