Dec, 31, 2021 — ATLANTIC HEALTH EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SUMMIT, NJ with 2 branch locations and about $28.50 million in total assets. Opened 48 years ago in 1974, ATLANTIC HEALTH EMPLOYEES FEDERAL CREDIT UNION has about 4,738 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: | ATLANTIC HEALTH EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 99 Beauvoir Ave Fl 2 SUMMIT, NJ 07901 |
| Phone: | (908) 522-3530 |
| Fax: | (908) 277-3530 |
| Website: | http://www.ahefcu.org |
| Branches: | 2 branch locations |
| Members: | 4,738 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21737 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,502,789 |
| CEO/Manager: | Susan B McNulty |
| Chairperson: | Anita Whalen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 348,940 |
| TOTAL INVESTMENTS | 19,623,748 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 111,421 |
| Unsecured Loans | 3,295,398 |
| Other Loans | 4,933,329 |
| TOTAL LOANS | 8,340,148 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -162,879 |
| Land And Building | 0 |
| Other Fixed Assets | 16,560 |
| NCUSIF Deposit | 234,882 |
| All Other Assets | 101,390 |
| TOTAL ASSETS | 28,502,789 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 185,860 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,225,032 |
| Regular shares | 20,670,643 |
| All Other Shares & Deposits | 2,583,973 |
| TOTAL SHARES & DEPOSITS | 25,479,648 |
| TOTAL LIABILITIES | 25,665,508 |
| Regular Reserve | 219,340 |
| Other Reserves | 0 |
| Undivided Earnings | 2,617,941 |
| TOTAL EQUITY | 2,837,281 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,502,789 |
| INCOME & EXPENSE | |
| Loan Income | 584,159 |
| Investment Income | 230,521 |
| Other Income | 68,266 |
| Total Employee Compensation & Benefits | 514,376 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 527,821 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 39,843 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,109 |
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