Dec, 31, 2023 — NEW BRUNSWICK POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in EDISON, NJ with 2 branch locations and about $18.11 million in total assets. Opened 87 years ago in 1937, NEW BRUNSWICK POSTAL FEDERAL CREDIT UNION has about 2,270 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NEW BRUNSWICK POSTAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 19 Kilmer Rd EDISON, NJ 08817 |
Phone: | (732) 985-4618 |
Fax: | (732) 985-3893 |
Website: | https://nbpostalfcu.org |
Branches: | 2 branch locations |
Members: | 2,270 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2394 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,109,340 |
CEO/Manager: | Sandra R Schwalb |
Chairperson: | Vincent Monaghan |
ASSETS: | $ Amount |
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Cash & Equivalents | -91,688 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,866,333 |
Unsecured Loans | 1,926,849 |
Other Loans | 2,681,788 |
TOTAL LOANS | 11,474,970 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,260 |
Land And Building | 186,389 |
Other Fixed Assets | 29,617 |
NCUSIF Deposit | 154,039 |
All Other Assets | 0 |
TOTAL ASSETS | 18,109,340 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,050,000 |
Accounts Payable & Other Liabilities | -1,037 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,069,866 |
Regular shares | 10,899,662 |
All Other Shares & Deposits | 2,228,914 |
TOTAL SHARES & DEPOSITS | 15,198,442 |
TOTAL LIABILITIES | 16,247,405 |
Regular Reserve | 0 |
Other Reserves | 643,300 |
Undivided Earnings | 1,218,635 |
TOTAL EQUITY | 1,861,935 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,109,340 |
INCOME & EXPENSE | |
Loan Income | 568,136 |
Investment Income | 130,111 |
Other Income | 91,662 |
Total Employee Compensation & Benefits | 467,168 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 357,499 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 94,150 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -86,473 |
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