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COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION

Sep, 30, 2021 — COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION is a federal credit union headquartered in ROSELLE, NJ with 2 branch locations and about $41.66 million in total assets. Opened 73 years ago in 1949, COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION has about 3,634 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:3,634
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:$41,656,332
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 5,495,684
TOTAL INVESTMENTS 21,152,217
Loans Held for Sale 0
 
 Real Estate Loans 6,457,702
 Unsecured Loans 1,735,523
 Other Loans 5,325,581
 TOTAL LOANS 13,518,806
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,126,091
 Land And Building 1,994,858
 Other Fixed Assets 34,593
 NCUSIF Deposit 337,450
 All Other Assets 248,815
  TOTAL ASSETS 41,656,332
LIABILITIES & CAPITAL:  
 Dividends Payable 21
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 44,397
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,448,974
 Regular shares 27,565,382
 All Other Shares & Deposits 4,434,623
  TOTAL SHARES & DEPOSITS 36,448,979
  TOTAL LIABILITIES 36,493,397
 Regular Reserve 1,014,882
 Other Reserves 2,448,681
 Undivided Earnings 1,699,372
  TOTAL EQUITY 5,162,935
  TOTAL LIABILITIES, SHARES, & EQUITY 41,656,332
INCOME & EXPENSE  
 Loan Income 471,778
 Investment Income 223,327
 Other Income 181,964
 Total Employee Compensation & Benefits 539,300
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 528,583
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,818
 Cost of Funds 12,848
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 145,663
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