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JERSEY CENTRAL FEDERAL CREDIT UNION

Dec, 31, 2021 — JERSEY CENTRAL FEDERAL CREDIT UNION is a federal credit union headquartered in CRANFORD, NJ with 1 branch location and about $22.64 million in total assets. Opened 85 years ago in 1937, JERSEY CENTRAL FEDERAL CREDIT UNION has about 3,723 members and employs 7 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:http://www.jerseycentralfcu.com
Branches:1 branch locations
Members:3,723
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$22,637,258
CEO/Manager:Chris Chichester
Chairperson:Louis Ellis

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,338,311
TOTAL INVESTMENTS 10,249,304
Loans Held for Sale 0
 
 Real Estate Loans 1,539,289
 Unsecured Loans 5,125,727
 Other Loans 4,222,483
 TOTAL LOANS 10,887,499
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -149,510
 Land And Building 0
 Other Fixed Assets 42,391
 NCUSIF Deposit 167,483
 All Other Assets 101,780
  TOTAL ASSETS 22,637,258
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 83,542
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 646,164
 Regular shares 16,150,315
 All Other Shares & Deposits 1,435,571
  TOTAL SHARES & DEPOSITS 18,232,050
  TOTAL LIABILITIES 18,315,592
 Regular Reserve 687,837
 Other Reserves 0
 Undivided Earnings 3,633,829
  TOTAL EQUITY 4,321,666
  TOTAL LIABILITIES, SHARES, & EQUITY 22,637,258
INCOME & EXPENSE  
 Loan Income 1,038,999
 Investment Income 133,918
 Other Income 113,308
 Total Employee Compensation & Benefits 629,608
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 545,040
 Non-operating Income & (Expense) -100
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 64,507
 Cost of Funds 64,362
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 141,404
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