Jun, 30, 2023 — H. E. TELEPHONE FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHELLE PARK, NJ with 1 branch location and about $52.65 million in total assets. Opened 58 years ago in 1966, H. E. TELEPHONE FEDERAL CREDIT UNION has about 2,907 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 |
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Address: (Main Office) | 201 W Passaic St Ste 304 ROCHELLE PARK, NJ 07662-3126 |
Phone: | (201) 845-6876 |
Fax: | (201) 845-8792 |
Website: | https://hetelfcu.org |
Branches: | 1 branch locations |
Members: | 2,907 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17569 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $52,645,914 |
CEO/Manager: | Constance Scotellaro |
Chairperson: | Gerard Cerria |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,036,459 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,293,804 |
Unsecured Loans | 3,662,573 |
Other Loans | 3,540,075 |
TOTAL LOANS | 23,496,452 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -370,637 |
Land And Building | 0 |
Other Fixed Assets | 46,949 |
NCUSIF Deposit | 422,084 |
All Other Assets | 0 |
TOTAL ASSETS | 52,645,914 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 115,882 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 65,244 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,735,554 |
Regular shares | 24,416,041 |
All Other Shares & Deposits | 17,698,838 |
TOTAL SHARES & DEPOSITS | 45,850,433 |
TOTAL LIABILITIES | 46,031,559 |
Regular Reserve | 0 |
Other Reserves | 1,004,937 |
Undivided Earnings | 5,609,418 |
TOTAL EQUITY | 6,614,355 |
TOTAL LIABILITIES, SHARES, & EQUITY | 52,645,914 |
INCOME & EXPENSE | |
Loan Income | 976,036 |
Investment Income | 181,318 |
Other Income | 51,998 |
Total Employee Compensation & Benefits | 576,606 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 314,652 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,000 |
Cost of Funds | 214,853 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 140,019 |
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