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NEWARK POST OFFICE EMPLOYEES CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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