Jun, 30, 2021 — FAIRLEIGH DICKINSON UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in MADISON, NJ with 1 branch location and about $13.40 million in total assets. Opened 56 years ago in 1965, FAIRLEIGH DICKINSON UNIVERSITY FEDERAL CREDIT UNION has about 1,740 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: | 1,740 |
| 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: | $13,398,367 |
| CEO/Manager: | Judith Kehres |
| Chairperson: | Leon Kurland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,291,300 |
| TOTAL INVESTMENTS | 4,378,334 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,601,769 |
| Unsecured Loans | 850,480 |
| Other Loans | 2,121,942 |
| TOTAL LOANS | 6,574,191 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,082 |
| Land And Building | 0 |
| Other Fixed Assets | 29,926 |
| NCUSIF Deposit | 111,302 |
| All Other Assets | 74,396 |
| TOTAL ASSETS | 13,398,367 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 68,691 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,792,657 |
| Regular shares | 7,395,742 |
| All Other Shares & Deposits | 2,771,084 |
| TOTAL SHARES & DEPOSITS | 11,959,483 |
| TOTAL LIABILITIES | 12,028,179 |
| Regular Reserve | 375,302 |
| Other Reserves | 0 |
| Undivided Earnings | 994,886 |
| TOTAL EQUITY | 1,370,188 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,398,367 |
| INCOME & EXPENSE | |
| Loan Income | 161,810 |
| Investment Income | 27,185 |
| Other Income | 34,852 |
| Total Employee Compensation & Benefits | 116,073 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 119,797 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 2,491 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 22,536 |
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