Dec, 31, 2023 — CENTRAL JERSEY FEDERAL CREDIT UNION is a federal credit union headquartered in WOODBRIDGE, NJ with 1 branch location and about $99.39 million in total assets. Opened 88 years ago in 1936, CENTRAL JERSEY FEDERAL CREDIT UNION has about 6,618 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRAL JERSEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 380 BERRY ST WOODBRIDGE, NJ 07095 |
| Phone: | (732) 634-0600 |
| Fax: | (732) 634-7965 |
| Website: | https://www.cjfcu.org |
| Branches: | 1 branch locations |
| Members: | 6,618 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1108 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $99,389,577 |
| CEO/Manager: | Michael G Reilly |
| Chairperson: | James Lenox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,990,436 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,002,909 |
| Unsecured Loans | 9,069,815 |
| Other Loans | 11,044,828 |
| TOTAL LOANS | 43,117,552 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -378,501 |
| Land And Building | 2,591,756 |
| Other Fixed Assets | 122,327 |
| NCUSIF Deposit | 934,602 |
| All Other Assets | 0 |
| TOTAL ASSETS | 99,389,577 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,249,827 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,599,857 |
| Regular shares | 58,989,554 |
| All Other Shares & Deposits | 14,141,893 |
| TOTAL SHARES & DEPOSITS | 89,731,304 |
| TOTAL LIABILITIES | 90,981,131 |
| Regular Reserve | 0 |
| Other Reserves | 4,867,418 |
| Undivided Earnings | 3,541,028 |
| TOTAL EQUITY | 8,408,446 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 99,389,577 |
| INCOME & EXPENSE | |
| Loan Income | 2,619,743 |
| Investment Income | 1,086,894 |
| Other Income | 709,026 |
| Total Employee Compensation & Benefits | 1,634,609 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,729,159 |
| Non-operating Income & (Expense) | 27,458 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 407,400 |
| Cost of Funds | 190,774 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 642,663 |
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