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DIVISION 819 TRANSIT EMPLOYEES CREDIT UNION

Jun, 30, 2024 — DIVISION 819 TRANSIT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in IRVINGTON, NJ with 1 branch location and about $20.68 million in total assets. Opened 79 years ago in 1945, DIVISION 819 TRANSIT EMPLOYEES CREDIT UNION has about 1,511 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:1,511
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$20,684,969
CEO/Manager:Shirley King
Chairperson:Orlando Riley

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,033,294
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 4,263,727
 Other Loans 1,691,684
 TOTAL LOANS 5,955,411
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -130,563
 Land And Building 0
 Other Fixed Assets 10,160
 NCUSIF Deposit 179,356
 All Other Assets 0
  TOTAL ASSETS 20,684,969
LIABILITIES & CAPITAL:  
 Dividends Payable 53,319
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 121,559
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 16,494,604
 All Other Shares & Deposits 1,374,912
  TOTAL SHARES & DEPOSITS 17,869,516
  TOTAL LIABILITIES 18,044,394
 Regular Reserve 0
 Other Reserves 138,100
 Undivided Earnings 2,502,475
  TOTAL EQUITY 2,640,575
  TOTAL LIABILITIES, SHARES, & EQUITY 20,684,969
INCOME & EXPENSE  
 Loan Income 455,459
 Investment Income 56,877
 Other Income 5,356
 Total Employee Compensation & Benefits 163,676
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 133,027
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 134,853
 Cost of Funds 164,433
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -48,853
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