Credit Unions Near Me
National Credit Union Service Organization

IRCO COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — IRCO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Phillipsburg, NJ with 2 branch locations and about $95.83 million in total assets. Opened 55 years ago in 1966, IRCO COMMUNITY FEDERAL CREDIT UNION has about 8,317 members and employs 21 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: 221278035
Name:IRCO COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
450 Hillcrest Blvd
Phillipsburg, NJ 08865
Phone:(908) 859-1811
Fax:(908) 859-2118
Website:http://www.ircocu.com
Branches:2 branch locations
Members:8,317
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$95,825,082
CEO/Manager:Tracey Smith
Chairperson:George M Chando

Call Report

  • Credit Builder
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,755,231
TOTAL INVESTMENTS 42,992,273
Loans Held for Sale 0
 
 Real Estate Loans 19,190,681
 Unsecured Loans 5,841,001
 Other Loans 6,195,043
 TOTAL LOANS 31,226,725
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -269,812
 Land And Building 996,230
 Other Fixed Assets 138,662
 NCUSIF Deposit 798,614
 All Other Assets 3,187,159
  TOTAL ASSETS 95,825,082
LIABILITIES & CAPITAL:  
 Dividends Payable 49
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 460,516
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,059,042
 Regular shares 63,412,809
 All Other Shares & Deposits 10,147,923
  TOTAL SHARES & DEPOSITS 89,619,774
  TOTAL LIABILITIES 90,080,339
 Regular Reserve 1,515,791
 Other Reserves -544,264
 Undivided Earnings 4,773,216
  TOTAL EQUITY 5,744,743
  TOTAL LIABILITIES, SHARES, & EQUITY 95,825,082
INCOME & EXPENSE  
 Loan Income 454,407
 Investment Income 166,027
 Other Income 117,638
 Total Employee Compensation & Benefits 361,831
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 347,623
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 13,070
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,548
↑ Back to Top

Other Credit Unions

DEFENSE LOGISTICS FEDERAL CREDIT UNION
93 ARDEC BLDING, 100 PICATINNY ARSE
PICATINNY ARSEN, NJ 07806-5300
HMC (NJ) FEDERAL CREDIT UNION
2100 Wescott Dr, Credit Union- Firs
FLEMINGTON, NJ 08822-4603
BAKER FEDERAL CREDIT UNION
501 Baltimore St
PHILLIPSBURG, NJ 08865-1845
VAH LYONS EMPLOYEES FEDERAL CREDIT UNION
po box 187
LYONS, NJ 07939
MANVILLE AREA FEDERAL CREDIT UNION
43 S MAIN ST
MANVILLE, NJ 08835-1801
PUBLIC SERVICE FEDERAL CREDIT UNION
619 Union Ave
MIDDLESEX, NJ 08846
P S E FEDERAL CREDIT UNION
472 Weston Canal Rd
SOMERSET, NJ 08873
RIEGEL FEDERAL CREDIT UNION
515 Milford Warren Glen Rd
MILFORD, NJ 08848-1881
PICATINNY FEDERAL CREDIT UNION
100 MINERAL SPRINGS RD
DOVER, NJ 07801
PRINCETON FEDERAL CREDIT UNION
600 ALEXANDER PARK, SUITE 203
PRINCETON, NJ 08540