Sep, 30, 2025 — JERSEY SHORE FEDERAL CREDIT UNION is a federal credit union headquartered in NORTHFIELD, NJ with 5 branch locations and about $244.03 million in total assets. Opened 63 years ago in 1963, JERSEY SHORE FEDERAL CREDIT UNION has about 16,475 members and employs 65 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JERSEY SHORE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1434 New Rd NORTHFIELD, NJ 08225 |
| Phone: | (609) 646-3339 |
| Fax: | (609) 646-8074 |
| Website: | https://www.jerseyshorefcu.org |
| Branches: | 5 branch locations |
| Members: | 16,475 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15483 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $244,025,992 |
| CEO/Manager: | James Burns |
| Chairperson: | Steve Van Note |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,771,494 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 72,057,139 |
| Unsecured Loans | 5,385,641 |
| Other Loans | 49,473,070 |
| TOTAL LOANS | 126,915,850 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -471,806 |
| Land And Building | 3,697,387 |
| Other Fixed Assets | 482,870 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,069,423 |
| All Other Assets | 0 |
| TOTAL ASSETS | 244,025,992 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 804,821 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,653,639 |
| Regular shares | 123,952,542 |
| All Other Shares & Deposits | 56,100,676 |
| TOTAL SHARES & DEPOSITS | 226,706,857 |
| TOTAL LIABILITIES | 227,511,678 |
| Regular Reserve | 0 |
| Other Reserves | -1,721,519 |
| Undivided Earnings | 18,235,833 |
| TOTAL EQUITY | 16,514,314 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 244,025,992 |
| INCOME & EXPENSE | |
| Loan Income | 5,492,279 |
| Investment Income | 2,251,832 |
| Other Income | 1,004,554 |
| Total Employee Compensation & Benefits | 3,117,273 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,407,989 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 460,727 |
| Cost of Funds | 1,073,790 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,435,602 |
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