Sep, 30, 2025 — WAKEFERN FEDERAL CREDIT UNION is a federal credit union headquartered in ELIZABETH, NJ with 1 branch location and about $11.38 million in total assets. Opened 64 years ago in 1962, WAKEFERN FEDERAL CREDIT UNION has about 1,217 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WAKEFERN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 505 Division St ELIZABETH, NJ 07201 |
| Phone: | (908) 527-3749 |
| Fax: | |
| Website: | https://www.wakefernfcu.org/ |
| Branches: | 1 branch locations |
| Members: | 1,217 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15016 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,375,185 |
| CEO/Manager: | Susan Jelen |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 849,222 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,540 |
| Unsecured Loans | 766,818 |
| Other Loans | 3,573,025 |
| TOTAL LOANS | 4,370,383 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,852 |
| Land And Building | 0 |
| Other Fixed Assets | 15,341 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 76,300 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,375,185 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,960 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 131,845 |
| Regular shares | 8,493,167 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 8,625,011 |
| TOTAL LIABILITIES | 8,631,971 |
| Regular Reserve | 0 |
| Other Reserves | 258,307 |
| Undivided Earnings | 2,484,907 |
| TOTAL EQUITY | 2,743,214 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,375,185 |
| INCOME & EXPENSE | |
| Loan Income | 195,270 |
| Investment Income | 206,776 |
| Other Income | 34,797 |
| Total Employee Compensation & Benefits | 110,785 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 152,098 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 57,935 |
| Cost of Funds | 2,508 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 120,763 |
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