Dec, 31, 2020 — HEARD A.M.E. FEDERAL CREDIT UNION is a federal credit union headquartered in ROSELLE, NJ with 1 branch location and about $198,057 in total assets. Opened 41 years ago in 1980, HEARD A.M.E. FEDERAL CREDIT UNION has about 172 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEARD A.M.E. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 310 E 8TH AVE ROSELLE, NJ 07203 |
| Phone: | (908) 241-5588 |
| Fax: | (908) 241-8868 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 172 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23615 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $198,057 |
| CEO/Manager: | Evelyn Maynor |
| Chairperson: | BRIDGITTE HOPSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 75,516 |
| TOTAL INVESTMENTS | 70,267 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 51,875 |
| Other Loans | 0 |
| TOTAL LOANS | 51,875 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,045 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 1,795 |
| All Other Assets | 1,649 |
| TOTAL ASSETS | 198,057 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 200 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 171,900 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 171,900 |
| TOTAL LIABILITIES | 172,132 |
| Regular Reserve | 13,062 |
| Other Reserves | 0 |
| Undivided Earnings | 12,863 |
| TOTAL EQUITY | 25,925 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 198,057 |
| INCOME & EXPENSE | |
| Loan Income | 4,129 |
| Investment Income | 1,016 |
| Other Income | 4,321 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,605 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 500 |
| Cost of Funds | 165 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -804 |
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