Dec, 31, 2023 — RESEARCH 1166 FEDERAL CREDIT UNION is a federal credit union headquartered in SWEDESBORO, NJ with 1 branch location and about $20.16 million in total assets. Opened 88 years ago in 1936, RESEARCH 1166 FEDERAL CREDIT UNION has about 1,147 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 |
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Address: (Main Office) | 95 Woodstown Rd SWEDESBORO, NJ 08085 |
Phone: | (856) 542-9241 |
Fax: | (856) 542-9235 |
Website: | https://www.1166fcu.org |
Branches: | 1 branch locations |
Members: | 1,147 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1166 |
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Membership Type: | Multiple common bond - Primarily petroleum refining |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,161,783 |
CEO/Manager: | Annemarie Shinn |
Chairperson: | Michael F Shawaryn |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,016,137 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,847,681 |
Unsecured Loans | 701,022 |
Other Loans | 3,077,370 |
TOTAL LOANS | 7,626,075 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,760 |
Land And Building | 0 |
Other Fixed Assets | 90,449 |
NCUSIF Deposit | 189,157 |
All Other Assets | 0 |
TOTAL ASSETS | 20,161,783 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 754,604 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,038,729 |
Regular shares | 6,080,659 |
All Other Shares & Deposits | 6,853,855 |
TOTAL SHARES & DEPOSITS | 17,973,244 |
TOTAL LIABILITIES | 18,727,848 |
Regular Reserve | 0 |
Other Reserves | 211,228 |
Undivided Earnings | 1,222,707 |
TOTAL EQUITY | 1,433,935 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,161,783 |
INCOME & EXPENSE | |
Loan Income | 361,077 |
Investment Income | 217,425 |
Other Income | 74,918 |
Total Employee Compensation & Benefits | 361,831 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 296,835 |
Non-operating Income & (Expense) | 10,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,342 |
Cost of Funds | 102,522 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -100,927 |
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