Dec, 31, 2023 — SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION is a federal credit union headquartered in EAST BRUNSWICK, NJ with 1 branch location and about $42.83 million in total assets. Opened 85 years ago in 1939, SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION has about 2,968 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION |
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Address: (Main Office) | 39 Brunswick Woods Dr EAST BRUNSWICK, NJ 08816-5601 |
Phone: | (732) 238-8662 |
Fax: | (732) 238-8628 |
Website: | https://www.myfavoritecu.com |
Branches: | 1 branch locations |
Members: | 2,968 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3126 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $42,826,317 |
CEO/Manager: | LYNNE S FRITZ |
Chairperson: | LINDA FEKETE |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,653,724 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,440,834 |
Unsecured Loans | 908,736 |
Other Loans | 3,357,649 |
TOTAL LOANS | 12,707,219 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,979 |
Land And Building | 31,066 |
Other Fixed Assets | 13,099 |
NCUSIF Deposit | 387,412 |
All Other Assets | 0 |
TOTAL ASSETS | 42,826,317 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 67,132 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,896,154 |
Regular shares | 13,842,654 |
All Other Shares & Deposits | 20,871,591 |
TOTAL SHARES & DEPOSITS | 39,610,399 |
TOTAL LIABILITIES | 39,677,531 |
Regular Reserve | 0 |
Other Reserves | -1,006,752 |
Undivided Earnings | 4,155,538 |
TOTAL EQUITY | 3,148,786 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,826,317 |
INCOME & EXPENSE | |
Loan Income | 638,683 |
Investment Income | 470,078 |
Other Income | 12,755 |
Total Employee Compensation & Benefits | 401,013 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 286,661 |
Non-operating Income & (Expense) | 17,992 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,261 |
Cost of Funds | 387,444 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 62,129 |
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