Dec, 31, 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 $21.66 million in total assets. Opened 77 years ago in 1945, DIVISION 819 TRANSIT EMPLOYEES CREDIT UNION has about 1,507 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 |
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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: | 1,507 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62855 |
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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: | $21,662,178 |
CEO/Manager: | Shirley King |
Chairperson: | Orlando Riley |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,578,149 |
TOTAL INVESTMENTS | 6,476,666 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 4,122,328 |
Other Loans | 2,337,132 |
TOTAL LOANS | 6,459,460 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,533 |
Land And Building | 0 |
Other Fixed Assets | 11,899 |
NCUSIF Deposit | 156,271 |
All Other Assets | 43,266 |
TOTAL ASSETS | 21,662,178 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 62,557 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 161,631 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 18,748,562 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 18,748,562 |
TOTAL LIABILITIES | 18,972,750 |
Regular Reserve | 138,099 |
Other Reserves | 0 |
Undivided Earnings | 2,551,329 |
TOTAL EQUITY | 2,689,428 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,662,178 |
INCOME & EXPENSE | |
Loan Income | 613,319 |
Investment Income | 83,322 |
Other Income | 6,927 |
Total Employee Compensation & Benefits | 235,910 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 198,490 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 74,842 |
Cost of Funds | 255,823 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 59,696 |
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