Sep, 30, 2021 — ENERGY PEOPLE FEDERAL CREDIT UNION is a federal credit union headquartered in MEDFORD, NJ with 1 branch location and about $18.64 million in total assets. Opened 62 years ago in 1960, ENERGY PEOPLE FEDERAL CREDIT UNION has about 1,321 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ENERGY PEOPLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 279 MEDFORD, NJ 08055 |
| Phone: | (609) 268-9222 |
| Fax: | (609) 268-7350 |
| Website: | http://energypeoplefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,321 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13729 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Apr 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,638,303 |
| CEO/Manager: | Janice B Hughes |
| Chairperson: | Robert Solomen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,976,975 |
| TOTAL INVESTMENTS | 2,176,006 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,312,073 |
| Unsecured Loans | 909,560 |
| Other Loans | 6,075,789 |
| TOTAL LOANS | 13,297,422 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,364 |
| Land And Building | 0 |
| Other Fixed Assets | 84,827 |
| NCUSIF Deposit | 139,999 |
| All Other Assets | 61,438 |
| TOTAL ASSETS | 18,638,303 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,439 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,526,308 |
| All Other Shares & Deposits | 5,895,142 |
| TOTAL SHARES & DEPOSITS | 15,421,450 |
| TOTAL LIABILITIES | 15,429,889 |
| Regular Reserve | 436,555 |
| Other Reserves | 0 |
| Undivided Earnings | 2,771,859 |
| TOTAL EQUITY | 3,208,414 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,638,303 |
| INCOME & EXPENSE | |
| Loan Income | 475,690 |
| Investment Income | 14,337 |
| Other Income | 10,919 |
| Total Employee Compensation & Benefits | 300,420 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 88,572 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,244 |
| Cost of Funds | 93,456 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,254 |
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