Dec, 31, 2022 — NEW JERSEY LAW AND PUBLIC SAFETY CREDIT UNION is a federally insured state chartered credit union headquartered in TRENTON, NJ with 2 branch locations and about $58.79 million in total assets. Opened 68 years ago in 1955, NEW JERSEY LAW AND PUBLIC SAFETY CREDIT UNION has about 7,822 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW JERSEY LAW AND PUBLIC SAFETY CREDIT UNION |
|---|---|
| Address: (Main Office) | 225 E State St TRENTON, NJ 08608-1800 |
| Phone: | (609) 393-0046 |
| Fax: | (609) 393-0241 |
| Website: | https://www.njlpscu.org |
| Branches: | 2 branch locations |
| Members: | 7,822 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66130 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,792,891 |
| CEO/Manager: | Bonnie Karczewski |
| Chairperson: | Rosanne Fairbanks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,705,793 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,655,345 |
| Unsecured Loans | 7,019,553 |
| Other Loans | 9,485,352 |
| TOTAL LOANS | 27,160,250 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -567,652 |
| Land And Building | 0 |
| Other Fixed Assets | 138,913 |
| NCUSIF Deposit | 492,123 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,792,891 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 486 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 143,896 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,515,781 |
| Regular shares | 38,676,233 |
| All Other Shares & Deposits | 3,377,354 |
| TOTAL SHARES & DEPOSITS | 49,569,368 |
| TOTAL LIABILITIES | 49,713,750 |
| Regular Reserve | 0 |
| Other Reserves | 840,000 |
| Undivided Earnings | 8,239,141 |
| TOTAL EQUITY | 9,079,141 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,792,891 |
| INCOME & EXPENSE | |
| Loan Income | 1,101,321 |
| Investment Income | 90,836 |
| Other Income | 289,097 |
| Total Employee Compensation & Benefits | 577,486 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 627,903 |
| Non-operating Income & (Expense) | 119,436 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 142,497 |
| Cost of Funds | 29,310 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 223,494 |
| ↑ Back to Top | |