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NEW BRUNSWICK POSTAL FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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