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LOCAL 1233 FEDERAL CREDIT UNION

Mar, 31, 2021 — LOCAL 1233 FEDERAL CREDIT UNION is a federal credit union headquartered in Newark, NJ with 1 branch location and about $12.35 million in total assets. Opened 50 years ago in 1971, LOCAL 1233 FEDERAL CREDIT UNION has about 797 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)
PO BOX 8008
Newark, NJ 07108-8008
Phone:(973) 824-7246
Fax:(973) 824-3107
Website:n/a
Branches:1 branch locations
Members:797
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:May 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,347,524
CEO/Manager:Khadija Rover
Chairperson:Anthony Brown

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,892,701
TOTAL INVESTMENTS 4,837,222
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,498,644
 Other Loans 2,006,095
 TOTAL LOANS 4,504,739
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,262
 Land And Building 0
 Other Fixed Assets 10,294
 NCUSIF Deposit 88,752
 All Other Assets 25,078
  TOTAL ASSETS 12,347,524
LIABILITIES & CAPITAL:  
 Dividends Payable 22,006
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 123,464
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 10,126,684
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 10,126,684
  TOTAL LIABILITIES 10,272,154
 Regular Reserve 67,214
 Other Reserves 0
 Undivided Earnings 2,008,156
  TOTAL EQUITY 2,075,370
  TOTAL LIABILITIES, SHARES, & EQUITY 12,347,524
INCOME & EXPENSE  
 Loan Income 107,485
 Investment Income 22,296
 Other Income 2,161
 Total Employee Compensation & Benefits 69,320
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 36,092
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,654
 Cost of Funds 22,006
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,880
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