Dec, 31, 2023 — PRINCETON FEDERAL CREDIT UNION is a federal credit union headquartered in PRINCETON, NJ with 1 branch location and about $168.89 million in total assets. Opened 52 years ago in 1972, PRINCETON FEDERAL CREDIT UNION has about 8,103 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PRINCETON FEDERAL CREDIT UNION |
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Address: (Main Office) | 600 Alexander Park PRINCETON, NJ 08540 |
Phone: | (609) 945-6200 |
Fax: | (609) 945-6298 |
Website: | https://www.princetonfcu.org |
Branches: | 1 branch locations |
Members: | 8,103 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21009 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $168,887,076 |
CEO/Manager: | Samuel J Paulicelli |
Chairperson: | Adam M Coyne |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,531,343 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 68,224,772 |
Unsecured Loans | 16,137,568 |
Other Loans | 10,431,110 |
TOTAL LOANS | 94,793,450 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -536,947 |
Land And Building | 1,578,902 |
Other Fixed Assets | 522,531 |
NCUSIF Deposit | 1,299,977 |
All Other Assets | 0 |
TOTAL ASSETS | 168,887,076 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 15,500,000 |
Accounts Payable & Other Liabilities | 1,884,087 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 36,883,645 |
Regular shares | 58,749,606 |
All Other Shares & Deposits | 44,083,252 |
TOTAL SHARES & DEPOSITS | 139,716,501 |
TOTAL LIABILITIES | 157,100,588 |
Regular Reserve | 0 |
Other Reserves | -698,465 |
Undivided Earnings | 12,484,953 |
TOTAL EQUITY | 11,786,488 |
TOTAL LIABILITIES, SHARES, & EQUITY | 168,887,076 |
INCOME & EXPENSE | |
Loan Income | 4,555,003 |
Investment Income | 2,006,208 |
Other Income | 170,085 |
Total Employee Compensation & Benefits | 2,620,743 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,438,953 |
Non-operating Income & (Expense) | -9,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 381,600 |
Cost of Funds | 1,185,972 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 648,320 |
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