Dec, 31, 2023 — BERGEN DIVISION FEDERAL CREDIT UNION is a federal credit union headquartered in TOMS RIVER, NJ with 1 branch location and about $14.02 million in total assets. Opened 62 years ago in 1962, BERGEN DIVISION FEDERAL CREDIT UNION has about 1,362 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 |
|---|---|
| Address: (Main Office) | 27 BAHAMIA DR TOMS RIVER, NJ 08757 |
| Phone: | (732) 349-8556 |
| Fax: | (732) 349-8557 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,362 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15139 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,016,553 |
| CEO/Manager: | Frances I Morales |
| Chairperson: | ALICE M MORALES |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,043,061 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,284,477 |
| Other Loans | 125,179 |
| TOTAL LOANS | 3,409,656 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,595 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 123,867 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,016,553 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,710 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 11,972,585 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 11,972,585 |
| TOTAL LIABILITIES | 11,974,295 |
| Regular Reserve | 0 |
| Other Reserves | 135,000 |
| Undivided Earnings | 1,907,258 |
| TOTAL EQUITY | 2,042,258 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,016,553 |
| INCOME & EXPENSE | |
| Loan Income | 437,141 |
| Investment Income | 449,118 |
| Other Income | 7,447 |
| Total Employee Compensation & Benefits | 167,200 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 132,475 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 161,445 |
| Cost of Funds | 433,506 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,132 |
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