Jun, 30, 2023 — N.J.T. EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WALDWICK, NJ with 1 branch location and about $22.19 million in total assets. Opened 70 years ago in 1954, N.J.T. EMPLOYEES FEDERAL CREDIT UNION has about 1,287 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | N.J.T. EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 7 Richard Dr WALDWICK, NJ 07463-2010 |
Phone: | (201) 447-6677 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,287 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9723 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Jan 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,189,861 |
CEO/Manager: | Louis E Sneyers |
Chairperson: | Darren Parker |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,515,864 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 3,805,038 |
Other Loans | 729,924 |
TOTAL LOANS | 4,534,962 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,428 |
Land And Building | 0 |
Other Fixed Assets | 4,126 |
NCUSIF Deposit | 197,785 |
All Other Assets | 0 |
TOTAL ASSETS | 22,189,861 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 90,031 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 454,053 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 19,700,802 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 19,700,802 |
TOTAL LIABILITIES | 20,244,886 |
Regular Reserve | 0 |
Other Reserves | 236,144 |
Undivided Earnings | 1,708,831 |
TOTAL EQUITY | 1,944,975 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,189,861 |
INCOME & EXPENSE | |
Loan Income | 351,124 |
Investment Income | 51,839 |
Other Income | 0 |
Total Employee Compensation & Benefits | 47,716 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 36,503 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,000 |
Cost of Funds | 271,715 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 38,373 |
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