Sep, 30, 2021 — DIVISION 819 TRANSIT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in IRVINGTON, NJ with 1 branch location and about $20.90 million in total assets. Opened 76 years ago in 1945, DIVISION 819 TRANSIT EMPLOYEES CREDIT UNION has about 1,513 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: | DIVISION 819 TRANSIT EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 186 BROOKSIDE AVE IRVINGTON, NJ 07111 |
| Phone: | (973) 373-2332 |
| Fax: | (973) 374-8558 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,513 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62855 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,897,168 |
| CEO/Manager: | Shirley King |
| Chairperson: | Orlando Riley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,905,050 |
| TOTAL INVESTMENTS | 5,741,666 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 4,113,899 |
| Other Loans | 1,972,994 |
| TOTAL LOANS | 6,086,893 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -47,718 |
| Land And Building | 0 |
| Other Fixed Assets | 12,310 |
| NCUSIF Deposit | 156,271 |
| All Other Assets | 42,696 |
| TOTAL ASSETS | 20,897,168 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 132,985 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 32,410 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 18,048,480 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 18,048,480 |
| TOTAL LIABILITIES | 18,213,875 |
| Regular Reserve | 138,099 |
| Other Reserves | 0 |
| Undivided Earnings | 2,545,194 |
| TOTAL EQUITY | 2,683,293 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,897,168 |
| INCOME & EXPENSE | |
| Loan Income | 460,810 |
| Investment Income | 62,124 |
| Other Income | 4,792 |
| Total Employee Compensation & Benefits | 166,037 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 139,626 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,315 |
| Cost of Funds | 273,381 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 53,560 |
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