Jun, 30, 2021 — NEWARK POST OFFICE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NEWARK, NJ with 1 branch location and about $3.01 million in total assets. Opened 97 years ago in 1924, NEWARK POST OFFICE EMPLOYEES CREDIT UNION has about 1,138 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEWARK POST OFFICE EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 1570 NEWARK, NJ 07101-1570 |
| Phone: | (973) 621-7553 |
| Fax: | (973) 621-6408 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,138 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66159 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1924 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,012,710 |
| CEO/Manager: | HAZEL WILLIAMS |
| Chairperson: | Cedric McPherson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,779,515 |
| TOTAL INVESTMENTS | 493,998 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 806,672 |
| Other Loans | 0 |
| TOTAL LOANS | 806,672 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,095 |
| Land And Building | 0 |
| Other Fixed Assets | 6,167 |
| NCUSIF Deposit | 16,453 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,012,710 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,328 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,941,213 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,941,213 |
| TOTAL LIABILITIES | 1,944,541 |
| Regular Reserve | 90,293 |
| Other Reserves | 0 |
| Undivided Earnings | 977,876 |
| TOTAL EQUITY | 1,068,169 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,012,710 |
| INCOME & EXPENSE | |
| Loan Income | 61,590 |
| Investment Income | 195 |
| Other Income | 1,289 |
| Total Employee Compensation & Benefits | 15,558 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,382 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,304 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,830 |
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