Dec, 31, 2023 — NJ GATEWAY FEDERAL CREDIT UNION is a federal credit union headquartered in MONMOUTH JUNCTION, NJ with 1 branch location and about $29.29 million in total assets. Opened 55 years ago in 1969, NJ GATEWAY FEDERAL CREDIT UNION has about 2,481 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NJ GATEWAY FEDERAL CREDIT UNION |
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Address: (Main Office) | 100 Culver Rd MONMOUTH JUNCTION, NJ 08852 |
Phone: | (732) 329-3838 |
Fax: | (732) 329-8624 |
Website: | https://www.njgateway.org |
Branches: | 1 branch locations |
Members: | 2,481 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19454 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,287,148 |
CEO/Manager: | Pierina Pantano |
Chairperson: | Peter Manfredo |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,027,938 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,838,537 |
Unsecured Loans | 768,831 |
Other Loans | 1,330,286 |
TOTAL LOANS | 4,937,654 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,557 |
Land And Building | 212,155 |
Other Fixed Assets | 20,301 |
NCUSIF Deposit | 267,180 |
All Other Assets | 0 |
TOTAL ASSETS | 29,287,148 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 50,106 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 97,883 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,360,291 |
Regular shares | 10,339,215 |
All Other Shares & Deposits | 8,743,584 |
TOTAL SHARES & DEPOSITS | 26,443,090 |
TOTAL LIABILITIES | 26,591,079 |
Regular Reserve | 0 |
Other Reserves | 701,081 |
Undivided Earnings | 1,994,988 |
TOTAL EQUITY | 2,696,069 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,287,148 |
INCOME & EXPENSE | |
Loan Income | 283,657 |
Investment Income | 261,348 |
Other Income | 33,980 |
Total Employee Compensation & Benefits | 356,739 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 349,316 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,400 |
Cost of Funds | 66,812 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -107,266 |
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