Sep, 30, 2025 — NOVARTIS FEDERAL CREDIT UNION is a federal credit union headquartered in EAST HANOVER, NJ with 2 branch locations and about $96.68 million in total assets. Opened 79 years ago in 1947, NOVARTIS FEDERAL CREDIT UNION has about 3,745 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NOVARTIS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 124 S Ridgedale AVe EAST HANOVER, NJ 07936 |
| Phone: | (973) 947-1000 |
| Fax: | (973) 947-0998 |
| Website: | https://www.ridgedalefcu.org |
| Branches: | 2 branch locations |
| Members: | 3,745 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5419 |
|---|---|
| Membership Type: | Manufacturing - Chemicals |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $96,682,516 |
| CEO/Manager: | Linda L Rheiner |
| Chairperson: | Michael Hatolski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,846,274 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,981,026 |
| Unsecured Loans | 2,760,975 |
| Other Loans | 6,340,167 |
| TOTAL LOANS | 47,082,168 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -241,856 |
| Land And Building | 2,152,343 |
| Other Fixed Assets | 134,410 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 851,518 |
| All Other Assets | 0 |
| TOTAL ASSETS | 96,682,516 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 642,015 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,155,879 |
| Regular shares | 27,489,619 |
| All Other Shares & Deposits | 42,033,500 |
| TOTAL SHARES & DEPOSITS | 87,678,998 |
| TOTAL LIABILITIES | 88,321,013 |
| Regular Reserve | 0 |
| Other Reserves | 254,436 |
| Undivided Earnings | 8,107,067 |
| TOTAL EQUITY | 8,361,503 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,682,516 |
| INCOME & EXPENSE | |
| Loan Income | 2,160,249 |
| Investment Income | 1,062,540 |
| Other Income | 109,892 |
| Total Employee Compensation & Benefits | 1,985,668 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,220,906 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,729 |
| Cost of Funds | 823,509 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -262,475 |
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