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LOCAL 1233 FEDERAL CREDIT UNION

Jun, 30, 2021 — LOCAL 1233 FEDERAL CREDIT UNION is a federal credit union headquartered in Newark, NJ with 1 branch location and about $12.43 million in total assets. Opened 50 years ago in 1971, LOCAL 1233 FEDERAL CREDIT UNION has about 800 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:800
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:$12,428,413
CEO/Manager:Khadija Rover
Chairperson:Anthony Brown

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,836,822
TOTAL INVESTMENTS 4,789,123
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,782,656
 Other Loans 1,902,336
 TOTAL LOANS 4,684,992
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,291
 Land And Building 0
 Other Fixed Assets 9,618
 NCUSIF Deposit 98,271
 All Other Assets 21,878
  TOTAL ASSETS 12,428,413
LIABILITIES & CAPITAL:  
 Dividends Payable 22,384
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 58,658
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 10,258,850
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 10,258,850
  TOTAL LIABILITIES 10,339,892
 Regular Reserve 67,214
 Other Reserves 0
 Undivided Earnings 2,021,307
  TOTAL EQUITY 2,088,521
  TOTAL LIABILITIES, SHARES, & EQUITY 12,428,413
INCOME & EXPENSE  
 Loan Income 216,843
 Investment Income 28,578
 Other Income 5,612
 Total Employee Compensation & Benefits 141,912
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 70,103
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,433
 Cost of Funds 44,390
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,031
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