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NEWARK POST OFFICE EMPLOYEES CREDIT UNION

Dec, 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 $2.89 million in total assets. Opened 99 years ago in 1924, NEWARK POST OFFICE EMPLOYEES CREDIT UNION has about 1,040 members and employs 7 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)
2 Federal Sq
NEWARK, NJ 07102-3515
Phone:(973) 621-7553
Fax:(973) 621-6408
Website:n/a
Branches:1 branch locations
Members:1,040
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:$2,890,154
CEO/Manager:DENISE BOYD
Chairperson:Cedric McPherson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,732,410
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 713,715
 Other Loans 0
 TOTAL LOANS 713,715
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -77,527
 Land And Building 0
 Other Fixed Assets 6,167
 NCUSIF Deposit 16,453
 All Other Assets 0
  TOTAL ASSETS 2,890,154
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,494
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,955,343
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,955,343
  TOTAL LIABILITIES 1,957,837
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 932,317
  TOTAL EQUITY 932,317
  TOTAL LIABILITIES, SHARES, & EQUITY 2,890,154
INCOME & EXPENSE  
 Loan Income 74,580
 Investment Income 7,541
 Other Income 5,041
 Total Employee Compensation & Benefits 74,285
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 51,860
 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 7,356
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -100,839
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