Dec, 31, 2021 — BERGEN DIVISION FEDERAL CREDIT UNION is a federal credit union headquartered in TOMS RIVER, NJ with 0 branch location and about $14.37 million in total assets. Opened 60 years ago in 1962, BERGEN DIVISION FEDERAL CREDIT UNION has about 1,396 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BERGEN DIVISION FEDERAL CREDIT UNION |
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Address: (Main Office) | 27 BAHAMIA DR TOMS RIVER, NJ 08757 |
Phone: | (732) 349-8556 |
Fax: | (732) 349-8557 |
Website: | n/a |
Branches: | 0 branch locations |
Members: | 1,396 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15139 |
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Membership Type: | Service - Transportation |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,365,127 |
CEO/Manager: | Frances I Morales |
Chairperson: | ALICE M MORALES |
ASSETS: | $ Amount |
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Cash & Equivalents | 825,842 |
TOTAL INVESTMENTS | 9,834,900 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 3,480,871 |
Other Loans | 134,471 |
TOTAL LOANS | 3,615,342 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,469 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 115,404 |
All Other Assets | 11,108 |
TOTAL ASSETS | 14,365,127 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 124,471 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 12,177,541 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 12,177,541 |
TOTAL LIABILITIES | 12,302,012 |
Regular Reserve | 135,000 |
Other Reserves | 0 |
Undivided Earnings | 1,928,115 |
TOTAL EQUITY | 2,063,115 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,365,127 |
INCOME & EXPENSE | |
Loan Income | 447,887 |
Investment Income | 54,640 |
Other Income | 8,613 |
Total Employee Compensation & Benefits | 164,200 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 125,956 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 77,569 |
Cost of Funds | 139,985 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 85,412 |
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