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COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION

Mar, 31, 2021 — COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION is a federal credit union headquartered in ROSELLE, NJ with 2 branch locations and about $41.69 million in total assets. Opened 72 years ago in 1949, COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION has about 3,533 members and employs 8 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: 221276545
Name:COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION
Address:
(Main Office)
149 ST. GEORGE AVE.
ROSELLE, NJ 07203-2936
Phone:(908) 245-1650
Fax:(908) 245-1651
Website:http://cfsfcu.com
Branches:2 branch locations
Members:3,533
Credit Union Type:Federal Credit Union
Charter Number:6179
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1949
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$41,691,503
CEO/Manager:Kelly Weiss
Chairperson:Samuel Jones

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,718,320
TOTAL INVESTMENTS 20,362,021
Loans Held for Sale 0
 
 Real Estate Loans 7,156,408
 Unsecured Loans 1,687,738
 Other Loans 5,326,753
 TOTAL LOANS 14,170,899
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,127,375
 Land And Building 2,013,991
 Other Fixed Assets 46,139
 NCUSIF Deposit 293,589
 All Other Assets 213,919
  TOTAL ASSETS 41,691,503
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46,533
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,357,166
 Regular shares 27,938,742
 All Other Shares & Deposits 4,387,605
  TOTAL SHARES & DEPOSITS 36,683,513
  TOTAL LIABILITIES 36,730,046
 Regular Reserve 1,014,882
 Other Reserves 2,462,486
 Undivided Earnings 1,484,089
  TOTAL EQUITY 4,961,457
  TOTAL LIABILITIES, SHARES, & EQUITY 41,691,503
INCOME & EXPENSE  
 Loan Income 160,075
 Investment Income 74,080
 Other Income 58,716
 Total Employee Compensation & Benefits 174,266
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 180,593
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,519
 Cost of Funds 4,573
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -69,620
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