Dec, 31, 2023 — CREDIT UNION OF NEW JERSEY (CUNJ) is a federal credit union headquartered in EWING, NJ with 5 branch locations and about $437.94 million in total assets. Opened 81 years ago in 1943, CREDIT UNION OF NEW JERSEY (CUNJ) has about 36,657 members and employs 79 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION OF NEW JERSEY |
|---|---|
| Address: (Main Office) | 1301 Parkway Ave EWING, NJ 08628 |
| Phone: | (609) 538-4061 |
| Fax: | (609) 538-4057 |
| Website: | https://www.cunj.org |
| Branches: | 5 branch locations |
| Members: | 36,657 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24927 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $437,944,563 |
| CEO/Manager: | Andrew L Jaeger |
| Chairperson: | Gary K Chizmadia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,188,576 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 192,679,474 |
| Unsecured Loans | 61,235,624 |
| Other Loans | 96,902,947 |
| TOTAL LOANS | 350,818,045 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,293,479 |
| Land And Building | 5,773,976 |
| Other Fixed Assets | 2,172,496 |
| NCUSIF Deposit | 3,538,012 |
| All Other Assets | 285,902 |
| TOTAL ASSETS | 437,944,563 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 192,049 |
| Notes & Interest Payable | 37,000,000 |
| Accounts Payable & Other Liabilities | 5,223,010 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,000,000 |
| Share Drafts | 82,727,916 |
| Regular shares | 185,608,201 |
| All Other Shares & Deposits | 90,109,983 |
| TOTAL SHARES & DEPOSITS | 358,446,099 |
| TOTAL LIABILITIES | 408,861,158 |
| Regular Reserve | 0 |
| Other Reserves | -5,287,514 |
| Undivided Earnings | 34,370,919 |
| TOTAL EQUITY | 29,083,405 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 437,944,563 |
| INCOME & EXPENSE | |
| Loan Income | 19,413,576 |
| Investment Income | 1,360,242 |
| Other Income | 4,908,942 |
| Total Employee Compensation & Benefits | 8,231,039 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,017,471 |
| Non-operating Income & (Expense) | 56,361 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,420,299 |
| Cost of Funds | 2,124,277 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,086,552 |
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