Dec, 31, 2023 — ATLANTIC CITY ELECTRIC CO EMP FEDERAL CREDIT UNION is a federal credit union headquartered in MAYS LANDING, NJ with 1 branch location and about $58.21 million in total assets. Opened 84 years ago in 1940, ATLANTIC CITY ELECTRIC CO EMP FEDERAL CREDIT UNION has about 3,854 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ATLANTIC CITY ELECTRIC CO EMP FEDERAL CREDIT UNION |
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Address: (Main Office) | 5100 Harding Hwy Ste 103 MAYS LANDING, NJ 08330-2260 |
Phone: | (609) 625-6928 |
Fax: | (609) 625-5385 |
Website: | https://www.acecefcu.org |
Branches: | 1 branch locations |
Members: | 3,854 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3755 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $58,206,047 |
CEO/Manager: | Michelle D Stiles |
Chairperson: | Michael Gallagher |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,122,772 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,523,727 |
Unsecured Loans | 3,760,712 |
Other Loans | 12,717,694 |
TOTAL LOANS | 19,002,133 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -198,715 |
Land And Building | 0 |
Other Fixed Assets | 12,359 |
NCUSIF Deposit | 571,506 |
All Other Assets | 0 |
TOTAL ASSETS | 58,206,047 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 63,285 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 89,723 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,838,960 |
Regular shares | 38,553,086 |
All Other Shares & Deposits | 2,147,240 |
TOTAL SHARES & DEPOSITS | 53,539,285 |
TOTAL LIABILITIES | 53,692,293 |
Regular Reserve | 0 |
Other Reserves | -2,248,243 |
Undivided Earnings | 6,761,997 |
TOTAL EQUITY | 4,513,754 |
TOTAL LIABILITIES, SHARES, & EQUITY | 58,206,047 |
INCOME & EXPENSE | |
Loan Income | 972,379 |
Investment Income | 840,503 |
Other Income | 343,006 |
Total Employee Compensation & Benefits | 769,224 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 934,459 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,722 |
Cost of Funds | 174,355 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 279,791 |
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