Dec, 31, 2023 — HMC (NJ) FEDERAL CREDIT UNION is a federal credit union headquartered in FLEMINGTON, NJ with 1 branch location and about $9.10 million in total assets. Opened 46 years ago in 1978, HMC (NJ) FEDERAL CREDIT UNION has about 863 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HMC (NJ) FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 84 Park Ave Ste E103 FLEMINGTON, NJ 08822-1176 |
| Phone: | (908) 483-5767 |
| Fax: | |
| Website: | https://hmcfederalcreditunion.org/ |
| Branches: | 1 branch locations |
| Members: | 863 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23052 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,100,324 |
| CEO/Manager: | JANINE P ZANKO |
| Chairperson: | James Kahlke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 751,219 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 639,899 |
| Other Loans | 2,387,288 |
| TOTAL LOANS | 3,027,188 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,765 |
| Land And Building | 9,134 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 79,379 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,100,324 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,387 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 785,124 |
| Regular shares | 5,434,438 |
| All Other Shares & Deposits | 1,899,907 |
| TOTAL SHARES & DEPOSITS | 8,119,469 |
| TOTAL LIABILITIES | 8,133,856 |
| Regular Reserve | 0 |
| Other Reserves | 74,418 |
| Undivided Earnings | 892,050 |
| TOTAL EQUITY | 966,468 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,100,324 |
| INCOME & EXPENSE | |
| Loan Income | 143,933 |
| Investment Income | 112,185 |
| Other Income | 10,910 |
| Total Employee Compensation & Benefits | 147,101 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 58,863 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,762 |
| Cost of Funds | 56,900 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,007 |
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