Dec, 31, 2023 — MIDDLESEX COUNTY N J EMP FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH BRUNSWICK, NJ with 1 branch location and about $7.43 million in total assets. Opened 56 years ago in 1968, MIDDLESEX COUNTY N J EMP FEDERAL CREDIT UNION has about 1,386 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MIDDLESEX COUNTY N J EMP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | Middlesex County EFCU NORTH BRUNSWICK, NJ 08902-3357 |
| Phone: | (732) 227-0270 |
| Fax: | |
| Website: | https://mccunj.cuwebservices.com |
| Branches: | 1 branch locations |
| Members: | 1,386 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18628 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,432,735 |
| CEO/Manager: | Sandra R Schwalb |
| Chairperson: | Mark Brennan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 94,077 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 188,855 |
| Unsecured Loans | 882,675 |
| Other Loans | 579,596 |
| TOTAL LOANS | 1,651,126 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 7,302 |
| Land And Building | 0 |
| Other Fixed Assets | 24,106 |
| NCUSIF Deposit | 76,071 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,432,735 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,086 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 516,784 |
| Regular shares | 5,913,669 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,430,454 |
| TOTAL LIABILITIES | 6,435,540 |
| Regular Reserve | 0 |
| Other Reserves | 141,787 |
| Undivided Earnings | 855,408 |
| TOTAL EQUITY | 997,195 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,432,735 |
| INCOME & EXPENSE | |
| Loan Income | 139,702 |
| Investment Income | 226,473 |
| Other Income | 41,578 |
| Total Employee Compensation & Benefits | 234,734 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 187,756 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,745 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,262 |
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