Dec, 31, 2023 — LIBERTY SAVINGS FEDERAL CREDIT UNION is a federal credit union headquartered in JERSEY CITY, NJ with 3 branch locations and about $126.53 million in total assets. Opened 73 years ago in 1951, LIBERTY SAVINGS FEDERAL CREDIT UNION has about 16,893 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LIBERTY SAVINGS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 660 Newark Ave JERSEY CITY, NJ 07306-2379 |
| Phone: | (201) 659-3900 |
| Fax: | (201) 659-7623 |
| Website: | https://www.lsfcu.org/ |
| Branches: | 3 branch locations |
| Members: | 16,893 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7184 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $126,527,017 |
| CEO/Manager: | Maria Solorzano |
| Chairperson: | Joanne Bruno |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,507,311 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,082,921 |
| Unsecured Loans | 30,464,221 |
| Other Loans | 18,832,826 |
| TOTAL LOANS | 68,379,968 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -763,923 |
| Land And Building | 1,266,699 |
| Other Fixed Assets | 451,705 |
| NCUSIF Deposit | 1,063,883 |
| All Other Assets | 0 |
| TOTAL ASSETS | 126,527,017 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,559,676 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,702,886 |
| Regular shares | 58,655,635 |
| All Other Shares & Deposits | 30,895,629 |
| TOTAL SHARES & DEPOSITS | 108,254,150 |
| TOTAL LIABILITIES | 110,813,826 |
| Regular Reserve | 0 |
| Other Reserves | 727,777 |
| Undivided Earnings | 14,985,414 |
| TOTAL EQUITY | 15,713,191 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 126,527,017 |
| INCOME & EXPENSE | |
| Loan Income | 6,136,900 |
| Investment Income | 1,146,462 |
| Other Income | 2,243,424 |
| Total Employee Compensation & Benefits | 3,439,805 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,595,348 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 469,475 |
| Cost of Funds | 981,883 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 883,573 |
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