Sep, 30, 2022 — NJ GATEWAY FEDERAL CREDIT UNION is a federal credit union headquartered in MONMOUTH JUNCTION, NJ with 1 branch location and about $31.66 million in total assets. Opened 54 years ago in 1969, NJ GATEWAY FEDERAL CREDIT UNION has about 2,541 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: | 2,541 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,657,085 |
| CEO/Manager: | Pierina Pantano |
| Chairperson: | Peter Manfredo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 445,812 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,686,066 |
| Unsecured Loans | 845,361 |
| Other Loans | 1,219,708 |
| TOTAL LOANS | 4,751,135 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,535 |
| Land And Building | 228,299 |
| Other Fixed Assets | 27,939 |
| NCUSIF Deposit | 262,678 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,657,085 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,411 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 67,974 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,908,969 |
| Regular shares | 12,684,395 |
| All Other Shares & Deposits | 9,143,233 |
| TOTAL SHARES & DEPOSITS | 28,736,597 |
| TOTAL LIABILITIES | 28,805,982 |
| Regular Reserve | 0 |
| Other Reserves | 701,081 |
| Undivided Earnings | 2,150,022 |
| TOTAL EQUITY | 2,851,103 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,657,085 |
| INCOME & EXPENSE | |
| Loan Income | 139,535 |
| Investment Income | 147,079 |
| Other Income | 24,508 |
| Total Employee Compensation & Benefits | 254,280 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 279,422 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,826 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -127,908 |
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