Mar, 31, 2022 — NEWARK POST OFFICE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NEWARK, NJ with 1 branch location and about $2.93 million in total assets. Opened 98 years ago in 1924, NEWARK POST OFFICE EMPLOYEES CREDIT UNION has about 1,048 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 |
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Address: (Main Office) | 2 Federal Sq NEWARK, NJ 07102-3515 |
Phone: | (973) 621-7553 |
Fax: | (973) 621-6408 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,048 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66159 |
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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: | $2,927,798 |
CEO/Manager: | DENISE BOYD |
Chairperson: | Cedric McPherson |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,800,125 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 670,339 |
Other Loans | 0 |
TOTAL LOANS | 670,339 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,283 |
Land And Building | 0 |
Other Fixed Assets | 6,167 |
NCUSIF Deposit | 16,453 |
All Other Assets | 0 |
TOTAL ASSETS | 2,927,798 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,809 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,952,723 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,952,723 |
TOTAL LIABILITIES | 1,954,532 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 973,266 |
TOTAL EQUITY | 973,266 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,927,798 |
INCOME & EXPENSE | |
Loan Income | 24,316 |
Investment Income | 350 |
Other Income | 161 |
Total Employee Compensation & Benefits | 23,458 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,048 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,585 |
Cost of Funds | 2,438 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -72,236 |
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