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BAYONNE SCHOOL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — BAYONNE SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BAYONNE, NJ with 1 branch location and about $6.80 million in total assets. Opened 84 years ago in 1938, BAYONNE SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 1,085 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BAYONNE SCHOOL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
667 Avenue a
BAYONNE, NJ 07002
Phone:(201) 858-5978
Fax:(201) 858-5978
Website:n/a
Branches:1 branch locations
Members:1,085
Credit Union Type:Federal Credit Union
Charter Number:2641
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1938
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,799,334
CEO/Manager:Edward J Kaczka
Chairperson:Sam Maggio

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,005,689
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 178,122
 Other Loans 41,545
 TOTAL LOANS 219,667
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,184
 Land And Building 0
 Other Fixed Assets 10
 NCUSIF Deposit 44,736
 All Other Assets 0
  TOTAL ASSETS 6,799,334
LIABILITIES & CAPITAL:  
 Dividends Payable 2,348
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,878
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,099,005
 All Other Shares & Deposits 3,304,658
  TOTAL SHARES & DEPOSITS 6,403,663
  TOTAL LIABILITIES 6,413,889
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 385,445
  TOTAL EQUITY 385,445
  TOTAL LIABILITIES, SHARES, & EQUITY 6,799,334
INCOME & EXPENSE  
 Loan Income 5,264
 Investment Income 7,397
 Other Income 85
 Total Employee Compensation & Benefits 4,056
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,969
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,092
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