Sep, 30, 2025 — PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $12.66 million in total assets. Opened 73 years ago in 1953, PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION has about 958 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: | PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 80 Park Plz NEWARK, NJ 07102 |
| Phone: | (973) 430-7923 |
| Fax: | (973) 621-2126 |
| Website: | https://psplazafcu.com |
| Branches: | 1 branch locations |
| Members: | 958 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8993 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,658,806 |
| CEO/Manager: | Jeff Nelson |
| Chairperson: | Willie Josey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 454,734 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 671,459 |
| Other Loans | 1,306,775 |
| TOTAL LOANS | 1,978,234 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -52,373 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 106,542 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,658,806 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 38,949 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 32,899 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 8,531,890 |
| All Other Shares & Deposits | 1,528,977 |
| TOTAL SHARES & DEPOSITS | 10,060,867 |
| TOTAL LIABILITIES | 10,132,715 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,526,091 |
| TOTAL EQUITY | 2,526,091 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,658,806 |
| INCOME & EXPENSE | |
| Loan Income | 103,577 |
| Investment Income | 229,241 |
| Other Income | 1,160 |
| Total Employee Compensation & Benefits | 100,257 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 56,842 |
| Non-operating Income & (Expense) | 600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,500 |
| Cost of Funds | 101,356 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 48,623 |
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