Sep, 30, 2025 — OCNAC #1 FEDERAL CREDIT UNION is a federal credit union headquartered in JERSEY CITY, NJ with 1 branch location and about $7.14 million in total assets. Opened 77 years ago in 1949, OCNAC #1 FEDERAL CREDIT UNION has about 2,174 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OCNAC #1 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1082 summit ave JERSEY CITY, NJ 07307 |
| Phone: | (201) 420-1026 |
| Fax: | (201) 420-6281 |
| Website: | https://ocnac.com |
| Branches: | 1 branch locations |
| Members: | 2,174 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5987 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,141,525 |
| CEO/Manager: | Ivette Gamba |
| Chairperson: | nicholas antonicello |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,727,571 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,359,766 |
| Other Loans | 352,308 |
| TOTAL LOANS | 1,712,073 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -272,620 |
| Land And Building | 22,431 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 58,996 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,141,525 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 119,885 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,199,287 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,199,287 |
| TOTAL LIABILITIES | 6,319,172 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 822,353 |
| TOTAL EQUITY | 822,353 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,141,525 |
| INCOME & EXPENSE | |
| Loan Income | 172,906 |
| Investment Income | 149,855 |
| Other Income | 6,919 |
| Total Employee Compensation & Benefits | 70,187 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 127,632 |
| Non-operating Income & (Expense) | 7,632 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,000 |
| Cost of Funds | 4,334 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 70,159 |
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