Lafayette Street ATM: Due to building construction the ATM located at 12 E. Lafayette St. will not be available until further notice. Please visit AllpointNetwork.com for the closest surcharge-free ATM. We apologize for the inconvenience.

Your funds deposited with Credit Union of New Jersey are safe, secure and insured.

Financial Information

We’re an open book. Literally.

We believe in full transparency when it comes to our financial information. Here are Credit Union of New Jersey’s most recent financials for you to review:

Summary Balance Sheet (Assets) for branches as of February 2021
Assets Total
Total Loans $295,387,320
Less: Allowance for Loan Loss -$3,950,309
NET LOANS $291,437,011
1st Mortgages to be sold $0
Total Investments $83,139,026
TOTAL EARNING ASSETS $374,576,037
Total Cash $2,913,596
Total Fixed Assets $6,464,690
Total Other Assets $12,186,340
TOTAL NON-EARNING ASSETS $18,651,030
TOTAL ASSETS $396,140,663
Summary Balance Sheet (Liabilities and Equity) for branches as of February 2021
Liabilities Total
Total Shares $367,242,441
Notes Payable $0
Other Liabilities $2,571,390
TOTAL LIABILITIES $369,813,832
TOTAL EQUITY $26,326,832
TOTAL LIABILITIES AND EQUITY $396,140,663
Summary Income Sheet for branches as of February 2021
Costs and Income Current Month Quarter-to-Date Year-to-Date
INTEREST INCOME
Interest on Loans $1,070,022 $2,245,815 $2,245,815
Income from Investments $11,560 $19,363 $19,363
TOTAL INTEREST INCOME $1,081,582 $2,265,178 $2,265,178
INTEREST EXPENSE
Interest on Borrowed Money $0 $0 $0
Dividends $39,358 $84,370 $84,370
TOTAL INTEREST EXPENSE $39,358 $84,370 $84,370
NET INTEREST INCOME $1,042,224 $2,180,809 $2,180,809
Provision for Loan Losses $170,000 $340,000 $340,000
Provision for Negative Share Losses $15,227 $16,124 $16,124
TOTAL PROVISION EXPENSE $185,227 $356,124 $356,124
NON-INTEREST INCOME
Fee Income $372,653 $747,520 $747,520
Other Operating Income $267,683 $516,784 $516,784
TOTAL NON-INTEREST INCOME $640,335 $1,264,303 $1,264,303
NON-INTEREST EXPENSE
Employee Compensation & Benefits $623,729 $1,180,127 $1,180,127
Travel & Conference $5,180 $13,950 $13,950
Office Occupancy $56,916 $113,093 $113,093
Office Operations $81,224 $179,438 $179,438
Educational & Promotional $18,129 $36,483 $36,483
Loan Servicing $262,632 $506,585 $506,585
Professional & Outside Services $376,957 $765,784 $765,784
Member Insurance $2,086 $4,917 $4,917
Operating Fees $1,750 $3,500 $3,500
Miscellaneous $31,110 $61,973 $61,973
TOTAL NON-INTEREST EXPENSE $1,459,712 $2,865,851 $2,865,851
Net Non-Recurring Gain/(Loss) -$18,372 -$18,372 -$18,372
NET INCOME $19,247 $204,765 $204,765
Download the 2020 Annual Report

Enjoy the freedom to prosper. If you have questions about our Financials, feel free to give us a call at 609.538.4061 or 800.538.4061, email us at memberservices@cunj.org or stop by one of our convenient branch locations.

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