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.
Name: | NOVARTIS FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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