Dec, 31, 2023 — N.J.T. EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WALDWICK, NJ with 1 branch location and about $19.33 million in total assets. Opened 70 years ago in 1954, N.J.T. EMPLOYEES FEDERAL CREDIT UNION has about 1,259 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | N.J.T. EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7 Richard Dr WALDWICK, NJ 07463-2010 |
| Phone: | (201) 447-6677 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,259 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9723 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,327,089 |
| CEO/Manager: | Louis E Sneyers |
| Chairperson: | Darren Parker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 963,318 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,655,683 |
| Other Loans | 1,075,224 |
| TOTAL LOANS | 4,730,907 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,824 |
| Land And Building | 0 |
| Other Fixed Assets | 2,226 |
| NCUSIF Deposit | 193,248 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,327,089 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 144,264 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 39,376 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 17,170,106 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 17,170,106 |
| TOTAL LIABILITIES | 17,353,746 |
| Regular Reserve | 0 |
| Other Reserves | 236,144 |
| Undivided Earnings | 1,737,199 |
| TOTAL EQUITY | 1,973,343 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,327,089 |
| INCOME & EXPENSE | |
| Loan Income | 474,855 |
| Investment Income | 222,337 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 71,028 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 45,313 |
| Non-operating Income & (Expense) | 34,674 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,000 |
| Cost of Funds | 543,735 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 39,790 |
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