Dec, 31, 2023 — HOBOKEN N J POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in HOBOKEN, NJ with 2 branch locations and about $9.48 million in total assets. Opened 71 years ago in 1953, HOBOKEN N J POLICE FEDERAL CREDIT UNION has about 769 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOBOKEN N J POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 95 RIVER ST HOBOKEN, NJ 07030 |
| Phone: | (201) 420-2129 |
| Fax: | (201) 659-1959 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 769 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9075 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,483,057 |
| CEO/Manager: | CHARLES KOSBAB |
| Chairperson: | ANTHONY ROMANO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,030,994 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,414,444 |
| Unsecured Loans | 1,949,977 |
| Other Loans | 1,284,119 |
| TOTAL LOANS | 6,648,540 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,053 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 74,362 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,483,057 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 93,621 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 91,727 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,478,684 |
| All Other Shares & Deposits | 3,432,484 |
| TOTAL SHARES & DEPOSITS | 6,911,168 |
| TOTAL LIABILITIES | 7,096,516 |
| Regular Reserve | 0 |
| Other Reserves | 310,443 |
| Undivided Earnings | 2,076,098 |
| TOTAL EQUITY | 2,386,541 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,483,057 |
| INCOME & EXPENSE | |
| Loan Income | 441,703 |
| Investment Income | 94,686 |
| Other Income | 4,170 |
| Total Employee Compensation & Benefits | 256,127 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 75,427 |
| Non-operating Income & (Expense) | 1,187 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,000 |
| Cost of Funds | 131,718 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 72,474 |
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