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MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION

Jun, 30, 2021 — MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON SQUARE, NJ with 1 branch location and about $40.92 million in total assets. Opened 85 years ago in 1936, MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION has about 3,721 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
2271 HIGHWAY 33 STE 108
HAMILTON SQUARE, NJ 08690
Phone:(609) 586-6669
Fax:(609) 586-1142
Website:http://www.mcnjtfcu.org
Branches:1 branch locations
Members:3,721
Credit Union Type:Federal Credit Union
Charter Number:1351
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1936
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$40,922,239
CEO/Manager:Adam Romero
Chairperson:Jeremy Parry

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 17,424,812
TOTAL INVESTMENTS 11,064,585
Loans Held for Sale 0
 
 Real Estate Loans 4,392,781
 Unsecured Loans 920,357
 Other Loans 3,674,236
 TOTAL LOANS 8,987,374
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -47,341
 Land And Building 178,559
 Other Fixed Assets 48,875
 NCUSIF Deposit 339,486
 All Other Assets 2,925,889
  TOTAL ASSETS 40,922,239
LIABILITIES & CAPITAL:  
 Dividends Payable 3,002
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 139,637
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,037,416
 Regular shares 28,484,844
 All Other Shares & Deposits 4,558,043
  TOTAL SHARES & DEPOSITS 38,080,303
  TOTAL LIABILITIES 38,222,942
 Regular Reserve 580,280
 Other Reserves -572,304
 Undivided Earnings 2,691,321
  TOTAL EQUITY 2,699,297
  TOTAL LIABILITIES, SHARES, & EQUITY 40,922,239
INCOME & EXPENSE  
 Loan Income 212,759
 Investment Income 117,823
 Other Income 16,005
 Total Employee Compensation & Benefits 82,903
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 235,834
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,361
 Cost of Funds 6,090
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 158,397
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