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National Credit Union Service Organization

PUBLIC SERVICE H C EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — PUBLIC SERVICE H C EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Brick, NJ with 0 branch location and about $9.02 million in total assets. Opened 68 years ago in 1953, PUBLIC SERVICE H C EMPLOYEES FEDERAL CREDIT UNION has about 868 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PUBLIC SERVICE H C EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 7
Brick, NJ 08723-0007
Phone:(888) 606-8877
Fax:(888) 606-8877
Website:n/a
Branches:0 branch locations
Members:868
Credit Union Type:Federal Credit Union
Charter Number:9082
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$9,017,691
CEO/Manager:Edward B Sullivan
Chairperson:Richard E Taylor Jr.

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,027,846
TOTAL INVESTMENTS 5,865,058
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,127,071
 Other Loans 1,489
 TOTAL LOANS 1,128,560
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -78,395
 Land And Building 0
 Other Fixed Assets 439
 NCUSIF Deposit 56,836
 All Other Assets 17,347
  TOTAL ASSETS 9,017,691
LIABILITIES & CAPITAL:  
 Dividends Payable 5,022
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,651
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,505,829
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,505,829
  TOTAL LIABILITIES 6,521,502
 Regular Reserve 143,828
 Other Reserves 0
 Undivided Earnings 2,352,361
  TOTAL EQUITY 2,496,189
  TOTAL LIABILITIES, SHARES, & EQUITY 9,017,691
INCOME & EXPENSE  
 Loan Income 33,550
 Investment Income 12,509
 Other Income 140
 Total Employee Compensation & Benefits 29,387
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,159
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,023
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,673
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