Dec, 31, 2023 — NESTLE (FREEHOLD) EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, NJ with 0 branch location and about $1.59 million in total assets. Opened 48 years ago in 1976, NESTLE (FREEHOLD) EMPLOYEES FEDERAL CREDIT UNION has about 168 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NESTLE (FREEHOLD) EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 16 Locust Ave JACKSON, NJ 08527 |
Phone: | (908) 216-7595 |
Fax: | |
Website: | n/a |
Branches: | 0 branch locations |
Members: | 168 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22449 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,591,909 |
CEO/Manager: | LUANN AGLIETTI |
Chairperson: | PETER AGLIETTI |
ASSETS: | $ Amount |
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Cash & Equivalents | 245,111 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 226,594 |
Other Loans | 1,154,480 |
TOTAL LOANS | 1,381,074 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,000 |
Land And Building | 0 |
Other Fixed Assets | 20 |
NCUSIF Deposit | 19,348 |
All Other Assets | 0 |
TOTAL ASSETS | 1,591,909 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,558 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,986 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 932,228 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 932,228 |
TOTAL LIABILITIES | 947,772 |
Regular Reserve | 0 |
Other Reserves | 46,757 |
Undivided Earnings | 597,380 |
TOTAL EQUITY | 644,137 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,591,909 |
INCOME & EXPENSE | |
Loan Income | 94,592 |
Investment Income | 13,324 |
Other Income | 91 |
Total Employee Compensation & Benefits | 47,280 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 24,264 |
Non-operating Income & (Expense) | 2,878 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,000 |
Cost of Funds | 14,900 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 17,441 |
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» See also Statement of Financial Condition