Jun, 30, 2024 — MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON SQUARE, NJ with 1 branch location and about $40.03 million in total assets. Opened 88 years ago in 1936, MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION has about 3,661 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: | 3,661 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,029,714 |
CEO/Manager: | Adam Romero |
Chairperson: | George F Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,762,781 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,626,477 |
Unsecured Loans | 1,189,954 |
Other Loans | 4,226,395 |
TOTAL LOANS | 12,042,826 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,787 |
Land And Building | 172,620 |
Other Fixed Assets | 39,559 |
NCUSIF Deposit | 360,173 |
All Other Assets | 0 |
TOTAL ASSETS | 40,029,714 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,752 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 598,760 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,083,316 |
Regular shares | 26,671,184 |
All Other Shares & Deposits | 4,719,867 |
TOTAL SHARES & DEPOSITS | 36,474,367 |
TOTAL LIABILITIES | 37,075,879 |
Regular Reserve | 0 |
Other Reserves | -301,522 |
Undivided Earnings | 3,255,357 |
TOTAL EQUITY | 2,953,835 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,029,714 |
INCOME & EXPENSE | |
Loan Income | 374,071 |
Investment Income | 279,971 |
Other Income | 65,703 |
Total Employee Compensation & Benefits | 105,272 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 380,285 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,913 |
Cost of Funds | 8,516 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 324,100 |
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