Dec, 31, 2023 — PUBLIC SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLESEX, NJ with 1 branch location and about $42.76 million in total assets. Opened 67 years ago in 1957, PUBLIC SERVICE FEDERAL CREDIT UNION has about 3,827 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PUBLIC SERVICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 619 Union Ave MIDDLESEX, NJ 08846 |
Phone: | (732) 805-9000 |
Fax: | (732) 805-0539 |
Website: | https://www.psfcunj.com |
Branches: | 1 branch locations |
Members: | 3,827 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11779 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $42,759,004 |
CEO/Manager: | Amanda Gannon |
Chairperson: | Harrison Burd Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 491,837 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,984,432 |
Unsecured Loans | 3,556,801 |
Other Loans | 13,415,852 |
TOTAL LOANS | 18,957,089 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,450 |
Land And Building | 139,439 |
Other Fixed Assets | 5,972 |
NCUSIF Deposit | 366,639 |
All Other Assets | 0 |
TOTAL ASSETS | 42,759,004 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 81,583 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,618,847 |
Regular shares | 14,907,475 |
All Other Shares & Deposits | 19,486,349 |
TOTAL SHARES & DEPOSITS | 37,012,671 |
TOTAL LIABILITIES | 37,094,254 |
Regular Reserve | 0 |
Other Reserves | 444,193 |
Undivided Earnings | 5,220,557 |
TOTAL EQUITY | 5,664,750 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,759,004 |
INCOME & EXPENSE | |
Loan Income | 995,857 |
Investment Income | 394,809 |
Other Income | 56,528 |
Total Employee Compensation & Benefits | 376,368 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 475,545 |
Non-operating Income & (Expense) | 24,007 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,450 |
Cost of Funds | 542,152 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -50,781 |
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