Dec, 31, 2023 — UNION COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ELIZABETH, NJ with 0 branch location and about $7.66 million in total assets. Opened 63 years ago in 1961, UNION COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,145 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNION COUNTY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 10 Elizabethtown Plz Fl 3 ELIZABETH, NJ 07202-3451 |
Phone: | (908) 527-4014 |
Fax: | (908) 558-2373 |
Website: | https://unioncountycreditunion.com |
Branches: | 0 branch locations |
Members: | 1,145 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14329 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,656,424 |
CEO/Manager: | Jerry Rajsz |
Chairperson: | Lisa Bonanno |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,523,268 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 163,915 |
Unsecured Loans | 1,218,079 |
Other Loans | 701,114 |
TOTAL LOANS | 2,083,108 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,739 |
Land And Building | 0 |
Other Fixed Assets | 6,330 |
NCUSIF Deposit | 68,125 |
All Other Assets | 0 |
TOTAL ASSETS | 7,656,424 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 288 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 73,461 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 6,201,273 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 6,201,273 |
TOTAL LIABILITIES | 6,275,022 |
Regular Reserve | 0 |
Other Reserves | 195,009 |
Undivided Earnings | 1,186,393 |
TOTAL EQUITY | 1,381,402 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,656,424 |
INCOME & EXPENSE | |
Loan Income | 181,680 |
Investment Income | 199,992 |
Other Income | 15,597 |
Total Employee Compensation & Benefits | 88,074 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 198,634 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
Cost of Funds | 1,170 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 74,702 |
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