Dec, 31, 2023 — LAKEHURST NAVAL FEDERAL CREDIT UNION is a federal credit union headquartered in JOINT BASE MDL, NJ with 2 branch locations and about $35.90 million in total assets. Opened 72 years ago in 1952, LAKEHURST NAVAL FEDERAL CREDIT UNION has about 1,946 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LAKEHURST NAVAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 60 Lansdowne Rd JOINT BASE MDL, NJ 08733-5021 |
Phone: | (732) 323-2496 |
Fax: | (732) 323-1197 |
Website: | https://www.lnfcu.net |
Branches: | 2 branch locations |
Members: | 1,946 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7958 |
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Membership Type: | Military |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $35,904,688 |
CEO/Manager: | Valerie Stefanowitz |
Chairperson: | Charles Adler |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,308,338 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,623,512 |
Unsecured Loans | 2,760,134 |
Other Loans | 3,131,976 |
TOTAL LOANS | 10,515,622 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -242,549 |
Land And Building | 0 |
Other Fixed Assets | 30,395 |
NCUSIF Deposit | 324,026 |
All Other Assets | 0 |
TOTAL ASSETS | 35,904,688 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 56,061 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 128,677 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,008,668 |
Regular shares | 20,747,012 |
All Other Shares & Deposits | 6,099,364 |
TOTAL SHARES & DEPOSITS | 31,855,044 |
TOTAL LIABILITIES | 32,039,782 |
Regular Reserve | 0 |
Other Reserves | 495,556 |
Undivided Earnings | 3,369,350 |
TOTAL EQUITY | 3,864,906 |
TOTAL LIABILITIES, SHARES, & EQUITY | 35,904,688 |
INCOME & EXPENSE | |
Loan Income | 650,964 |
Investment Income | 374,989 |
Other Income | 86,513 |
Total Employee Compensation & Benefits | 392,177 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 526,219 |
Non-operating Income & (Expense) | 139,169 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,404 |
Cost of Funds | 136,218 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 110,617 |
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