Jun, 30, 2024 — BAYONNE SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BAYONNE, NJ with 1 branch location and about $3.76 million in total assets. Opened 86 years ago in 1938, BAYONNE SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 760 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: | 760 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2641 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,757,941 |
| CEO/Manager: | Edward J Kaczka |
| Chairperson: | Sam Maggio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 296,216 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 323,637 |
| Other Loans | 39,259 |
| TOTAL LOANS | 362,896 |
| (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 | 49,063 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,757,941 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,596 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,864 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,362,273 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,362,273 |
| TOTAL LIABILITIES | 3,367,733 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 390,208 |
| TOTAL EQUITY | 390,208 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,757,941 |
| INCOME & EXPENSE | |
| Loan Income | 17,238 |
| Investment Income | 22,379 |
| Other Income | 815 |
| Total Employee Compensation & Benefits | 11,448 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 20,194 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,631 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,712 |
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