Jun, 30, 2024 — BRIDGETON ONIZED FEDERAL CREDIT UNION is a federal credit union headquartered in CEDARVILLE, NJ with 2 branch locations and about $49.02 million in total assets. Opened 85 years ago in 1939, BRIDGETON ONIZED FEDERAL CREDIT UNION has about 7,249 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BRIDGETON ONIZED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 339 Main St CEDARVILLE, NJ 08311-2542 |
| Phone: | (856) 692-4000 |
| Fax: | (856) 367-7379 |
| Website: | https://www.bofcu.com |
| Branches: | 2 branch locations |
| Members: | 7,249 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3476 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,017,341 |
| CEO/Manager: | Tamara M Ciccioli |
| Chairperson: | Charles D Cristello |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,716,369 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,063,144 |
| Unsecured Loans | 5,487,770 |
| Other Loans | 13,032,701 |
| TOTAL LOANS | 24,583,615 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -211,867 |
| Land And Building | 29,605 |
| Other Fixed Assets | 12,528 |
| NCUSIF Deposit | 426,402 |
| All Other Assets | 0 |
| TOTAL ASSETS | 49,017,341 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,083,460 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,463,060 |
| Regular shares | 30,164,664 |
| All Other Shares & Deposits | 2,649,966 |
| TOTAL SHARES & DEPOSITS | 44,277,690 |
| TOTAL LIABILITIES | 45,361,150 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,656,191 |
| TOTAL EQUITY | 3,656,191 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,017,341 |
| INCOME & EXPENSE | |
| Loan Income | 1,187,104 |
| Investment Income | 114,178 |
| Other Income | 419,227 |
| Total Employee Compensation & Benefits | 739,246 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,043,744 |
| Non-operating Income & (Expense) | 12,850 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,796 |
| Cost of Funds | 32,641 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 363,863 |
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