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National Credit Union Service Organization

MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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