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NOVARTIS FEDERAL CREDIT UNION

Jun, 30, 2024 — NOVARTIS FEDERAL CREDIT UNION is a federal credit union headquartered in EAST HANOVER, NJ with 2 branch locations and about $128.51 million in total assets. Opened 77 years ago in 1947, NOVARTIS FEDERAL CREDIT UNION has about 4,118 members and employs 19 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: 221278556
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:4,118
Credit Union Type:Federal Credit Union
Charter Number:5419
Membership Type:Manufacturing - Chemicals
Corporate Credit Union:No
Year Opened:1947
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$128,512,654
CEO/Manager:Linda L Rheiner
Chairperson:Michael Hatolski

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,741,561
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 26,432,860
 Unsecured Loans 2,112,988
 Other Loans 5,176,979
 TOTAL LOANS 33,722,827
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -157,605
 Land And Building 2,568,895
 Other Fixed Assets 119,069
 NCUSIF Deposit 910,903
 All Other Assets 0
  TOTAL ASSETS 128,512,654
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 570,057
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,867,435
 Regular shares 49,170,937
 All Other Shares & Deposits 46,098,542
  TOTAL SHARES & DEPOSITS 118,136,914
  TOTAL LIABILITIES 118,706,971
 Regular Reserve 0
 Other Reserves -1,364,905
 Undivided Earnings 11,170,588
  TOTAL EQUITY 9,805,683
  TOTAL LIABILITIES, SHARES, & EQUITY 128,512,654
INCOME & EXPENSE  
 Loan Income 915,344
 Investment Income 384,379
 Other Income 70,884
 Total Employee Compensation & Benefits 1,711,466
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,240,619
 Non-operating Income & (Expense) 560
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 27,053
 Cost of Funds 152,860
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,179,503
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