Dec, 31, 2023 — PICATINNY FEDERAL CREDIT UNION is a federal credit union headquartered in DOVER, NJ with 5 branch locations and about $463.30 million in total assets. Opened 85 years ago in 1939, PICATINNY FEDERAL CREDIT UNION has about 19,540 members and employs 64 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PICATINNY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Mineral Springs RD DOVER, NJ 07801 |
| Phone: | (973) 361-5225 |
| Fax: | (973) 361-8850 |
| Website: | https://www.picacreditunion.com |
| Branches: | 5 branch locations |
| Members: | 19,540 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3291 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $463,300,501 |
| CEO/Manager: | Rob Albrecht |
| Chairperson: | Joe Shiposh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,169,671 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 180,517,979 |
| Unsecured Loans | 14,858,980 |
| Other Loans | 63,872,861 |
| TOTAL LOANS | 259,249,820 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,025,832 |
| Land And Building | 5,797,085 |
| Other Fixed Assets | 1,709,721 |
| NCUSIF Deposit | 3,673,945 |
| All Other Assets | 8,799 |
| TOTAL ASSETS | 463,300,501 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 218 |
| Notes & Interest Payable | 38,000,000 |
| Accounts Payable & Other Liabilities | 4,235,707 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 84,963,076 |
| Regular shares | 231,266,309 |
| All Other Shares & Deposits | 72,590,418 |
| TOTAL SHARES & DEPOSITS | 388,819,803 |
| TOTAL LIABILITIES | 431,055,728 |
| Regular Reserve | 0 |
| Other Reserves | -5,856,815 |
| Undivided Earnings | 38,101,588 |
| TOTAL EQUITY | 32,244,773 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 463,300,501 |
| INCOME & EXPENSE | |
| Loan Income | 10,300,058 |
| Investment Income | 4,779,670 |
| Other Income | 607,308 |
| Total Employee Compensation & Benefits | 6,846,441 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,881,444 |
| Non-operating Income & (Expense) | -5,434 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 293,000 |
| Cost of Funds | 2,445,036 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,725,501 |
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