Dec, 31, 2021 — FAIRLEIGH DICKINSON UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in MADISON, NJ with 1 branch location and about $13.23 million in total assets. Opened 57 years ago in 1965, FAIRLEIGH DICKINSON UNIVERSITY FEDERAL CREDIT UNION has about 1,718 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAIRLEIGH DICKINSON UNIVERSITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12 Main St Ste 4 MADISON, NJ 07940 |
| Phone: | (973) 301-0931 |
| Fax: | (973) 957-2445 |
| Website: | http://www.fdufcu.org |
| Branches: | 1 branch locations |
| Members: | 1,718 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16584 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,234,677 |
| CEO/Manager: | Judith Kehres |
| Chairperson: | Leon Kurland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,403,070 |
| TOTAL INVESTMENTS | 3,827,334 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,502,564 |
| Unsecured Loans | 885,180 |
| Other Loans | 2,481,498 |
| TOTAL LOANS | 6,869,242 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,060 |
| Land And Building | 0 |
| Other Fixed Assets | 26,259 |
| NCUSIF Deposit | 111,302 |
| All Other Assets | 56,530 |
| TOTAL ASSETS | 13,234,677 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 50,844 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,981,257 |
| Regular shares | 7,255,378 |
| All Other Shares & Deposits | 2,523,465 |
| TOTAL SHARES & DEPOSITS | 11,760,100 |
| TOTAL LIABILITIES | 11,810,944 |
| Regular Reserve | 375,302 |
| Other Reserves | 0 |
| Undivided Earnings | 1,048,431 |
| TOTAL EQUITY | 1,423,733 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,234,677 |
| INCOME & EXPENSE | |
| Loan Income | 333,724 |
| Investment Income | 46,316 |
| Other Income | 67,214 |
| Total Employee Compensation & Benefits | 234,982 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 245,216 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 3,875 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 76,081 |
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