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National Credit Union Service Organization

H. E. TELEPHONE FEDERAL CREDIT UNION

Mar, 31, 2021 — H. E. TELEPHONE FEDERAL CREDIT UNION is a federal credit union headquartered in Rochelle Park, NJ with 1 branch location and about $50.08 million in total assets. Opened 55 years ago in 1966, H. E. TELEPHONE FEDERAL CREDIT UNION has about 3,186 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://hetelfcu.org
Branches:1 branch locations
Members:3,186
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$50,079,632
CEO/Manager:Constance Scotellaro
Chairperson:Gerard Cerria

Call Report

  • Commercial Loans
  • Micro Consumer Loans
  • Real Estate Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,134,711
TOTAL INVESTMENTS 19,901,344
Loans Held for Sale 0
 
 Real Estate Loans 15,896,160
 Unsecured Loans 3,476,228
 Other Loans 3,341,997
 TOTAL LOANS 22,714,385
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -363,861
 Land And Building 0
 Other Fixed Assets 49,068
 NCUSIF Deposit 354,311
 All Other Assets 289,674
  TOTAL ASSETS 50,079,632
LIABILITIES & CAPITAL:  
 Dividends Payable 119,745
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 27,481
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,706,696
 Regular shares 21,740,031
 All Other Shares & Deposits 18,318,407
  TOTAL SHARES & DEPOSITS 43,765,134
  TOTAL LIABILITIES 43,912,360
 Regular Reserve 1,004,937
 Other Reserves 0
 Undivided Earnings 5,162,335
  TOTAL EQUITY 6,167,272
  TOTAL LIABILITIES, SHARES, & EQUITY 50,079,632
INCOME & EXPENSE  
 Loan Income 323,139
 Investment Income 48,150
 Other Income 13,744
 Total Employee Compensation & Benefits 188,245
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 95,254
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,000
 Cost of Funds 63,328
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 28,772
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