NEWARK FIREMEN FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://newarkfiremenfcu.org for more information.
Sep, 30, 2025 — NEWARK FIREMEN FEDERAL CREDIT UNION is a federal credit union headquartered in Newark, NJ with 1 branch location and about $11.80 million in total assets. Opened 86 years ago in 1940, NEWARK FIREMEN FEDERAL CREDIT UNION has about 1,989 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEWARK FIREMEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 5086 Newark, NJ 07105-0086 |
| Phone: | (973) 589-7199 |
| Fax: | (973) 589-7494 |
| Website: | https://newarkfiremenfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,989 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4175 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,802,688 |
| CEO/Manager: | Chintan K Desai |
| Chairperson: | John M Doll |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,369,502 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 416,992 |
| Unsecured Loans | 803,507 |
| Other Loans | 1,239,690 |
| TOTAL LOANS | 3,493,772 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -237,022 |
| Land And Building | 453,314 |
| Other Fixed Assets | 25,105 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 114,274 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,802,688 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 25 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 107,664 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 839,995 |
| Regular shares | 9,163,500 |
| All Other Shares & Deposits | 757,349 |
| TOTAL SHARES & DEPOSITS | 10,760,844 |
| TOTAL LIABILITIES | 8,445,818 |
| Regular Reserve | 0 |
| Other Reserves | 8,542 |
| Undivided Earnings | 925,621 |
| TOTAL EQUITY | 934,163 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,874,815 |
| INCOME & EXPENSE | |
| Loan Income | 91,679 |
| Investment Income | 82,538 |
| Other Income | 17,595 |
| Total Employee Compensation & Benefits | 96,531 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 339,642 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -20,000 |
| Cost of Funds | 29,369 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -77,278 |
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