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OCEAN COUNTY EMPLOYEES FEDERAL CREDIT UNION

Sep, 30, 2025 — OCEAN COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in TOMS RIVER, NJ with 1 branch location and about $1.52 million in total assets. Opened 58 years ago in 1968, OCEAN COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 353 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:OCEAN COUNTY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
118 Washington St
TOMS RIVER, NJ 08753
Phone:(732) 341-4004
Fax:(732) 341-0135
Website:n/a
Branches:1 branch locations
Members:353
Credit Union Type:Federal Credit Union
Charter Number:18759
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1968
Last Audited:Mar 01, 2025
FHLB Member:No
Low Income Designation:No
Assets:$1,520,946
CEO/Manager:Irene Marin
Chairperson:Sheila Burke-Jaccoud

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 478,818
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 352,170
 Other Loans 0
 TOTAL LOANS 352,170
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,328
 Land And Building 0
 Other Fixed Assets 724
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 11,741
 All Other Assets 0
  TOTAL ASSETS 1,520,946
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,830
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,247,328
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,247,328
  TOTAL LIABILITIES 1,251,158
 Regular Reserve 0
 Other Reserves 63,071
 Undivided Earnings 206,717
  TOTAL EQUITY 269,788
  TOTAL LIABILITIES, SHARES, & EQUITY 1,520,946
INCOME & EXPENSE  
 Loan Income 32,593
 Investment Income 23,242
 Other Income 1,320
 Total Employee Compensation & Benefits 33,553
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 10,709
 Non-operating Income & (Expense) 600
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 538
 Cost of Funds 284
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 12,760
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