Dec, 31, 2023 — RARITAN BAY FEDERAL CREDIT UNION is a federal credit union headquartered in SAYREVILLE, NJ with 1 branch location and about $106.21 million in total assets. Opened 83 years ago in 1941, RARITAN BAY FEDERAL CREDIT UNION has about 8,552 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RARITAN BAY FEDERAL CREDIT UNION |
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Address: (Main Office) | 491 Raritan St SAYREVILLE, NJ 08872-1442 |
Phone: | (732) 727-3500 |
Fax: | (732) 727-2527 |
Website: | https://www.rbfcu.coop |
Branches: | 1 branch locations |
Members: | 8,552 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4726 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $106,207,976 |
CEO/Manager: | Ronald C Behrens |
Chairperson: | Elsie Mroczkowski |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,858,765 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,243,709 |
Unsecured Loans | 3,005,884 |
Other Loans | 18,978,539 |
TOTAL LOANS | 34,593,541 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -389,554 |
Land And Building | 575,576 |
Other Fixed Assets | 105,383 |
NCUSIF Deposit | 1,017,972 |
All Other Assets | 0 |
TOTAL ASSETS | 106,207,976 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 59,377 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 901,268 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,780,708 |
Regular shares | 53,980,650 |
All Other Shares & Deposits | 20,071,580 |
TOTAL SHARES & DEPOSITS | 100,832,938 |
TOTAL LIABILITIES | 101,793,583 |
Regular Reserve | 0 |
Other Reserves | 1,044,216 |
Undivided Earnings | 3,370,177 |
TOTAL EQUITY | 4,414,393 |
TOTAL LIABILITIES, SHARES, & EQUITY | 106,207,976 |
INCOME & EXPENSE | |
Loan Income | 1,939,781 |
Investment Income | 1,183,680 |
Other Income | 820,993 |
Total Employee Compensation & Benefits | 1,866,519 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,429,360 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 199,955 |
Cost of Funds | 273,605 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 286,149 |
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