Sep, 30, 2025 — HOBOKEN SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HOBOKEN, NJ with 1 branch location and about $72.18 million in total assets. Opened 89 years ago in 1937, HOBOKEN SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 1,524 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: | HOBOKEN SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 522 ADAMS ST HOBOKEN, NJ 07030-2002 |
| Phone: | (201) 659-0126 |
| Fax: | (201) 659-0206 |
| Website: | https://www.hsefcu.coop |
| Branches: | 1 branch locations |
| Members: | 1,524 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2155 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $72,178,486 |
| CEO/Manager: | WILLIAM C SLOOTMAKER |
| Chairperson: | BART REILLY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,193,341 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,575,127 |
| Unsecured Loans | 2,541,382 |
| Other Loans | 1,637,475 |
| TOTAL LOANS | 25,753,984 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,901 |
| Land And Building | 1,361,171 |
| Other Fixed Assets | 39,914 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 443,330 |
| All Other Assets | 0 |
| TOTAL ASSETS | 72,178,486 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 161,559 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 127,520 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,936,492 |
| Regular shares | 12,775,088 |
| All Other Shares & Deposits | 40,792,655 |
| TOTAL SHARES & DEPOSITS | 56,504,236 |
| TOTAL LIABILITIES | 56,793,315 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 15,385,171 |
| TOTAL EQUITY | 15,385,171 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 72,178,486 |
| INCOME & EXPENSE | |
| Loan Income | 909,906 |
| Investment Income | 1,228,739 |
| Other Income | 67,971 |
| Total Employee Compensation & Benefits | 381,804 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 441,573 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,392 |
| Cost of Funds | 1,246,651 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 86,615 |
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