Jun, 30, 2024 — N. J. LATVIAN FEDERAL CREDIT UNION is a federal credit union headquartered in FREEHOLD, NJ with 1 branch location and about $7.79 million in total assets. Opened 53 years ago in 1971, N. J. LATVIAN FEDERAL CREDIT UNION has about 164 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | N. J. LATVIAN FEDERAL CREDIT UNION |
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Address: (Main Office) | 1017 State Route 33 FREEHOLD, NJ 07728-8440 |
Phone: | (732) 336-0033 |
Fax: | |
Website: | https://njlatviancreditunion.com |
Branches: | 1 branch locations |
Members: | 164 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20463 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Apr 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,789,608 |
CEO/Manager: | Daiga Bruveris |
Chairperson: | Maris Sermolins |
ASSETS: | $ Amount |
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Cash & Equivalents | 148,221 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 39,828 |
Other Loans | 93,808 |
TOTAL LOANS | 133,636 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,713 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 70,112 |
All Other Assets | 0 |
TOTAL ASSETS | 7,789,608 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,447,790 |
All Other Shares & Deposits | 6,124,521 |
TOTAL SHARES & DEPOSITS | 7,572,311 |
TOTAL LIABILITIES | 7,572,311 |
Regular Reserve | 0 |
Other Reserves | -774,171 |
Undivided Earnings | 991,468 |
TOTAL EQUITY | 217,297 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,789,608 |
INCOME & EXPENSE | |
Loan Income | 7,203 |
Investment Income | 132,008 |
Other Income | 0 |
Total Employee Compensation & Benefits | 24,969 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 34,225 |
Non-operating Income & (Expense) | 600 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 28,291 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 52,326 |
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