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COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION

Dec, 31, 2021 — COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION is a federal credit union headquartered in ROSELLE, NJ with 2 branch locations and about $41.00 million in total assets. Opened 73 years ago in 1949, COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION has about 3,627 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 Saint George Ave
ROSELLE, NJ 07203-2936
Phone:(908) 245-1650
Fax:(908) 245-1651
Website:http://cfsfcu.com
Branches:2 branch locations
Members:3,627
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$40,997,483
CEO/Manager:Kelly Weiss
Chairperson:Samuel Jones

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,591,321
TOTAL INVESTMENTS 21,918,898
Loans Held for Sale 0
 
 Real Estate Loans 6,187,935
 Unsecured Loans 1,716,354
 Other Loans 5,184,608
 TOTAL LOANS 13,088,897
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,129,182
 Land And Building 1,985,291
 Other Fixed Assets 28,944
 NCUSIF Deposit 337,450
 All Other Assets 175,864
  TOTAL ASSETS 40,997,483
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 30,434
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,685,435
 Regular shares 27,032,738
 All Other Shares & Deposits 4,243,445
  TOTAL SHARES & DEPOSITS 35,961,618
  TOTAL LIABILITIES 35,992,052
 Regular Reserve 1,014,882
 Other Reserves 2,374,363
 Undivided Earnings 1,616,186
  TOTAL EQUITY 5,005,431
  TOTAL LIABILITIES, SHARES, & EQUITY 40,997,483
INCOME & EXPENSE  
 Loan Income 609,589
 Investment Income 301,842
 Other Income 248,337
 Total Employee Compensation & Benefits 728,514
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 701,955
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,178
 Cost of Funds 16,552
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 62,477
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