Sep, 30, 2025 — JERSEY CENTRAL FEDERAL CREDIT UNION is a federal credit union headquartered in CRANFORD, NJ with 1 branch location and about $24.30 million in total assets. Opened 89 years ago in 1937, JERSEY CENTRAL FEDERAL CREDIT UNION has about 4,000 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: | https://www.jerseycentralfcu.com |
| Branches: | 1 branch locations |
| Members: | 4,000 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,299,781 |
| CEO/Manager: | Chris Chichester |
| Chairperson: | Louis Ellis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,942,206 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,192,527 |
| Unsecured Loans | 4,722,603 |
| Other Loans | 4,431,476 |
| TOTAL LOANS | 13,346,606 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -215,375 |
| Land And Building | 0 |
| Other Fixed Assets | 15,849 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 182,182 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,299,781 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,062 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,019,716 |
| Regular shares | 12,408,764 |
| All Other Shares & Deposits | 6,601,078 |
| TOTAL SHARES & DEPOSITS | 20,029,558 |
| TOTAL LIABILITIES | 20,076,620 |
| Regular Reserve | 0 |
| Other Reserves | 687,837 |
| Undivided Earnings | 3,535,324 |
| TOTAL EQUITY | 4,223,161 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,299,781 |
| INCOME & EXPENSE | |
| Loan Income | 968,146 |
| Investment Income | 162,018 |
| Other Income | 108,270 |
| Total Employee Compensation & Benefits | 541,165 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 483,684 |
| Non-operating Income & (Expense) | 59,008 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 39,923 |
| Cost of Funds | 245,343 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -12,673 |
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