Dec, 31, 2023 — JERSEY CITY POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in JERSEY CITY, NJ with 1 branch location and about $9.03 million in total assets. Opened 74 years ago in 1950, JERSEY CITY POLICE FEDERAL CREDIT UNION has about 1,043 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JERSEY CITY POLICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 161 Sterling Ave JERSEY CITY, NJ 07305 |
| Phone: | (201) 547-5388 |
| Fax: | (201) 434-2122 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,043 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6944 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,025,465 |
| CEO/Manager: | Jorge Santana |
| Chairperson: | Jay White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 328,819 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,263,082 |
| Other Loans | 1,067,828 |
| TOTAL LOANS | 2,330,910 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,427 |
| Land And Building | 26,192 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 75,971 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,025,465 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,860 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,205,528 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 7,205,528 |
| TOTAL LIABILITIES | 7,213,388 |
| Regular Reserve | 0 |
| Other Reserves | 177,285 |
| Undivided Earnings | 1,634,792 |
| TOTAL EQUITY | 1,812,077 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,025,465 |
| INCOME & EXPENSE | |
| Loan Income | 164,595 |
| Investment Income | 72,558 |
| Other Income | 1,456 |
| Total Employee Compensation & Benefits | 154,182 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 67,985 |
| Non-operating Income & (Expense) | 24,300 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,483 |
| Cost of Funds | 13,376 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,883 |
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