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MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION

Mar, 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 $39.59 million in total assets. Opened 85 years ago in 1936, MERCER COUNTY NJ TEACHERS FEDERAL CREDIT UNION has about 3,763 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:3,763
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$39,593,829
CEO/Manager:Adam Romero
Chairperson:Jeremy Parry

Call Report

  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,051,663
TOTAL INVESTMENTS 11,531,406
Loans Held for Sale 234,764
 
 Real Estate Loans 4,464,164
 Unsecured Loans 903,838
 Other Loans 3,538,857
 TOTAL LOANS 8,906,859
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -46,817
 Land And Building 179,746
 Other Fixed Assets 51,336
 NCUSIF Deposit 292,186
 All Other Assets 2,392,686
  TOTAL ASSETS 39,593,829
LIABILITIES & CAPITAL:  
 Dividends Payable 2,942
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 155,014
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,810,641
 Regular shares 27,711,429
 All Other Shares & Deposits 4,319,056
  TOTAL SHARES & DEPOSITS 36,841,126
  TOTAL LIABILITIES 36,999,082
 Regular Reserve 580,280
 Other Reserves -566,966
 Undivided Earnings 2,581,433
  TOTAL EQUITY 2,594,747
  TOTAL LIABILITIES, SHARES, & EQUITY 39,593,829
INCOME & EXPENSE  
 Loan Income 108,250
 Investment Income 60,655
 Other Income 8,813
 Total Employee Compensation & Benefits 42,870
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 114,256
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -258
 Cost of Funds 3,032
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 48,510
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