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LINDEN NJ POLICE & FIREMEN FEDERAL CREDIT UNION

Sep, 30, 2021 — LINDEN NJ POLICE & FIREMEN FEDERAL CREDIT UNION is a federal credit union headquartered in LINDEN, NJ with 1 branch location and about $9.89 million in total assets. Opened 84 years ago in 1938, LINDEN NJ POLICE & FIREMEN FEDERAL CREDIT UNION has about 1,261 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LINDEN NJ POLICE & FIREMEN FEDERAL CREDIT UNION
Address:
(Main Office)
300 W ST GEORGE AVENUE, PO BOX 1520
LINDEN, NJ 07036-5638
Phone:(908) 486-7249
Fax:(908) 486-0274
Website:n/a
Branches:1 branch locations
Members:1,261
Credit Union Type:Federal Credit Union
Charter Number:2617
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1938
Last Audited:Oct 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$9,892,148
CEO/Manager:Robert F Bunk
Chairperson:GEORGE KOSTREY

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 533,576
TOTAL INVESTMENTS 8,460,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 782,947
 Other Loans 93,976
 TOTAL LOANS 876,923
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -58,923
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 73,682
 All Other Assets 6,890
  TOTAL ASSETS 9,892,148
LIABILITIES & CAPITAL:  
 Dividends Payable 9,976
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 24,849
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 7,946,670
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 7,946,670
  TOTAL LIABILITIES 7,981,495
 Regular Reserve 191,000
 Other Reserves 0
 Undivided Earnings 1,719,653
  TOTAL EQUITY 1,910,653
  TOTAL LIABILITIES, SHARES, & EQUITY 9,892,148
INCOME & EXPENSE  
 Loan Income 55,933
 Investment Income 99,463
 Other Income 1,750
 Total Employee Compensation & Benefits 52,005
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 30,221
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 28,932
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 46,623
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