Dec, 31, 2021 — MANVILLE AREA FEDERAL CREDIT UNION is a federal credit union headquartered in MANVILLE, NJ with 1 branch location and about $32.45 million in total assets. Opened 85 years ago in 1937, MANVILLE AREA FEDERAL CREDIT UNION has about 2,009 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MANVILLE AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 43 S Main St MANVILLE, NJ 08835-1801 |
| Phone: | (908) 526-8844 |
| Fax: | (908) 526-3355 |
| Website: | http://www.manville.org |
| Branches: | 1 branch locations |
| Members: | 2,009 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2168 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,450,386 |
| CEO/Manager: | Marc Vogel |
| Chairperson: | walter tanalski jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,672,880 |
| TOTAL INVESTMENTS | 11,627,334 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,737,747 |
| Unsecured Loans | 540,668 |
| Other Loans | 1,605,963 |
| TOTAL LOANS | 18,884,378 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,545 |
| Land And Building | 0 |
| Other Fixed Assets | 20,167 |
| NCUSIF Deposit | 259,168 |
| All Other Assets | 49,004 |
| TOTAL ASSETS | 32,450,386 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 71,065 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,612,779 |
| Regular shares | 16,023,399 |
| All Other Shares & Deposits | 10,362,626 |
| TOTAL SHARES & DEPOSITS | 28,998,804 |
| TOTAL LIABILITIES | 29,069,869 |
| Regular Reserve | 481,441 |
| Other Reserves | 0 |
| Undivided Earnings | 2,899,076 |
| TOTAL EQUITY | 3,380,517 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,450,386 |
| INCOME & EXPENSE | |
| Loan Income | 654,037 |
| Investment Income | 46,758 |
| Other Income | 89,722 |
| Total Employee Compensation & Benefits | 418,034 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 392,865 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 38,955 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 220,724 |
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