Dec, 31, 2021 — MONMOUTH COUNTY POSTAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in RED BANK, NJ with 1 branch location and about $26.24 million in total assets. Opened 94 years ago in 1928, MONMOUTH COUNTY POSTAL EMPLOYEES CREDIT UNION has about 1,175 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MONMOUTH COUNTY POSTAL EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 171 Broad St RED BANK, NJ 07701-2057 |
Phone: | (732) 219-0009 |
Fax: | (732) 219-5269 |
Website: | http://www.monmouthpostalcu.org |
Branches: | 1 branch locations |
Members: | 1,175 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61872 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1928 |
Last Audited: | Aug 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $26,243,725 |
CEO/Manager: | Catherine J Costa |
Chairperson: | Eileen Rubano |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,576,030 |
TOTAL INVESTMENTS | 20,590,211 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,389,839 |
Unsecured Loans | 617,258 |
Other Loans | 717,138 |
TOTAL LOANS | 3,724,235 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,972 |
Land And Building | 173,162 |
Other Fixed Assets | 2,011 |
NCUSIF Deposit | 193,675 |
All Other Assets | 36,373 |
TOTAL ASSETS | 26,243,725 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,442 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 517,986 |
Regular shares | 19,382,868 |
All Other Shares & Deposits | 1,550,353 |
TOTAL SHARES & DEPOSITS | 21,451,207 |
TOTAL LIABILITIES | 21,457,649 |
Regular Reserve | 662,857 |
Other Reserves | -4,298 |
Undivided Earnings | 4,127,517 |
TOTAL EQUITY | 4,786,076 |
TOTAL LIABILITIES, SHARES, & EQUITY | 26,243,725 |
INCOME & EXPENSE | |
Loan Income | 193,185 |
Investment Income | 169,242 |
Other Income | 5,068 |
Total Employee Compensation & Benefits | 188,431 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 292,771 |
Non-operating Income & (Expense) | 16,130 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 35,573 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 70,959 |
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