Jun, 30, 2024 — ATLANTIC CITY ELECTRIC CO EMP FEDERAL CREDIT UNION is a federal credit union headquartered in MAYS LANDING, NJ with 2 branch locations and about $66.23 million in total assets. Opened 84 years ago in 1940, ATLANTIC CITY ELECTRIC CO EMP FEDERAL CREDIT UNION has about 3,915 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 |
|---|---|
| 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: | 2 branch locations |
| Members: | 3,915 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3755 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,231,273 |
| CEO/Manager: | Michelle D Stiles |
| Chairperson: | Susan Coan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,728,642 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,130,239 |
| Unsecured Loans | 3,626,442 |
| Other Loans | 8,467,814 |
| TOTAL LOANS | 14,224,495 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,335 |
| Land And Building | 0 |
| Other Fixed Assets | 10,312 |
| NCUSIF Deposit | 591,753 |
| All Other Assets | 0 |
| TOTAL ASSETS | 66,231,273 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 35,176 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,420 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,860,514 |
| Regular shares | 45,137,757 |
| All Other Shares & Deposits | 2,074,607 |
| TOTAL SHARES & DEPOSITS | 62,072,878 |
| TOTAL LIABILITIES | 62,133,474 |
| Regular Reserve | 0 |
| Other Reserves | -2,540,823 |
| Undivided Earnings | 6,638,622 |
| TOTAL EQUITY | 4,097,799 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,231,273 |
| INCOME & EXPENSE | |
| Loan Income | 601,458 |
| Investment Income | 480,463 |
| Other Income | 245,316 |
| Total Employee Compensation & Benefits | 516,625 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 629,900 |
| Non-operating Income & (Expense) | 32,101 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 66,045 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 157,691 |
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