Dec, 31, 2023 — MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON SQUARE, NJ with 1 branch location and about $42.19 million in total assets. Opened 88 years ago in 1936, MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION has about 3,678 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 |
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Address: (Main Office) | 2271 Highway 33 Ste 108 HAMILTON SQUARE, NJ 08690 |
Phone: | (609) 586-6669 |
Fax: | (609) 586-1142 |
Website: | https://www.mcnjtfcu.org |
Branches: | 1 branch locations |
Members: | 3,678 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1351 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $42,189,697 |
CEO/Manager: | Adam Romero |
Chairperson: | George F Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,866,987 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 58,233 |
Real Estate Loans | 9,329,374 |
Unsecured Loans | 1,199,761 |
Other Loans | 6,560,418 |
TOTAL LOANS | 17,089,552 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,202 |
Land And Building | 468,417 |
Other Fixed Assets | 26,234 |
NCUSIF Deposit | 377,642 |
All Other Assets | 0 |
TOTAL ASSETS | 42,189,697 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 58,995 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 221,480 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,263,759 |
Regular shares | 25,140,746 |
All Other Shares & Deposits | 7,725,182 |
TOTAL SHARES & DEPOSITS | 38,129,688 |
TOTAL LIABILITIES | 38,410,163 |
Regular Reserve | 0 |
Other Reserves | -362,587 |
Undivided Earnings | 4,142,121 |
TOTAL EQUITY | 3,779,534 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,189,697 |
INCOME & EXPENSE | |
Loan Income | 880,145 |
Investment Income | 754,629 |
Other Income | 82,050 |
Total Employee Compensation & Benefits | 255,860 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 614,631 |
Non-operating Income & (Expense) | -28 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,376 |
Cost of Funds | 186,445 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 723,246 |
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