Dec, 31, 2022 — NEW BRUNSWICK POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in EDISON, NJ with 2 branch locations and about $18.05 million in total assets. Opened 86 years ago in 1937, NEW BRUNSWICK POSTAL FEDERAL CREDIT UNION has about 2,351 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW BRUNSWICK POSTAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 19 Kilmer Rd EDISON, NJ 08817 |
| Phone: | (732) 985-4618 |
| Fax: | (732) 985-3893 |
| Website: | https://nbpostalfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,351 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2394 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,051,988 |
| CEO/Manager: | Sandra R Schwalb |
| Chairperson: | Vincent Monaghan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 292,046 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,400,976 |
| Unsecured Loans | 1,537,423 |
| Other Loans | 1,714,400 |
| TOTAL LOANS | 8,652,799 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -102,960 |
| Land And Building | 199,537 |
| Other Fixed Assets | 12,120 |
| NCUSIF Deposit | 159,723 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,051,988 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -2,528 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,240,738 |
| Regular shares | 12,524,862 |
| All Other Shares & Deposits | 1,283,687 |
| TOTAL SHARES & DEPOSITS | 16,049,287 |
| TOTAL LIABILITIES | 16,046,759 |
| Regular Reserve | 0 |
| Other Reserves | 643,300 |
| Undivided Earnings | 1,361,929 |
| TOTAL EQUITY | 2,005,229 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,051,988 |
| INCOME & EXPENSE | |
| Loan Income | 297,816 |
| Investment Income | 98,666 |
| Other Income | 91,913 |
| Total Employee Compensation & Benefits | 303,435 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 251,363 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -30,000 |
| Cost of Funds | 6,412 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -34,375 |
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