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THUNDERBOLT AREA FEDERAL CREDIT UNION

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
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
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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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