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NJ GATEWAY FEDERAL CREDIT UNION

Mar, 31, 2021 — NJ GATEWAY FEDERAL CREDIT UNION is a federal credit union headquartered in Dayton, NJ with 1 branch location and about $31.12 million in total assets. Opened 52 years ago in 1969, NJ GATEWAY FEDERAL CREDIT UNION has about 2,593 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)
P. O. Box 420
Dayton, NJ 08810
Phone:(732) 329-3838
Fax:(732) 329-8624
Website:http://www.njgateway.org
Branches:1 branch locations
Members:2,593
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$31,121,376
CEO/Manager:Pierina Pantano
Chairperson:Robert Phillips

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,682,250
TOTAL INVESTMENTS 20,969,715
Loans Held for Sale 0
 
 Real Estate Loans 2,726,336
 Unsecured Loans 926,407
 Other Loans 1,223,572
 TOTAL LOANS 4,876,315
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,845
 Land And Building 247,671
 Other Fixed Assets 34,215
 NCUSIF Deposit 243,588
 All Other Assets 102,467
  TOTAL ASSETS 31,121,376
LIABILITIES & CAPITAL:  
 Dividends Payable 162
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 616,154
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,879,813
 Regular shares 12,590,642
 All Other Shares & Deposits 8,063,482
  TOTAL SHARES & DEPOSITS 27,533,937
  TOTAL LIABILITIES 28,150,253
 Regular Reserve 701,081
 Other Reserves 0
 Undivided Earnings 2,270,042
  TOTAL EQUITY 2,971,123
  TOTAL LIABILITIES, SHARES, & EQUITY 31,121,376
INCOME & EXPENSE  
 Loan Income 55,265
 Investment Income 44,942
 Other Income 5,123
 Total Employee Compensation & Benefits 82,700
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 85,114
 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 2,243
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -41,440
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