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Important update to our ATM Network: Effective March 1, 2023, we no longer participate in the Allpoint ATM Network. You still have access to 30,000+ surcharge-free ATMs within the Co-op ATM Network.

We’re hiring! Check out a list of open positions here.

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 January 2023
Assets Total
Total Loans $338,788,410
Less: Allowance for Loan Loss -$3,730,385
NET LOANS $335,058,025
1st Mortgages to be sold $0
Total Investments $57,952,948
TOTAL EARNING ASSETS $393,010,973
Total Cash $3,418,065
Total Fixed Assets $7,496,675
Total Other Assets $15,699,102
TOTAL NON-EARNING ASSETS $23,195,777
TOTAL ASSETS $419,624,815
Summary Balance Sheet (Liabilities and Equity) for branches as of January 2023
Liabilities Total
Total Shares $368,467,289
Notes Payable $19,348,936
Other Liabilities $3,752,411
TOTAL LIABILITIES $391,568,635
TOTAL EQUITY $28,056,180
TOTAL LIABILITIES AND EQUITY $419,624,815
Summary Income Sheet for branches as of January 2023
Costs and Income Current Month Quarter-to-Date Year-to-Date
INTEREST INCOME
Interest on Loans $1,521,995 $1,521,995 $1,521,995
Income from Investments $100,505 $100,505 $100,505
TOTAL INTEREST INCOME $1,622,500 $1,622,500 $1,622,500
INTEREST EXPENSE
Interest on Borrowed Money $61,440 $61,440 $61,440
Dividends $60,816 $60,816 $60,816
TOTAL INTEREST EXPENSE $122,257 $122,257 $122,257
NET INTEREST INCOME $1,500,244 $1,500,244 $1,500,244
Provision for Loan Losses $292,316 $292,316 $292,316
Provision for Negative Share Losses $20,482 $20,482 $20,482
TOTAL PROVISION EXPENSE $312,798 $312,798 $312,798
NON-INTEREST INCOME
Fee Income $424,766 $424,766 $424,766
Other Operating Income $211,050 $211,050 $211,050
TOTAL NON-INTEREST INCOME $635,816 $635,816 $635,816
NON-INTEREST EXPENSE
Employee Compensation & Benefits $646,735 $646,735 $646,735
Travel & Conference $16,834 $16,834 $16,834
Office Occupancy $50,874 $58,489 $58,489
Office Operations $110,332 $110,332 $110,332
Educational & Promotional $32,888 $32,888 $32,888
Loan Servicing $321,961 $321,961 $321,961
Professional & Outside Services $471,347 $471,347 $471,347
Member Insurance $4,255 $4,255 $4,255
Operating Fees $5,840 $5,840 $5,840
Miscellaneous $8,386 $8,386 $8,386
TOTAL NON-INTEREST EXPENSE $1,677,067 $1,677,067 $1,677,067
Net Non-Recurring Gain/(Loss) $0 $0 $0
NET INCOME $146,195 $146,195 $146,195
Download the 2021 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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