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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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