Dec, 31, 2023 — OCEAN COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in TOMS RIVER, NJ with 1 branch location and about $1.48 million in total assets. Opened 56 years ago in 1968, OCEAN COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 396 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 |
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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: | 396 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18759 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,476,234 |
CEO/Manager: | Irene Marin |
Chairperson: | Sheila Burke-Jaccoud |
ASSETS: | $ Amount |
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Cash & Equivalents | 239,428 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 400,966 |
Other Loans | 0 |
TOTAL LOANS | 400,966 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,032 |
Land And Building | 0 |
Other Fixed Assets | 247 |
NCUSIF Deposit | 13,131 |
All Other Assets | 0 |
TOTAL ASSETS | 1,476,234 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,160 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,216,175 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,216,175 |
TOTAL LIABILITIES | 1,219,335 |
Regular Reserve | 0 |
Other Reserves | 63,071 |
Undivided Earnings | 193,828 |
TOTAL EQUITY | 256,899 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,476,234 |
INCOME & EXPENSE | |
Loan Income | 45,354 |
Investment Income | 18,867 |
Other Income | 1,913 |
Total Employee Compensation & Benefits | 44,826 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,925 |
Non-operating Income & (Expense) | 800 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,755 |
Cost of Funds | 415 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,163 |
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