Dec, 31, 2023 — HOBOKEN SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HOBOKEN, NJ with 1 branch location and about $67.23 million in total assets. Opened 87 years ago in 1937, HOBOKEN SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 1,565 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 |
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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: | 1,565 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2155 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $67,233,724 |
CEO/Manager: | WILLIAM C SLOOTMAKER |
Chairperson: | BART REILLY |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,065,977 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,212,423 |
Unsecured Loans | 2,563,154 |
Other Loans | 1,691,560 |
TOTAL LOANS | 27,467,137 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,827 |
Land And Building | 1,398,166 |
Other Fixed Assets | 77,339 |
NCUSIF Deposit | 468,794 |
All Other Assets | 0 |
TOTAL ASSETS | 67,233,724 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 125,364 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 107,181 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,639,724 |
Regular shares | 14,188,065 |
All Other Shares & Deposits | 34,877,649 |
TOTAL SHARES & DEPOSITS | 51,705,438 |
TOTAL LIABILITIES | 51,937,983 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 15,295,741 |
TOTAL EQUITY | 15,295,741 |
TOTAL LIABILITIES, SHARES, & EQUITY | 67,233,724 |
INCOME & EXPENSE | |
Loan Income | 1,155,813 |
Investment Income | 871,128 |
Other Income | 101,486 |
Total Employee Compensation & Benefits | 488,366 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 470,314 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,605 |
Cost of Funds | 1,145,354 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 44,397 |
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» See also Statement of Financial Condition