Dec, 31, 2023 — ATLANTIC HEALTH EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SUMMIT, NJ with 2 branch locations and about $29.98 million in total assets. Opened 50 years ago in 1974, ATLANTIC HEALTH EMPLOYEES FEDERAL CREDIT UNION has about 5,194 members and employs 5 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: | https://www.ahefcu.org |
| Branches: | 2 branch locations |
| Members: | 5,194 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21737 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,982,575 |
| CEO/Manager: | Susan B McNulty |
| Chairperson: | Anita Whalen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 500,031 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,009 |
| Unsecured Loans | 4,172,728 |
| Other Loans | 9,280,970 |
| TOTAL LOANS | 13,476,707 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -129,901 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 251,229 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,982,575 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 216,770 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,548,084 |
| Regular shares | 19,547,881 |
| All Other Shares & Deposits | 4,781,784 |
| TOTAL SHARES & DEPOSITS | 26,877,750 |
| TOTAL LIABILITIES | 27,094,520 |
| Regular Reserve | 0 |
| Other Reserves | 219,340 |
| Undivided Earnings | 2,668,715 |
| TOTAL EQUITY | 2,888,055 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,982,575 |
| INCOME & EXPENSE | |
| Loan Income | 969,389 |
| Investment Income | 213,195 |
| Other Income | 102,615 |
| Total Employee Compensation & Benefits | 528,548 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 586,714 |
| Non-operating Income & (Expense) | 750 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,000 |
| Cost of Funds | 161,329 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 60,095 |
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