Dec, 31, 2021 — CENTRAL JERSEY POLICE & FIRE FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, NJ with 1 branch location and about $42.53 million in total assets. Opened 83 years ago in 1939, CENTRAL JERSEY POLICE & FIRE FEDERAL CREDIT UNION has about 2,390 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRAL JERSEY POLICE & FIRE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2430 Hamilton Ave HAMILTON, NJ 08619 |
| Phone: | (609) 570-8155 |
| Fax: | (609) 228-7410 |
| Website: | http://cjpolicefirefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,390 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3202 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,529,487 |
| CEO/Manager: | Barbara Rios |
| Chairperson: | Paul Meyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,206,972 |
| TOTAL INVESTMENTS | 22,089,631 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,076,691 |
| Unsecured Loans | 2,901,551 |
| Other Loans | 8,305,163 |
| TOTAL LOANS | 17,283,405 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -223,897 |
| Land And Building | 673,917 |
| Other Fixed Assets | 94,116 |
| NCUSIF Deposit | 296,513 |
| All Other Assets | 108,830 |
| TOTAL ASSETS | 42,529,487 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 58,969 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 183,410 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,916,268 |
| Regular shares | 35,207,419 |
| All Other Shares & Deposits | 58,543 |
| TOTAL SHARES & DEPOSITS | 37,182,230 |
| TOTAL LIABILITIES | 37,424,609 |
| Regular Reserve | 250,000 |
| Other Reserves | -119,184 |
| Undivided Earnings | 4,974,062 |
| TOTAL EQUITY | 5,104,878 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,529,487 |
| INCOME & EXPENSE | |
| Loan Income | 790,333 |
| Investment Income | 240,461 |
| Other Income | 26,474 |
| Total Employee Compensation & Benefits | 423,248 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 280,351 |
| Non-operating Income & (Expense) | 27,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 160,739 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 367,508 |
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