Dec, 31, 2023 — 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 $23.17 million in total assets. Opened 96 years ago in 1928, MONMOUTH COUNTY POSTAL EMPLOYEES CREDIT UNION has about 1,116 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: | https://www.monmouthpostalcu.org |
Branches: | 1 branch locations |
Members: | 1,116 |
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: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,174,344 |
CEO/Manager: | Catherine J Costa |
Chairperson: | Eileen Rubano |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,069,977 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,987,768 |
Unsecured Loans | 469,299 |
Other Loans | 1,116,760 |
TOTAL LOANS | 3,573,827 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,735 |
Land And Building | 142,154 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 197,515 |
All Other Assets | 0 |
TOTAL ASSETS | 23,174,344 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,575 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 668,741 |
Regular shares | 12,711,248 |
All Other Shares & Deposits | 5,206,289 |
TOTAL SHARES & DEPOSITS | 18,586,278 |
TOTAL LIABILITIES | 18,591,853 |
Regular Reserve | 0 |
Other Reserves | 644,727 |
Undivided Earnings | 3,937,764 |
TOTAL EQUITY | 4,582,491 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,174,344 |
INCOME & EXPENSE | |
Loan Income | 163,666 |
Investment Income | 265,616 |
Other Income | 5,133 |
Total Employee Compensation & Benefits | 189,344 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 263,949 |
Non-operating Income & (Expense) | 11,706 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 133,939 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -141,111 |
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