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MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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