Sep, 30, 2022 — JERSEY CENTRAL FEDERAL CREDIT UNION is a federal credit union headquartered in CRANFORD, NJ with 1 branch location and about $22.13 million in total assets. Opened 86 years ago in 1937, JERSEY CENTRAL FEDERAL CREDIT UNION has about 3,835 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JERSEY CENTRAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 23 North Ave E CRANFORD, NJ 07016-2196 |
| Phone: | (908) 272-3040 |
| Fax: | (908) 272-6029 |
| Website: | https://www.jerseycentralfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,835 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2493 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,130,401 |
| CEO/Manager: | Chris Chichester |
| Chairperson: | Louis Ellis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 159,086 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,064,324 |
| Unsecured Loans | 5,466,585 |
| Other Loans | 4,501,840 |
| TOTAL LOANS | 12,032,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -194,489 |
| Land And Building | 0 |
| Other Fixed Assets | 32,586 |
| NCUSIF Deposit | 182,301 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,130,401 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 187,623 |
| Accounts Payable & Other Liabilities | 48,858 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 695,169 |
| Regular shares | 16,151,454 |
| All Other Shares & Deposits | 768,080 |
| TOTAL SHARES & DEPOSITS | 17,614,703 |
| TOTAL LIABILITIES | 17,851,184 |
| Regular Reserve | 0 |
| Other Reserves | 687,837 |
| Undivided Earnings | 3,591,380 |
| TOTAL EQUITY | 4,279,217 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,130,401 |
| INCOME & EXPENSE | |
| Loan Income | 778,310 |
| Investment Income | 91,455 |
| Other Income | 96,147 |
| Total Employee Compensation & Benefits | 486,472 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 385,717 |
| Non-operating Income & (Expense) | 74,348 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 158,552 |
| Cost of Funds | 52,447 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -42,449 |
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