Dec, 31, 2023 — THUNDERBOLT AREA FEDERAL CREDIT UNION is a federal credit union headquartered in MILLVILLE, NJ with 1 branch location and about $36.64 million in total assets. Opened 73 years ago in 1951, THUNDERBOLT AREA FEDERAL CREDIT UNION has about 3,297 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: | THUNDERBOLT AREA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1601 Cedar St MILLVILLE, NJ 08332-9403 |
Phone: | (856) 327-5755 |
Fax: | (856) 825-2306 |
Website: | https://tbafcu.com |
Branches: | 1 branch locations |
Members: | 3,297 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7289 |
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Membership Type: | Multiple common bond - Primarily transportation equipment |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $36,638,457 |
CEO/Manager: | Robert A Millard |
Chairperson: | Louis S Fisher |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,492,591 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,707,411 |
Unsecured Loans | 1,118,737 |
Other Loans | 5,728,499 |
TOTAL LOANS | 10,554,647 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -298,126 |
Land And Building | 338,577 |
Other Fixed Assets | 15,483 |
NCUSIF Deposit | 304,972 |
All Other Assets | 0 |
TOTAL ASSETS | 36,638,457 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 62,311 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,200,590 |
Regular shares | 19,677,905 |
All Other Shares & Deposits | 4,721,876 |
TOTAL SHARES & DEPOSITS | 32,600,373 |
TOTAL LIABILITIES | 32,662,684 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,975,773 |
TOTAL EQUITY | 3,975,773 |
TOTAL LIABILITIES, SHARES, & EQUITY | 36,638,457 |
INCOME & EXPENSE | |
Loan Income | 581,206 |
Investment Income | 892,291 |
Other Income | 379,024 |
Total Employee Compensation & Benefits | 417,056 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 486,361 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 414,741 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 544,943 |
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