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XCEL FEDERAL CREDIT UNION

Mar, 31, 2021 — XCEL FEDERAL CREDIT UNION is a federal credit union headquartered in Bloomfield, NJ with 3 branch locations and about $204.15 million in total assets. Opened 57 years ago in 1964, XCEL FEDERAL CREDIT UNION has about 16,903 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 226078230
Name:XCEL FEDERAL CREDIT UNION
Address:
(Main Office)
1460 Broad St
Bloomfield, NJ 07003
Phone:(973) 275-9235
Fax:(973) 528-8772
Website:http://www.xcelfcu.org
Branches:3 branch locations
Members:16,903
Credit Union Type:Federal Credit Union
Charter Number:16218
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$204,149,428
CEO/Manager:Arlene Bernard
Chairperson:Phyllis H Ford

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 31,212,533
TOTAL INVESTMENTS 47,631,240
Loans Held for Sale 0
 
 Real Estate Loans 70,952,293
 Unsecured Loans 29,974,469
 Other Loans 13,055,881
 TOTAL LOANS 113,982,643
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -807,564
 Land And Building 3,949,473
 Other Fixed Assets 909,748
 NCUSIF Deposit 1,686,464
 All Other Assets 5,584,891
  TOTAL ASSETS 204,149,428
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,264,446
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 39,342,245
 Regular shares 79,539,357
 All Other Shares & Deposits 68,675,791
  TOTAL SHARES & DEPOSITS 187,557,393
  TOTAL LIABILITIES 188,821,839
 Regular Reserve 1,302,388
 Other Reserves 1,747,295
 Undivided Earnings 12,277,906
  TOTAL EQUITY 15,327,589
  TOTAL LIABILITIES, SHARES, & EQUITY 204,149,428
INCOME & EXPENSE  
 Loan Income 1,538,356
 Investment Income 87,616
 Other Income 285,743
 Total Employee Compensation & Benefits 832,181
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 795,414
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,263
 Cost of Funds 228,533
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 128,816
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