Sep, 30, 2025 — FIRST ATLANTIC FEDERAL CREDIT UNION is a federal credit union headquartered in EATONTOWN, NJ with 4 branch locations and about $311.47 million in total assets. Opened 91 years ago in 1935, FIRST ATLANTIC FEDERAL CREDIT UNION has about 22,876 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST ATLANTIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 468 INDUSTRIAL WAY W EATONTOWN, NJ 07724-2210 |
| Phone: | (732) 380-3600 |
| Fax: | (732) 380-3637 |
| Website: | https://www.fafcu.com |
| Branches: | 4 branch locations |
| Members: | 22,876 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 82 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $311,470,628 |
| CEO/Manager: | ANN GOLDINAK |
| Chairperson: | JASON SNAGUSKY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 60,963,073 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 126,270,476 |
| Unsecured Loans | 4,769,593 |
| Other Loans | 67,451,415 |
| TOTAL LOANS | 198,491,484 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,077,449 |
| Land And Building | 7,372,197 |
| Other Fixed Assets | 635,058 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,361,654 |
| All Other Assets | 306,635 |
| TOTAL ASSETS | 311,470,628 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 60,925 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,377,138 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 79,889,550 |
| Regular shares | 88,924,959 |
| All Other Shares & Deposits | 95,393,387 |
| TOTAL SHARES & DEPOSITS | 264,207,896 |
| TOTAL LIABILITIES | 269,645,959 |
| Regular Reserve | 0 |
| Other Reserves | 8,622,905 |
| Undivided Earnings | 33,201,764 |
| TOTAL EQUITY | 41,824,669 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 311,470,628 |
| INCOME & EXPENSE | |
| Loan Income | 8,897,833 |
| Investment Income | 2,653,882 |
| Other Income | 643,466 |
| Total Employee Compensation & Benefits | 2,786,689 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,547,115 |
| Non-operating Income & (Expense) | -294,717 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,170,000 |
| Cost of Funds | 2,223,940 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,589,894 |
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