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1ST BERGEN FEDERAL CREDIT UNION

Mar, 31, 2021 — 1ST BERGEN FEDERAL CREDIT UNION is a federal credit union headquartered in Hackensack, NJ with 3 branch locations and about $8.52 million in total assets. Opened 12 years ago in 2009, 1ST BERGEN FEDERAL CREDIT UNION has about 3,372 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:1ST BERGEN FEDERAL CREDIT UNION
Address:
(Main Office)
392 Main St
Hackensack, NJ 07601-5805
Phone:(201) 968-0202
Fax:(201) 968-0203
Website:http://www.1stbergen.com
Branches:3 branch locations
Members:3,372
Credit Union Type:Federal Credit Union
Charter Number:24810
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:2009
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$8,519,588
CEO/Manager:Robert Moore
Chairperson:Allan De Giulio

Call Report

  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Individual Development Accounts
  • In-School Branches
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,425,070
TOTAL INVESTMENTS 1,462
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,962,081
 Other Loans 983,937
 TOTAL LOANS 2,946,018
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -160,000
 Land And Building 260,528
 Other Fixed Assets 5,144
 NCUSIF Deposit 41,366
 All Other Assets 0
  TOTAL ASSETS 8,519,588
LIABILITIES & CAPITAL:  
 Dividends Payable 350
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 126,226
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,572,704
 Regular shares 2,018,812
 All Other Shares & Deposits 1,751,580
  TOTAL SHARES & DEPOSITS 7,343,096
  TOTAL LIABILITIES 7,469,672
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,049,916
  TOTAL EQUITY 1,049,916
  TOTAL LIABILITIES, SHARES, & EQUITY 8,519,588
INCOME & EXPENSE  
 Loan Income 41,981
 Investment Income 147
 Other Income 59,227
 Total Employee Compensation & Benefits 66,600
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 74,975
 Non-operating Income & (Expense) 99,179
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,798
 Cost of Funds 6,285
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 49,876
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