Jun, 30, 2024 — SOUTH JERSEY FEDERAL CREDIT UNION is a federal credit union headquartered in DEPTFORD, NJ with 9 branch locations and about $484.72 million in total assets. Opened 84 years ago in 1940, SOUTH JERSEY FEDERAL CREDIT UNION has about 45,423 members and employs 148 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 |
|---|---|
| Address: (Main Office) | 1615 Hurffville Rd DEPTFORD, NJ 08096 |
| Phone: | (856) 374-9700 |
| Fax: | (856) 232-9190 |
| Website: | https://www.firstharvestcu.com |
| Branches: | 9 branch locations |
| Members: | 45,423 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3951 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $484,722,599 |
| CEO/Manager: | Ernest D Huggard |
| Chairperson: | Loretta Winters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,142,446 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 197,563,913 |
| Unsecured Loans | 25,694,980 |
| Other Loans | 55,785,827 |
| TOTAL LOANS | 279,098,460 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,399,006 |
| Land And Building | 12,486,617 |
| Other Fixed Assets | 2,636,406 |
| NCUSIF Deposit | 4,227,855 |
| All Other Assets | 419,958 |
| TOTAL ASSETS | 484,722,599 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6 |
| Notes & Interest Payable | 35,740,718 |
| Accounts Payable & Other Liabilities | 6,534,801 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 69,400,845 |
| Regular shares | 219,773,737 |
| All Other Shares & Deposits | 128,665,210 |
| TOTAL SHARES & DEPOSITS | 417,839,792 |
| TOTAL LIABILITIES | 460,115,317 |
| Regular Reserve | 0 |
| Other Reserves | -12,559,151 |
| Undivided Earnings | 37,166,433 |
| TOTAL EQUITY | 24,607,282 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 484,722,599 |
| INCOME & EXPENSE | |
| Loan Income | 9,205,203 |
| Investment Income | 1,384,525 |
| Other Income | 4,295,158 |
| Total Employee Compensation & Benefits | 8,089,363 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,985,009 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 445,277 |
| Cost of Funds | 1,193,924 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 935,516 |
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