Sep, 30, 2025 — IRCO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in PHILLIPSBURG, NJ with 2 branch locations and about $91.42 million in total assets. Opened 60 years ago in 1966, IRCO COMMUNITY FEDERAL CREDIT UNION has about 6,625 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IRCO COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 450 Hillcrest Blvd PHILLIPSBURG, NJ 08865 |
| Phone: | (908) 859-1811 |
| Fax: | (908) 859-2118 |
| Website: | https://www.ircocu.com |
| Branches: | 2 branch locations |
| Members: | 6,625 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17395 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $91,424,543 |
| CEO/Manager: | Tracey S Smith |
| Chairperson: | George M Chando |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,796,039 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,914,352 |
| Unsecured Loans | 1,077,251 |
| Other Loans | 2,335,285 |
| TOTAL LOANS | 52,347,851 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -268,619 |
| Land And Building | 798,225 |
| Other Fixed Assets | 580,212 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 825,867 |
| All Other Assets | 0 |
| TOTAL ASSETS | 91,424,543 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 754 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,139,984 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,559,758 |
| Regular shares | 58,384,386 |
| All Other Shares & Deposits | 6,159,380 |
| TOTAL SHARES & DEPOSITS | 82,103,524 |
| TOTAL LIABILITIES | 83,244,262 |
| Regular Reserve | 0 |
| Other Reserves | 685,047 |
| Undivided Earnings | 7,495,234 |
| TOTAL EQUITY | 8,180,281 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,424,543 |
| INCOME & EXPENSE | |
| Loan Income | 2,379,171 |
| Investment Income | 629,194 |
| Other Income | 316,502 |
| Total Employee Compensation & Benefits | 1,539,654 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,383,112 |
| Non-operating Income & (Expense) | 168,313 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,500 |
| Cost of Funds | 99,151 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 465,381 |
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