Jun, 30, 2024 — CREDIT UNION OF NEW JERSEY (CUNJ) is a federal credit union headquartered in EWING, NJ with 4 branch locations and about $423.34 million in total assets. Opened 81 years ago in 1943, CREDIT UNION OF NEW JERSEY (CUNJ) has about 37,700 members and employs 77 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: | 4 branch locations |
| Members: | 37,700 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $423,340,145 |
| CEO/Manager: | Andrew L Jaeger |
| Chairperson: | Gary K Chizmadia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,307,369 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 182,448,275 |
| Unsecured Loans | 59,497,064 |
| Other Loans | 95,742,757 |
| TOTAL LOANS | 337,688,096 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,029,958 |
| Land And Building | 6,042,210 |
| Other Fixed Assets | 1,116,116 |
| NCUSIF Deposit | 3,638,384 |
| All Other Assets | 367,982 |
| TOTAL ASSETS | 423,340,145 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 68,321 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,333,398 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,000,000 |
| Share Drafts | 89,274,796 |
| Regular shares | 203,671,194 |
| All Other Shares & Deposits | 92,363,580 |
| TOTAL SHARES & DEPOSITS | 385,309,570 |
| TOTAL LIABILITIES | 396,711,289 |
| Regular Reserve | 0 |
| Other Reserves | -2,972,857 |
| Undivided Earnings | 29,601,713 |
| TOTAL EQUITY | 26,628,856 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 423,340,145 |
| INCOME & EXPENSE | |
| Loan Income | 11,146,615 |
| Investment Income | 831,510 |
| Other Income | 3,766,477 |
| Total Employee Compensation & Benefits | 5,633,644 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,658,627 |
| Non-operating Income & (Expense) | -35,503 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,250,497 |
| Cost of Funds | 441,761 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,423,940 |
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