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FEDERAL EMPLOYEES NEWARK FEDERAL CREDIT UNION

Sep, 30, 2021 — FEDERAL EMPLOYEES NEWARK FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 0 branch location and about $15.96 million in total assets. Opened 79 years ago in 1942, FEDERAL EMPLOYEES NEWARK FEDERAL CREDIT UNION has about 2,212 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.


ABA Routing Number: 221277159
Name:FEDERAL EMPLOYEES NEWARK FEDERAL CREDIT UNION
Address:
(Main Office)
970 BROAD STREET
NEWARK, NJ 07102-2534
Phone:(973) 622-6028
Fax:(973) 622-6688
Website:http://www.fenfcu.com
Branches:0 branch locations
Members:2,212
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$15,959,453
CEO/Manager:Tracey Davis
Chairperson:LOUIS MILANO

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,296,952
TOTAL INVESTMENTS 3,667,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,938,885
 Other Loans 1,007,353
 TOTAL LOANS 8,715,229
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -80,120
 Land And Building 0
 Other Fixed Assets 131,347
 NCUSIF Deposit 124,587
 All Other Assets 104,458
  TOTAL ASSETS 15,959,453
LIABILITIES & CAPITAL:  
 Dividends Payable 6,173
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 16,296
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 587,826
 Regular shares 9,466,553
 All Other Shares & Deposits 2,977,105
  TOTAL SHARES & DEPOSITS 13,031,484
  TOTAL LIABILITIES 13,053,953
 Regular Reserve 360,847
 Other Reserves 0
 Undivided Earnings 2,544,653
  TOTAL EQUITY 2,905,500
  TOTAL LIABILITIES, SHARES, & EQUITY 15,959,453
INCOME & EXPENSE  
 Loan Income 311,154
 Investment Income 39,996
 Other Income 42,729
 Total Employee Compensation & Benefits 179,251
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 194,796
 Non-operating Income & (Expense) 106,746
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,000
 Cost of Funds 40,840
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 78,738
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