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PATH FEDERAL CREDIT UNION

Mar, 31, 2021 — PATH FEDERAL CREDIT UNION is a federal credit union headquartered in Jersey City, NJ with 0 branch location and about $12.89 million in total assets. Opened 69 years ago in 1952, PATH FEDERAL CREDIT UNION has about 1,283 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:PATH FEDERAL CREDIT UNION
Address:
(Main Office)
1 Path Plz
Jersey City, NJ 07306
Phone:(201) 216-6094
Fax:
Website:http://www.pathfcu.com
Branches:0 branch locations
Members:1,283
Credit Union Type:Federal Credit Union
Charter Number:8118
Membership Type:Service - Transportation
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,892,942
CEO/Manager:Denise Boyd-Taylor
Chairperson:Edward N Rehm

Call Report

  • Real Estate Loans
  • ATM/Debit Card Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,166,127
TOTAL INVESTMENTS 4,128,394
Loans Held for Sale 0
 
 Real Estate Loans 92,327
 Unsecured Loans 3,039,215
 Other Loans 2,021,304
 TOTAL LOANS 5,720,665
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -235,375
 Land And Building 0
 Other Fixed Assets 10,775
 NCUSIF Deposit 66,261
 All Other Assets 36,095
  TOTAL ASSETS 12,892,942
LIABILITIES & CAPITAL:  
 Dividends Payable 51,632
 Notes & Interest Payable 31,971
 Accounts Payable & Other Liabilities 22,138
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 217,409
 Regular shares 5,716,583
 All Other Shares & Deposits 2,313,800
  TOTAL SHARES & DEPOSITS 8,247,792
  TOTAL LIABILITIES 8,353,533
 Regular Reserve 125,656
 Other Reserves 0
 Undivided Earnings 4,413,753
  TOTAL EQUITY 4,539,409
  TOTAL LIABILITIES, SHARES, & EQUITY 12,892,942
INCOME & EXPENSE  
 Loan Income 146,462
 Investment Income 20,343
 Other Income 4,490
 Total Employee Compensation & Benefits 60,702
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 81,052
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 142,645
 Cost of Funds 33,225
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -138,843
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