Jun, 30, 2024 — OCNAC #1 FEDERAL CREDIT UNION is a federal credit union headquartered in JERSEY CITY, NJ with 0 branch location and about $7.99 million in total assets. Opened 75 years ago in 1949, OCNAC #1 FEDERAL CREDIT UNION has about 2,449 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: | 0 branch locations |
| Members: | 2,449 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,987,305 |
| CEO/Manager: | Brent Hamilton |
| Chairperson: | nicholas antonicello |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,027,162 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,676,497 |
| Other Loans | 297,730 |
| TOTAL LOANS | 1,974,227 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,154 |
| Land And Building | 10,000 |
| Other Fixed Assets | 1,756 |
| NCUSIF Deposit | 72,075 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,987,305 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 57,697 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,229,679 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 7,229,679 |
| TOTAL LIABILITIES | 7,287,376 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 699,929 |
| TOTAL EQUITY | 699,929 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,987,305 |
| INCOME & EXPENSE | |
| Loan Income | 170,001 |
| Investment Income | 28,145 |
| Other Income | 5,007 |
| Total Employee Compensation & Benefits | 69,724 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 109,565 |
| Non-operating Income & (Expense) | 8,969 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 2,490 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,899 |
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