Dec, 31, 2021 — NJ GATEWAY FEDERAL CREDIT UNION is a federal credit union headquartered in MONMOUTH JUNCTION, NJ with 1 branch location and about $31.25 million in total assets. Opened 53 years ago in 1969, NJ GATEWAY FEDERAL CREDIT UNION has about 2,552 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NJ GATEWAY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 100 Culver Rd MONMOUTH JUNCTION, NJ 08852 |
Phone: | (732) 329-3838 |
Fax: | (732) 329-8624 |
Website: | www.njgateway.org |
Branches: | 1 branch locations |
Members: | 2,552 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19454 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,246,036 |
CEO/Manager: | Pierina Pantano |
Chairperson: | Peter Manfredo |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 2,519,992 |
TOTAL INVESTMENTS | 24,034,216 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,024,370 |
Unsecured Loans | 933,931 |
Other Loans | 1,157,563 |
TOTAL LOANS | 4,115,864 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,545 |
Land And Building | 237,985 |
Other Fixed Assets | 33,883 |
NCUSIF Deposit | 243,588 |
All Other Assets | 86,053 |
TOTAL ASSETS | 31,246,036 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 131 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 73,518 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,495,637 |
Regular shares | 13,352,840 |
All Other Shares & Deposits | 8,344,899 |
TOTAL SHARES & DEPOSITS | 28,193,376 |
TOTAL LIABILITIES | 28,267,025 |
Regular Reserve | 701,081 |
Other Reserves | 0 |
Undivided Earnings | 2,277,930 |
TOTAL EQUITY | 2,979,011 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,246,036 |
INCOME & EXPENSE | |
Loan Income | 202,500 |
Investment Income | 180,197 |
Other Income | 24,561 |
Total Employee Compensation & Benefits | 361,955 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 347,842 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -9,000 |
Cost of Funds | 8,182 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -33,552 |
↑ Back to Top |