Jun, 30, 2024 — PICATINNY FEDERAL CREDIT UNION is a federal credit union headquartered in DOVER, NJ with 5 branch locations and about $457.85 million in total assets. Opened 85 years ago in 1939, PICATINNY FEDERAL CREDIT UNION has about 18,479 members and employs 55 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PICATINNY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Mineral Springs RD DOVER, NJ 07801 |
| Phone: | (973) 361-5225 |
| Fax: | (973) 361-8850 |
| Website: | https://www.picacreditunion.com |
| Branches: | 5 branch locations |
| Members: | 18,479 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3291 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $457,847,410 |
| CEO/Manager: | Tony Molina |
| Chairperson: | Joe Shiposh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,756,822 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 157,406,781 |
| Unsecured Loans | 11,732,215 |
| Other Loans | 45,895,426 |
| TOTAL LOANS | 215,034,422 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -572,147 |
| Land And Building | 5,587,106 |
| Other Fixed Assets | 1,279,779 |
| NCUSIF Deposit | 3,905,346 |
| All Other Assets | 170,527 |
| TOTAL ASSETS | 457,847,410 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 325 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,011,772 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 85,621,559 |
| Regular shares | 271,992,020 |
| All Other Shares & Deposits | 72,175,839 |
| TOTAL SHARES & DEPOSITS | 429,789,418 |
| TOTAL LIABILITIES | 432,801,515 |
| Regular Reserve | 0 |
| Other Reserves | -10,895,599 |
| Undivided Earnings | 35,941,494 |
| TOTAL EQUITY | 25,045,895 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 457,847,410 |
| INCOME & EXPENSE | |
| Loan Income | 5,087,761 |
| Investment Income | 2,565,247 |
| Other Income | 402,386 |
| Total Employee Compensation & Benefits | 3,895,639 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,226,983 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 564,823 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,235,533 |
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