Sep, 30, 2025 — H. E. TELEPHONE FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHELLE PARK, NJ with 1 branch location and about $45.70 million in total assets. Opened 60 years ago in 1966, H. E. TELEPHONE FEDERAL CREDIT UNION has about 2,706 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | H. E. TELEPHONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 201 W Passaic St Ste 304 ROCHELLE PARK, NJ 07662-3126 |
| Phone: | (201) 845-6876 |
| Fax: | (201) 845-8792 |
| Website: | https://www.hetelfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,706 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17569 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,700,729 |
| CEO/Manager: | Joseph J Kiernan |
| Chairperson: | Michael E Savage |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,975,196 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,969,864 |
| Unsecured Loans | 3,753,041 |
| Other Loans | 3,953,964 |
| TOTAL LOANS | 23,676,869 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -349,948 |
| Land And Building | 0 |
| Other Fixed Assets | 53,581 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 375,224 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,700,729 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 122,959 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -67,300 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,112,488 |
| Regular shares | 19,153,024 |
| All Other Shares & Deposits | 16,393,760 |
| TOTAL SHARES & DEPOSITS | 38,659,272 |
| TOTAL LIABILITIES | 38,714,931 |
| Regular Reserve | 0 |
| Other Reserves | 1,004,937 |
| Undivided Earnings | 5,980,861 |
| TOTAL EQUITY | 6,985,798 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,700,729 |
| INCOME & EXPENSE | |
| Loan Income | 1,063,214 |
| Investment Income | 533,454 |
| Other Income | 35,001 |
| Total Employee Compensation & Benefits | 594,737 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 332,550 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 63,000 |
| Cost of Funds | 589,561 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 54,491 |
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