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MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2021 — MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON SQUARE, NJ with 1 branch location and about $39.27 million in total assets. Opened 86 years ago in 1936, MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION has about 3,667 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:3,667
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$39,274,874
CEO/Manager:Adam Romero
Chairperson:George F Smith

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,350,667
TOTAL INVESTMENTS 8,305,619
Loans Held for Sale 0
 
 Real Estate Loans 4,785,017
 Unsecured Loans 1,091,287
 Other Loans 3,533,869
 TOTAL LOANS 9,410,173
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -50,112
 Land And Building 176,183
 Other Fixed Assets 43,954
 NCUSIF Deposit 339,486
 All Other Assets 2,698,904
  TOTAL ASSETS 39,274,874
LIABILITIES & CAPITAL:  
 Dividends Payable 2,868
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 103,652
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,605,503
 Regular shares 26,850,329
 All Other Shares & Deposits 4,594,135
  TOTAL SHARES & DEPOSITS 36,049,967
  TOTAL LIABILITIES 36,156,487
 Regular Reserve 580,280
 Other Reserves -393,151
 Undivided Earnings 2,931,258
  TOTAL EQUITY 3,118,387
  TOTAL LIABILITIES, SHARES, & EQUITY 39,274,874
INCOME & EXPENSE  
 Loan Income 439,213
 Investment Income 224,234
 Other Income 38,784
 Total Employee Compensation & Benefits 165,421
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 459,739
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,132
 Cost of Funds 11,947
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 398,333
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