Dec, 31, 2023 — CENTRAL JERSEY POLICE & FIRE FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, NJ with 1 branch location and about $43.76 million in total assets. Opened 85 years ago in 1939, CENTRAL JERSEY POLICE & FIRE FEDERAL CREDIT UNION has about 2,718 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: | 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: | https://cjpolicefirefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,718 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,758,405 |
| CEO/Manager: | Barbara Rios |
| Chairperson: | Paul Meyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 423,196 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 243,100 |
| Real Estate Loans | 6,632,660 |
| Unsecured Loans | 3,081,275 |
| Other Loans | 16,277,868 |
| TOTAL LOANS | 25,991,803 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -226,612 |
| Land And Building | 686,138 |
| Other Fixed Assets | 76,741 |
| NCUSIF Deposit | 371,891 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,758,405 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 71,713 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 182,760 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,597,430 |
| Regular shares | 32,694,204 |
| All Other Shares & Deposits | 3,445,275 |
| TOTAL SHARES & DEPOSITS | 38,736,908 |
| TOTAL LIABILITIES | 38,991,381 |
| Regular Reserve | 0 |
| Other Reserves | -1,134,666 |
| Undivided Earnings | 5,901,690 |
| TOTAL EQUITY | 4,767,024 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,758,405 |
| INCOME & EXPENSE | |
| Loan Income | 1,203,510 |
| Investment Income | 269,336 |
| Other Income | 25,637 |
| Total Employee Compensation & Benefits | 480,715 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 317,771 |
| Non-operating Income & (Expense) | 28,071 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 258,963 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 407,396 |
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