Mar, 31, 2021 — RESEARCH 1166 FEDERAL CREDIT UNION is a federal credit union headquartered in Swedesboro, NJ with 1 branch location and about $20.05 million in total assets. Opened 85 years ago in 1936, RESEARCH 1166 FEDERAL CREDIT UNION has about 1,137 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RESEARCH 1166 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 95 Woodstown Rd, Unit C Swedesboro, NJ 08085 |
| Phone: | (856) 542-9241 |
| Fax: | (856) 542-9235 |
| Website: | http://www.1166fcu.org |
| Branches: | 1 branch locations |
| Members: | 1,137 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1166 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,050,937 |
| CEO/Manager: | Annemarie Shinn |
| Chairperson: | Michael F Shawaryn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,927,456 |
| TOTAL INVESTMENTS | 8,713,188 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,979,476 |
| Unsecured Loans | 1,637,597 |
| Other Loans | 2,447,570 |
| TOTAL LOANS | 7,064,643 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,518 |
| Land And Building | 21,429 |
| Other Fixed Assets | 130,234 |
| NCUSIF Deposit | 152,177 |
| All Other Assets | 102,328 |
| TOTAL ASSETS | 20,050,937 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,924 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,687,657 |
| Regular shares | 5,867,767 |
| All Other Shares & Deposits | 7,071,201 |
| TOTAL SHARES & DEPOSITS | 18,626,625 |
| TOTAL LIABILITIES | 18,663,549 |
| Regular Reserve | 501,895 |
| Other Reserves | -411,166 |
| Undivided Earnings | 1,296,659 |
| TOTAL EQUITY | 1,387,388 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,050,937 |
| INCOME & EXPENSE | |
| Loan Income | 88,583 |
| Investment Income | 39,269 |
| Other Income | 6,957 |
| Total Employee Compensation & Benefits | 69,849 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 55,045 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,614 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,824 |
| ↑ Back to Top | |