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 | |