Sep, 30, 2025 — FEDERAL EMPLOYEES NEWARK FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 0 branch location and about $15.03 million in total assets. Opened 84 years ago in 1942, FEDERAL EMPLOYEES NEWARK FEDERAL CREDIT UNION has about 2,354 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FEDERAL EMPLOYEES NEWARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 970 Broad St NEWARK, NJ 07102-2534 |
| Phone: | (973) 622-6028 |
| Fax: | (973) 622-6688 |
| Website: | https://www.fenfcu.com |
| Branches: | 0 branch locations |
| Members: | 2,354 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4894 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,029,108 |
| CEO/Manager: | Tracey Davis |
| Chairperson: | LOUIS MILANO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,277,669 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,294,888 |
| Unsecured Loans | 2,708,994 |
| Other Loans | 648,401 |
| TOTAL LOANS | 8,652,283 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -92,615 |
| Land And Building | 0 |
| Other Fixed Assets | 217,828 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 124,843 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,029,108 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,965 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,230 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 693,708 |
| Regular shares | 7,665,749 |
| All Other Shares & Deposits | 4,161,681 |
| TOTAL SHARES & DEPOSITS | 12,521,138 |
| TOTAL LIABILITIES | 12,534,333 |
| Regular Reserve | 0 |
| Other Reserves | -72,255 |
| Undivided Earnings | 2,567,030 |
| TOTAL EQUITY | 2,494,775 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,029,108 |
| INCOME & EXPENSE | |
| Loan Income | 359,963 |
| Investment Income | 145,062 |
| Other Income | 34,219 |
| Total Employee Compensation & Benefits | 207,781 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 226,141 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 68,244 |
| Cost of Funds | 132,372 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -95,294 |
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