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