Credit Unions Near Me
National Credit Union Service Organization

MID-STATE FEDERAL CREDIT UNION

Dec, 31, 2021 — MID-STATE FEDERAL CREDIT UNION is a federal credit union headquartered in CARTERET, NJ with 2 branch locations and about $19.20 million in total assets. Opened 72 years ago in 1950, MID-STATE FEDERAL CREDIT UNION has about 822 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:MID-STATE FEDERAL CREDIT UNION
Address:
(Main Office)
237 Roosevelt Ave
CARTERET, NJ 07008
Phone:(732) 541-4151
Fax:(732) 541-4449
Website:http://www.midstatefcu.org
Branches:2 branch locations
Members:822
Credit Union Type:Federal Credit Union
Charter Number:6739
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1950
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$19,200,185
CEO/Manager:Tracy Sussmann
Chairperson:Frank Roche

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 795,178
TOTAL INVESTMENTS 7,620,913
Loans Held for Sale 0
 
 Real Estate Loans 1,562,257
 Unsecured Loans 7,551,948
 Other Loans 444,440
 TOTAL LOANS 9,558,645
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -248,824
 Land And Building 1,036,227
 Other Fixed Assets 0
 NCUSIF Deposit 150,250
 All Other Assets 287,796
  TOTAL ASSETS 19,200,185
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,400,166
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,067,071
 Regular shares 7,840,429
 All Other Shares & Deposits 4,970,800
  TOTAL SHARES & DEPOSITS 14,878,300
  TOTAL LIABILITIES 17,278,466
 Regular Reserve 592,940
 Other Reserves 0
 Undivided Earnings 1,328,779
  TOTAL EQUITY 1,921,719
  TOTAL LIABILITIES, SHARES, & EQUITY 19,200,185
INCOME & EXPENSE  
 Loan Income 672,610
 Investment Income 84,218
 Other Income 67,336
 Total Employee Compensation & Benefits 279,178
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 399,941
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 90,000
 Cost of Funds 39,304
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 147,269
↑ Back to Top

Other Credit Unions

TERMINALS FEDERAL CREDIT UNION
90 TENNYSON ST
CARTERET, NJ 07008
M & C MENLO PARK FEDERAL CREDIT UNION
c/o BASF Corporation
ISELIN, NJ 08830
HEARD A.M.E. FEDERAL CREDIT UNION
310 E 8th Ave
ROSELLE, NJ 07203
LINDEN NJ POLICE & FIREMEN FEDERAL CREDIT UNION
300 W SAINT GEORGES AVE
LINDEN, NJ 07036-5638
UNITED INVESTORS FEDERAL CREDIT UNION
16 W Elizabeth Ave
LINDEN, NJ 07036
ELIZABETH POLICE DEPARTMENT E FEDERAL CREDIT UNION
1 POLICE PLZ
ELIZABETH, NJ 07201-2300
UNION COUNTY EMPLOYEES FEDERAL CREDIT UNION
2 Broad St Fl 15th
ELIZABETH, NJ 07201-2202
COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION
149 Saint George Ave
ROSELLE, NJ 07203-2936
WAKEFERN FEDERAL CREDIT UNION
505 Division St
ELIZABETH, NJ 07201
MOTION FEDERAL CREDIT UNION
360 N Wood Ave
LINDEN, NJ 07036