Dec, 31, 2023 — ERIE LACKAWANNA RAILROAD CO EMP FEDERAL CREDIT UNION is a federal credit union headquartered in HOBOKEN, NJ with 1 branch location and about $11.48 million in total assets. Opened 84 years ago in 1940, ERIE LACKAWANNA RAILROAD CO EMP FEDERAL CREDIT UNION has about 1,829 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: | ERIE LACKAWANNA RAILROAD CO EMP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 89 Washington St HOBOKEN, NJ 07030 |
| Phone: | (201) 222-8325 |
| Fax: | (201) 222-8326 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,829 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4158 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,477,745 |
| CEO/Manager: | Henry J Slootmaker |
| Chairperson: | Sidney P Denny, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,227,465 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,858,047 |
| Other Loans | 1,769,140 |
| TOTAL LOANS | 3,627,187 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,823 |
| Land And Building | 0 |
| Other Fixed Assets | 3,167 |
| NCUSIF Deposit | 95,112 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,477,745 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,654 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,861,243 |
| All Other Shares & Deposits | 2,751,019 |
| TOTAL SHARES & DEPOSITS | 8,612,262 |
| TOTAL LIABILITIES | 8,628,916 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,848,829 |
| TOTAL EQUITY | 2,848,829 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,477,745 |
| INCOME & EXPENSE | |
| Loan Income | 343,885 |
| Investment Income | 126,587 |
| Other Income | 5,115 |
| Total Employee Compensation & Benefits | 154,620 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 109,593 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 124,933 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 96,280 |
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