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 |
| 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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