Dec, 31, 2023 — LIBERTY SAVINGS FEDERAL CREDIT UNION is a federal credit union headquartered in JERSEY CITY, NJ with 3 branch locations and about $126.53 million in total assets. Opened 73 years ago in 1951, LIBERTY SAVINGS FEDERAL CREDIT UNION has about 16,893 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LIBERTY SAVINGS FEDERAL CREDIT UNION |
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Address: (Main Office) | 660 Newark Ave JERSEY CITY, NJ 07306-2379 |
Phone: | (201) 659-3900 |
Fax: | (201) 659-7623 |
Website: | https://www.lsfcu.org/ |
Branches: | 3 branch locations |
Members: | 16,893 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7184 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $126,527,017 |
CEO/Manager: | Maria Solorzano |
Chairperson: | Joanne Bruno |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,507,311 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,082,921 |
Unsecured Loans | 30,464,221 |
Other Loans | 18,832,826 |
TOTAL LOANS | 68,379,968 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -763,923 |
Land And Building | 1,266,699 |
Other Fixed Assets | 451,705 |
NCUSIF Deposit | 1,063,883 |
All Other Assets | 0 |
TOTAL ASSETS | 126,527,017 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,559,676 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,702,886 |
Regular shares | 58,655,635 |
All Other Shares & Deposits | 30,895,629 |
TOTAL SHARES & DEPOSITS | 108,254,150 |
TOTAL LIABILITIES | 110,813,826 |
Regular Reserve | 0 |
Other Reserves | 727,777 |
Undivided Earnings | 14,985,414 |
TOTAL EQUITY | 15,713,191 |
TOTAL LIABILITIES, SHARES, & EQUITY | 126,527,017 |
INCOME & EXPENSE | |
Loan Income | 6,136,900 |
Investment Income | 1,146,462 |
Other Income | 2,243,424 |
Total Employee Compensation & Benefits | 3,439,805 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,595,348 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 469,475 |
Cost of Funds | 981,883 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 883,573 |
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