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MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2020 — MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON SQUARE, NJ with 1 branch location and about $36.65 million in total assets. Opened 85 years ago in 1936, MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION has about 3,768 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:3,768
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$36,647,719
CEO/Manager:Adam Romero
Chairperson:Jeremy Parry

Call Report

  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,119,759
TOTAL INVESTMENTS 11,298,036
Loans Held for Sale 0
 
 Real Estate Loans 4,659,287
 Unsecured Loans 942,298
 Other Loans 3,791,190
 TOTAL LOANS 9,392,775
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -49,340
 Land And Building 180,934
 Other Fixed Assets 53,422
 NCUSIF Deposit 292,186
 All Other Assets 2,359,947
  TOTAL ASSETS 36,647,719
LIABILITIES & CAPITAL:  
 Dividends Payable 4,354
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 130,894
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,299,394
 Regular shares 25,642,362
 All Other Shares & Deposits 4,018,210
  TOTAL SHARES & DEPOSITS 33,959,966
  TOTAL LIABILITIES 34,095,214
 Regular Reserve 580,280
 Other Reserves -560,699
 Undivided Earnings 2,532,924
  TOTAL EQUITY 2,552,505
  TOTAL LIABILITIES, SHARES, & EQUITY 36,647,719
INCOME & EXPENSE  
 Loan Income 478,867
 Investment Income 355,064
 Other Income 153,551
 Total Employee Compensation & Benefits 229,796
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 448,727
 Non-operating Income & (Expense) -3
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,278
 Cost of Funds 17,064
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 290,614
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