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LOCAL 1233 FEDERAL CREDIT UNION

Mar, 31, 2022 — LOCAL 1233 FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $12.66 million in total assets. Opened 51 years ago in 1971, LOCAL 1233 FEDERAL CREDIT UNION has about 832 members and employs 4 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:www.local1233fcu.org
Branches:1 branch locations
Members:832
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$12,655,288
CEO/Manager:Khadija Rover
Chairperson:Anthony Brown

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,935,928
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,682,234
 Other Loans 1,871,081
 TOTAL LOANS 4,553,315
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,010
 Land And Building 0
 Other Fixed Assets 4,189
 NCUSIF Deposit 98,271
 All Other Assets 0
  TOTAL ASSETS 12,655,288
LIABILITIES & CAPITAL:  
 Dividends Payable 22,718
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 42,673
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 10,449,765
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 10,449,765
  TOTAL LIABILITIES 10,515,156
 Regular Reserve 0
 Other Reserves 67,214
 Undivided Earnings 2,072,918
  TOTAL EQUITY 2,140,132
  TOTAL LIABILITIES, SHARES, & EQUITY 12,655,288
INCOME & EXPENSE  
 Loan Income 107,232
 Investment Income 16,316
 Other Income 2,724
 Total Employee Compensation & Benefits 65,466
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 38,548
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,700
 Cost of Funds 22,718
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 23,503
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