Sep, 30, 2025 — DEEPWATER INDUSTRIES FEDERAL CREDIT UNION is a federal credit union headquartered in DEEPWATER, NJ with 2 branch locations and about $110.32 million in total assets. Opened 91 years ago in 1935, DEEPWATER INDUSTRIES FEDERAL CREDIT UNION has about 7,907 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEEPWATER INDUSTRIES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 565 North Broadway DEEPWATER, NJ 08023 |
| Phone: | (856) 299-1279 |
| Fax: | (856) 299-0287 |
| Website: | https://www.deepwaterind.org |
| Branches: | 2 branch locations |
| Members: | 7,907 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 430 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $110,316,265 |
| CEO/Manager: | Sutton Gant |
| Chairperson: | Charles E Minix |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,917,303 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,212,246 |
| Unsecured Loans | 8,253,410 |
| Other Loans | 29,818,154 |
| TOTAL LOANS | 54,283,810 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -315,000 |
| Land And Building | 727,485 |
| Other Fixed Assets | 125,171 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 982,829 |
| All Other Assets | 0 |
| TOTAL ASSETS | 110,316,265 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 79,101 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,346,582 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,553,678 |
| Regular shares | 49,996,880 |
| All Other Shares & Deposits | 25,403,758 |
| TOTAL SHARES & DEPOSITS | 97,954,316 |
| TOTAL LIABILITIES | 99,379,999 |
| Regular Reserve | 0 |
| Other Reserves | -240,050 |
| Undivided Earnings | 11,176,316 |
| TOTAL EQUITY | 10,936,266 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,316,265 |
| INCOME & EXPENSE | |
| Loan Income | 2,479,788 |
| Investment Income | 767,890 |
| Other Income | 259,076 |
| Total Employee Compensation & Benefits | 836,853 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,884,602 |
| Non-operating Income & (Expense) | 2,730 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 276,946 |
| Cost of Funds | 251,197 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 805,594 |
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