Dec, 31, 2023 — MERCK EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RAHWAY, NJ with 4 branch locations and about $1.99 billion in total assets. Opened 88 years ago in 1936, MERCK EMPLOYEES FEDERAL CREDIT UNION has about 24,889 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MERCK EMPLOYEES FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 126 E LINCOLN AVE RAHWAY, NJ 07065-4607 |
Phone: | (732) 594-3317 |
Fax: | |
Website: | https://www.merckcu.com |
Branches: | 4 branch locations |
Members: | 24,889 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1454 |
---|---|
Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,992,774,612 |
CEO/Manager: | PAUL GENTILE |
Chairperson: | PATRICK RUANE |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 12,912,213 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 188,011,799 |
Unsecured Loans | 8,142,144 |
Other Loans | 17,353,118 |
TOTAL LOANS | 213,507,060 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -320,257 |
Land And Building | 1,207,557 |
Other Fixed Assets | 254,314 |
NCUSIF Deposit | 13,115,935 |
All Other Assets | 0 |
TOTAL ASSETS | 1,992,774,612 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,438,224 |
Notes & Interest Payable | 346,000,000 |
Accounts Payable & Other Liabilities | 4,010,146 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 123,455,774 |
Regular shares | 936,926,156 |
All Other Shares & Deposits | 365,023,921 |
TOTAL SHARES & DEPOSITS | 1,425,405,850 |
TOTAL LIABILITIES | 1,780,854,220 |
Regular Reserve | 0 |
Other Reserves | 24,444,838 |
Undivided Earnings | 187,475,554 |
TOTAL EQUITY | 211,920,392 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,992,774,612 |
INCOME & EXPENSE | |
Loan Income | 8,645,930 |
Investment Income | 27,526,306 |
Other Income | 154,678 |
Total Employee Compensation & Benefits | 3,191,715 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,426,178 |
Non-operating Income & (Expense) | 23,425 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 217,785 |
Cost of Funds | 35,138,824 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -4,622,274 |
↑ Back to Top |