Civic Intelligence

First Jersey Credit Union

EIN 22-0766924 • 501(c)14 • Wayne, NJ

View Organization Page

Profile

To provide lending savings and other financial services to its qualifying members.

1 Corporate DriveWayne, NJ 07470

www.firstjerseycu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.93x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

72nd percentile

16.98x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

1st percentile

-67%

Higher net margin than 1% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

54th percentile

$239,495

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

1st percentile

-19%

Faster asset growth than 1% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-14%

Faster revenue growth than 2% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$152,897,448

Up $4,943,393 (+3.3%) from 2013

Liabilities

Up

$138,285,808

Up $4,383,706 (+3.3%) from 2013

Net Assets

Up

$14,611,640

Up $559,687 (+4.0%) from 2013

Operations
Liabilities / Revenue72nd percentileNet Margin1st percentile

Revenue

Up

$8,110,291

Up $843,280 (+12%) from 2013

Expenses

Up

$8,346,911

Up $1,355,406 (+19%) from 2013

Net Income

Down

-$236,620

Down $512,126 (-186%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth1st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2011: $127,956,120Liabilities 2011: $112,538,816Net Assets 2011: $15,417,3042011Assets 2012: $141,976,288Liabilities 2012: $127,039,467Net Assets 2012: $14,936,8212012Assets 2013: $147,954,055Liabilities 2013: $133,902,102Net Assets 2013: $14,051,9532013Assets 2014: $152,897,448Liabilities 2014: $138,285,808Net Assets 2014: $14,611,6402014

Highlighted filing

2014

Assets$152,897,448
Liabilities$138,285,808
Net Assets$14,611,640
Open 2014 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $5,339,2222011Expenses 2012: $6,364,1822012Revenue 2013: $7,267,011Expenses 2013: $6,991,505Net Income 2013: $275,5062013Revenue 2014: $8,110,291Expenses 2014: $8,346,911Net Income 2014: -$236,6202014

Highlighted filing

2014

Revenue$8,110,291
Expenses$8,346,911
Net Income-$236,620
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$152,897,448
Liabilities
$138,285,808
Net assets
$14,611,640
Revenue
$8,110,291
Expenses
$8,346,911
Net income
-$236,620
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$153$138$14.6$8.11$8.35$0.24
2013Detailed filing. Detailed filing data is available for this year.$148$134$14.1$7.27$6.99$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$127$14.9$6.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$113$15.4$5.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 8, 2014
Return Version
2014v5.0
Gross Receipts
$8,110,291
Mission and Program Overview

Mission

To provide lending savings and other financial services to its qualifying members.

The credit union provides financial services to qualified members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$100,753,557$106,193,369▲ $5,439,812
Investments in Publicly Traded Securities$31,874,590$31,664,013▼ $210,577
Rtn Earn Endowment Incm Other Fnds$14,051,953$14,611,640▲ $559,687
Land, Buildings, and Equipment, Net$6,293,841$6,242,703▼ $51,138
Prepaid Expenses and Deferred Charges$3,046,109$3,484,566▲ $438,457
Investments Other Securities$1,594,000$1,594,000→ $0
Investments Program Related$2,409,143$958,539▼ $1,450,604
Cash and Non-Interest-Bearing Accounts$618,870$593,084▼ $25,786
Accounts Receivable$61,825$28,204▼ $33,621
Total Assets$147,954,055$152,897,448▲ $4,943,393
Other Assets Total$1,302,120$2,138,970▲ $836,850
Liabilities
Other Liabilities$132,124,867$135,989,943▲ $3,865,076
Accounts Payable and Accrued Expenses$1,777,235$2,295,865▲ $518,630
Total Liabilities$133,902,102$138,285,808▲ $4,383,706
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,051,953$14,611,640▲ $559,687
Total Liabilities and Net Assets / Fund Balance$147,954,055$152,897,448▲ $4,943,393

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,097,049$802,216$5,899,265
Land$902,821-$902,821
Other Land Buildings$121,255$454,089$575,344
Equipment$121,578$298,352$419,930
Investment Program Related Org$958,539--
Other Assets Org$38,722--
Other Securities$1,594,000--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul PerezVPFT$238,415-$238,415
Paul Perez--$133,748$104,667$238,415
Jeff MillerVPFT$182,345-$182,345
Jeff Miller--$84,837$97,508$182,345
Christopher DavisPresidentFT$172,780-$172,780
Christopher Davis--$163,525$9,255$172,780
Deborah GordonVP OperationsFT$111,088-$111,088
Ken KleinmannsVP FinanceFT$96,844-$96,844
Alan KatzSecretary-$3,249-$3,249
W Bruce GrygusChairman-$2,749-$2,749
Dave BoltonVice Chairman-$1,100-$1,100
Ann SuscrebaExamining Committee Member-$1,099-$1,099
Michael DemskiDirector-$1,049-$1,049
Donald RossTreasurer-$1,000-$1,000
Joseph MuroneExamining Committee Member-$800-$800

Board Members and Trustees

NameTitle
Laurie CieciuchExamining Committee Chairman
Caryn LubertoDirector
Daisy Van PeltDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv IntegrasysInformation Technology2601 NETWORK BOULEVARD, SUITE 600, Frisco, TX 75034$567,150
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,265,432
Investment Income
$844,859
Other Revenue
$0
Change in Net Assets
$-236,620

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,110,291
Total Revenue per Audited Statements
$8,110,291
Total Revenue per Form 990
$8,110,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,492,569
Salaries, Compensation, and Employee Benefits$2,774,284
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,323,736
Benefits to Members---$1,080,058
Current Officers, Directors, Trustees, and Key Employees---$812,518
Information Technology---$567,150
Occupancy---$364,572
Other Employee Benefits---$286,125
Payroll Taxes---$280,854
Depreciation Depletion---$179,133
Office Expenses---$168,403
Fees for Services Legal---$134,424
Travel---$132,731
Advertising---$109,061
All Other Expenses---$86,856
Insurance---$78,607
Pension Plan Contributions---$71,051
Other Expenses---$64,892
Fees for Services Accounting---$56,072
Fees for Services Other---$11,500
Total Functional Expenses$0$0$0$8,346,911

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,346,911
Total Expenses per Audited Statements$8,346,911
Total Expenses per Form 990$8,346,911
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Savings & Cd Accounts$135,989,943
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990 Part VI Section A Line 6

“The credit union is comprised of a single class of approximately 12700 member-owners each of which has equal rights in ownership governance and voting rights at the annual meeting.”

Form 990 Part VI Section A Line 7B

“Major decisions such as changing the name of the credit union or relocating the physical location of the main office are subject to approval by the membership.”

Form 990 Part VI Section B Line 10A

“The credit union maintains two branches one corporate drive wayne nj 07470 245 diamond bridge avenue hawthorne nj 07506”

Form 990 Part VI Section B Line 11A Section C Line 19

“A copy of the form 990 is distributed and reviewed at a meeting of the board of directors prior to filing. The credit union's governing documents conflict of interest policy and financial statements are available to the public upon request from management. A copy of the annual report is presented to members attending the annual meeting.”

Form 990 Part VI Section B Line 12C

“Compliance with the conflict of interest policy is monitored in the course of our quarterly and annual audits as performed by our independent auditors clifton larson allen llp.”

Form 990 Part VI Section B Line 15AB

“The credit union utilizes the credit union executives society (cues) executive compensation salary survey as a guideline. The directors have input in evaluating the ceo and the ceo has input in evaluating other officers. All compensation is approved during the budgeting process each year.”

Filing and Contact Details

Filer

Filer Name
First Jersey Credit Union
EIN
22-0766924
Address
1 CORPORATE DRIVE, WAYNE, NJ 07470

Signing Officer

Name
Ken Kleinmanns
Title
VP Finance
Phone
9733058889
Signed
2014-08-08

Organization Details

Principal Officer
Ken Kleinmanns
Formed
1929
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
44
Volunteers
10
Supplemental Narrative

Additional Explanations

Schedule L Part II Loans Tofrom Interested Persons

“All loans were granted at the same terms as were given to all qualifying credit union members. All such loans indicated are duly noted in the minutes of the applicable board meeting.”

Financial Statement Notes

Part XI and XII

“Audited financial statements were not completed as of date of filing.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentsPubTradedSecGrp/EOYAmt031664013
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01554657
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt06242703
IRS990/LandBldgEquipCostOrOtherBssAmt07797360
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0true
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE LENDING SAVINGS AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt014051953
IRS990/NetAssetsOrFundBalancesEOYAmt014611640
IRS990/NetUnrlzdGainsLossesInvstAmt0796307
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0364572
IRS990/OfficeExpensesGrp/TotalAmt0168403
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OtherAssetsTotalGrp/BOYAmt01302120
IRS990/OtherAssetsTotalGrp/EOYAmt02138970
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0286125
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2ATM CARD FEE EXPENSE
IRS990/OtherExpensesGrp/Desc3SHARE DRAFT EXPENSE
IRS990/OtherExpensesGrp/TotalAmt01384500
IRS990/OtherExpensesGrp/TotalAmt11047707
IRS990/OtherExpensesGrp/TotalAmt2106961
IRS990/OtherExpensesGrp/TotalAmt364892
IRS990/OtherLiabilitiesGrp/BOYAmt0132124867
IRS990/OtherLiabilitiesGrp/EOYAmt0135989943
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/TotalAmt01323736
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0100753557
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0106193369
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt0280854
IRS990/PensionPlanContributionsGrp/TotalAmt071051
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03046109
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03484566
IRS990/PrincipalOfficerNm0KEN KLEINMANNS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06315290
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1634003
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2314553
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06315290
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1634003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2316139
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01586
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01156440
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0845704
IRS990/PYOtherExpensesAmt03447916
IRS990/PYProgramServiceRevenueAmt06421307
IRS990/PYRevenuesLessExpensesAmt0275506
IRS990/PYSalariesCompEmpBnftPaidAmt02387149
IRS990/PYTotalExpensesAmt06991505
IRS990/PYTotalRevenueAmt07267011
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-236620
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014051953
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014611640
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05097049
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0802216
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05899265
IRS990ScheduleD/EquipmentGrp/BookValueAmt0121578
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0298352
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0419930
IRS990ScheduleD/ExpensesSubtotalAmt08346911
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0958539
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0OTHER ASSETS IN CORPORATE CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0902821
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0902821
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01180248
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt120000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2900000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt338722
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NATIONAL CREDIT UNION SHARE INSURANCE FUND DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENT IN CO-OP CREDIT UNION NETWORK
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SPLIT DOLLAR PENSION PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INVESTMENT IN CUSOS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0121255
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0454089
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0575344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0135989943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SAVINGS & CD ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01594000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CDS WITH OTHER FINANCIAL INSTITUTIONS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueSubtotalAmt08110291
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AUDITED FINANCIAL STATEMENTS WERE NOT COMPLETED AS OF DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI AND XII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06242703
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02138970
IRS990ScheduleD/TotalBookValueProgramRltdAmt0958539
IRS990ScheduleD/TotalBookValueSecuritiesAmt01594000
IRS990ScheduleD/TotalExpensesPerForm990Amt08346911
IRS990ScheduleD/TotalLiabilityAmt0135989943
IRS990ScheduleD/TotalRevenuePerForm990Amt08110291
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08110291
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08346911
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0163525
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1133748
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt284837
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount09255
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount1104667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount297508
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTOPHER DAVIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PAUL PEREZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JEFF MILLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0172780
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1238415
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2182345
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt015079
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt190178
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SHARE SECURED LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt187739
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAISY VAN PELT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1ANN SUSCREBA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1EXAMINING COMMITTEE MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 12700 MEMBER-OWNERS EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MAJOR DECISIONS SUCH AS CHANGING THE NAME OF THE CREDIT UNION OR RELOCATING THE PHYSICAL LOCATION OF THE MAIN OFFICE ARE SUBJECT TO APPROVAL BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION MAINTAINS TWO BRANCHES ONE CORPORATE DRIVE WAYNE NJ 07470 245 DIAMOND BRIDGE AVENUE HAWTHORNE NJ 07506
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS DISTRIBUTED AND REVIEWED AT A MEETING OF THE BOARD OF DIRECTORS PRIOR TO FILING. THE CREDIT UNION'S GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FROM MANAGEMENT. A COPY OF THE ANNUAL REPORT IS PRESENTED TO MEMBERS ATTENDING THE ANNUAL MEETING.

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