Dec, 31, 2023 — MERCER COUNTY IMPROVEMENT AUTHORITY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, NJ with 1 branch location and about $382,798 in total assets. Opened 88 years ago in 1936, MERCER COUNTY IMPROVEMENT AUTHORITY FEDERAL CREDIT UNION has about 210 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: | MERCER COUNTY IMPROVEMENT AUTHORITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 600 SLOAN AVE HAMILTON, NJ 08619 |
Phone: | (609) 689-1765 |
Fax: | (609) 689-9704 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 210 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1546 |
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Membership Type: | Service - Transportation |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $382,798 |
CEO/Manager: | YAVONE THURMON |
Chairperson: | BARRY L HAMILTON |
ASSETS: | $ Amount |
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Cash & Equivalents | 116,999 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 217,700 |
Other Loans | 0 |
TOTAL LOANS | 217,700 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,371 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 4,089 |
All Other Assets | 0 |
TOTAL ASSETS | 382,798 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,575 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 332,911 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 332,911 |
TOTAL LIABILITIES | 334,486 |
Regular Reserve | 0 |
Other Reserves | 22,738 |
Undivided Earnings | 25,574 |
TOTAL EQUITY | 48,312 |
TOTAL LIABILITIES, SHARES, & EQUITY | 382,798 |
INCOME & EXPENSE | |
Loan Income | 28,084 |
Investment Income | 4,152 |
Other Income | 2,424 |
Total Employee Compensation & Benefits | 19,643 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 25,028 |
Non-operating Income & (Expense) | 1,220 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,619 |
Cost of Funds | 555 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -14,965 |
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