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JERSEY CITY FIREMEN FEDERAL CREDIT UNION

Jun, 30, 2021 — JERSEY CITY FIREMEN FEDERAL CREDIT UNION is a federal credit union headquartered in Jersey City, NJ with 1 branch location and about $12.72 million in total assets. Opened 71 years ago in 1950, JERSEY CITY FIREMEN FEDERAL CREDIT UNION has about 1,288 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:JERSEY CITY FIREMEN FEDERAL CREDIT UNION
Address:
(Main Office)
666 Summit Ave
Jersey City, NJ 07306-2509
Phone:(201) 653-8900
Fax:(201) 653-8900
Website:n/a
Branches:1 branch locations
Members:1,288
Credit Union Type:Federal Credit Union
Charter Number:6700
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1950
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,715,254
CEO/Manager:Patrick J Lacey
Chairperson:Thomas Galvin

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,434,319
TOTAL INVESTMENTS 7,669,105
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,485,843
 Other Loans 1,596,347
 TOTAL LOANS 3,082,190
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -103,042
 Land And Building 518,045
 Other Fixed Assets 11,670
 NCUSIF Deposit 72,535
 All Other Assets 30,432
  TOTAL ASSETS 12,715,254
LIABILITIES & CAPITAL:  
 Dividends Payable 15,073
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 150,153
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,172,126
 All Other Shares & Deposits 1,114,680
  TOTAL SHARES & DEPOSITS 7,286,806
  TOTAL LIABILITIES 7,452,032
 Regular Reserve 324,021
 Other Reserves 1,500,000
 Undivided Earnings 3,439,201
  TOTAL EQUITY 5,263,222
  TOTAL LIABILITIES, SHARES, & EQUITY 12,715,254
INCOME & EXPENSE  
 Loan Income 155,239
 Investment Income 36,042
 Other Income 50
 Total Employee Compensation & Benefits 129,108
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 70,511
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 24,000
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,684
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