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PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION

Mar, 31, 2022 — PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, NJ with 1 branch location and about $18.47 million in total assets. Opened 69 years ago in 1953, PUBLIC SERVICE PLAZA FEDERAL CREDIT UNION has about 1,012 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:http://psplazafcu.com
Branches:1 branch locations
Members:1,012
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$18,470,525
CEO/Manager:Jeff Nelson
Chairperson:Willie Josey

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 459,170
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 32,174
 Unsecured Loans 536,160
 Other Loans 600,003
 TOTAL LOANS 1,168,337
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -43,630
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 158,468
 All Other Assets 0
  TOTAL ASSETS 18,470,525
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 37,411
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 15,883,137
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 15,883,137
  TOTAL LIABILITIES 15,920,548
 Regular Reserve 0
 Other Reserves 592,928
 Undivided Earnings 1,957,049
  TOTAL EQUITY 2,549,977
  TOTAL LIABILITIES, SHARES, & EQUITY 18,470,525
INCOME & EXPENSE  
 Loan Income 20,115
 Investment Income 50,112
 Other Income 1,721
 Total Employee Compensation & Benefits 31,007
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,324
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 17,390
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 561
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