Jun, 30, 2024 — 1ST BERGEN FEDERAL CREDIT UNION is a federal credit union headquartered in HACKENSACK, NJ with 3 branch locations and about $9.79 million in total assets. Opened 15 years ago in 2009, 1ST BERGEN FEDERAL CREDIT UNION has about 2,742 members and employs 5 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: | https://www.1stbergen.com |
| Branches: | 3 branch locations |
| Members: | 2,742 |
| 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: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,791,610 |
| CEO/Manager: | Robert Moore |
| Chairperson: | Gregory Jackson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,864,111 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 989,795 |
| Unsecured Loans | 681,751 |
| Other Loans | 1,113,536 |
| TOTAL LOANS | 2,785,082 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -182,236 |
| Land And Building | 250,421 |
| Other Fixed Assets | 793 |
| NCUSIF Deposit | 52,896 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,791,610 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 447 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 434,845 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,983,705 |
| Regular shares | 1,566,405 |
| All Other Shares & Deposits | 1,990,498 |
| TOTAL SHARES & DEPOSITS | 6,540,608 |
| TOTAL LIABILITIES | 6,975,900 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,815,710 |
| TOTAL EQUITY | 2,815,710 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,791,610 |
| INCOME & EXPENSE | |
| Loan Income | 92,237 |
| Investment Income | 0 |
| Other Income | 76,474 |
| Total Employee Compensation & Benefits | 199,946 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 338,697 |
| Non-operating Income & (Expense) | 476,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 460 |
| Cost of Funds | 14,653 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 95,757 |
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