Dec, 31, 2023 — SOUTH JERSEY FEDERAL CREDIT UNION is a federal credit union headquartered in DEPTFORD, NJ with 8 branch locations and about $452.40 million in total assets. Opened 84 years ago in 1940, SOUTH JERSEY FEDERAL CREDIT UNION has about 47,315 members and employs 146 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTH JERSEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1615 Hurffville Rd DEPTFORD, NJ 08096 |
Phone: | (856) 374-9700 |
Fax: | (856) 232-9190 |
Website: | https://www.firstharvestcu.com |
Branches: | 8 branch locations |
Members: | 47,315 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3951 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $452,402,955 |
CEO/Manager: | Joseph M Dinneen |
Chairperson: | Loretta Winters |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,707,284 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 192,425,948 |
Unsecured Loans | 25,116,240 |
Other Loans | 54,744,718 |
TOTAL LOANS | 272,340,646 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,550,191 |
Land And Building | 11,756,763 |
Other Fixed Assets | 2,128,464 |
NCUSIF Deposit | 3,830,554 |
All Other Assets | 100,042 |
TOTAL ASSETS | 452,402,955 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 47 |
Notes & Interest Payable | 38,000,000 |
Accounts Payable & Other Liabilities | 9,523,271 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 63,554,926 |
Regular shares | 189,328,024 |
All Other Shares & Deposits | 127,646,935 |
TOTAL SHARES & DEPOSITS | 380,529,886 |
TOTAL LIABILITIES | 428,069,601 |
Regular Reserve | 0 |
Other Reserves | -10,546,396 |
Undivided Earnings | 34,879,750 |
TOTAL EQUITY | 24,333,354 |
TOTAL LIABILITIES, SHARES, & EQUITY | 452,402,955 |
INCOME & EXPENSE | |
Loan Income | 13,676,249 |
Investment Income | 2,356,044 |
Other Income | 5,364,828 |
Total Employee Compensation & Benefits | 11,504,125 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,227,088 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,457,252 |
Cost of Funds | 3,944,585 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -3,139,712 |
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