Mar, 31, 2022 — NEW COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $3.40 million in total assets. Opened 38 years ago in 1984, NEW COMMUNITY FEDERAL CREDIT UNION has about 3,604 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: | NEW COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 274 S Orange Ave NEWARK, NJ 07103-2419 |
Phone: | (973) 621-2363 |
Fax: | |
Website: | http://www.newcommunityfcu.org |
Branches: | 1 branch locations |
Members: | 3,604 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24167 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1984 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,403,516 |
CEO/Manager: | Mulu A Gebreyesus |
Chairperson: | Richard Cammarieri |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,051,169 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,286,942 |
Unsecured Loans | 33,265 |
Other Loans | 0 |
TOTAL LOANS | 1,320,207 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,886 |
Land And Building | 0 |
Other Fixed Assets | 3,165 |
NCUSIF Deposit | 28,278 |
All Other Assets | 0 |
TOTAL ASSETS | 3,403,516 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 349 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,722 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 94,372 |
Regular shares | 2,231,266 |
All Other Shares & Deposits | 662,325 |
TOTAL SHARES & DEPOSITS | 2,987,963 |
TOTAL LIABILITIES | 3,008,034 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 395,482 |
TOTAL EQUITY | 395,482 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,403,516 |
INCOME & EXPENSE | |
Loan Income | 16,090 |
Investment Income | 2,534 |
Other Income | 13,515 |
Total Employee Compensation & Benefits | 46,500 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 43,517 |
Non-operating Income & (Expense) | 71,616 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,697 |
Cost of Funds | 1,353 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,698 |
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