Jun, 30, 2021 — NJ GATEWAY FEDERAL CREDIT UNION is a federal credit union headquartered in Dayton, NJ with 1 branch location and about $30.35 million in total assets. Opened 52 years ago in 1969, NJ GATEWAY FEDERAL CREDIT UNION has about 2,574 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: | www.njgateway.org |
| Branches: | 1 branch locations |
| Members: | 2,574 |
| 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: | $30,346,177 |
| CEO/Manager: | Pierina Pantano |
| Chairperson: | Robert Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,961,169 |
| TOTAL INVESTMENTS | 22,162,216 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,642,976 |
| Unsecured Loans | 905,282 |
| Other Loans | 1,076,116 |
| TOTAL LOANS | 4,624,374 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,152 |
| Land And Building | 244,442 |
| Other Fixed Assets | 37,973 |
| NCUSIF Deposit | 243,588 |
| All Other Assets | 100,567 |
| TOTAL ASSETS | 30,346,177 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 130 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 609,488 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,438,426 |
| Regular shares | 12,592,009 |
| All Other Shares & Deposits | 7,722,118 |
| TOTAL SHARES & DEPOSITS | 26,752,553 |
| TOTAL LIABILITIES | 27,362,171 |
| Regular Reserve | 701,081 |
| Other Reserves | 0 |
| Undivided Earnings | 2,282,925 |
| TOTAL EQUITY | 2,984,006 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,346,177 |
| INCOME & EXPENSE | |
| Loan Income | 107,866 |
| Investment Income | 88,196 |
| Other Income | 10,641 |
| Total Employee Compensation & Benefits | 167,404 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 166,281 |
| 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 | 4,279 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -28,557 |
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