Sep, 30, 2025 — LOCAL 1233 FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $13.67 million in total assets. Opened 55 years ago in 1971, LOCAL 1233 FEDERAL CREDIT UNION has about 905 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOCAL 1233 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 19 Fenwick St NEWARK, NJ 07114 |
| Phone: | (973) 824-7246 |
| Fax: | (973) 824-3107 |
| Website: | https://www.local1233fcu.org |
| Branches: | 1 branch locations |
| Members: | 905 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20773 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,672,167 |
| CEO/Manager: | Khadija Rover |
| Chairperson: | Norman Jackson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,546,090 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,723,122 |
| Other Loans | 3,443,660 |
| TOTAL LOANS | 6,166,783 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,249 |
| Land And Building | 0 |
| Other Fixed Assets | 13,673 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 104,681 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,672,167 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,588 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,259 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 11,128,324 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 11,128,324 |
| TOTAL LIABILITIES | 11,176,171 |
| Regular Reserve | 0 |
| Other Reserves | 67,214 |
| Undivided Earnings | 2,428,782 |
| TOTAL EQUITY | 2,495,996 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,672,167 |
| INCOME & EXPENSE | |
| Loan Income | 328,371 |
| Investment Income | 156,836 |
| Other Income | 20,583 |
| Total Employee Compensation & Benefits | 216,730 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 150,962 |
| Non-operating Income & (Expense) | 1,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -31,176 |
| Cost of Funds | 74,276 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 117,068 |
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