Dec, 31, 2020 — RESEARCH 1166 FEDERAL CREDIT UNION is a federal credit union headquartered in Swedesboro, NJ with 1 branch location and about $19.07 million in total assets. Opened 85 years ago in 1936, RESEARCH 1166 FEDERAL CREDIT UNION has about 1,143 members and employs 4 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: | 1,143 |
| 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: | $19,072,787 |
| CEO/Manager: | Annemarie Shinn |
| Chairperson: | Michael F Shawaryn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,990,719 |
| TOTAL INVESTMENTS | 8,809,188 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,147,844 |
| Unsecured Loans | 1,382,726 |
| Other Loans | 2,389,239 |
| TOTAL LOANS | 6,919,809 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,073 |
| Land And Building | 26,148 |
| Other Fixed Assets | 134,601 |
| NCUSIF Deposit | 152,177 |
| All Other Assets | 101,218 |
| TOTAL ASSETS | 19,072,787 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 32,996 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,318,015 |
| Regular shares | 5,368,710 |
| All Other Shares & Deposits | 6,983,808 |
| TOTAL SHARES & DEPOSITS | 17,670,533 |
| TOTAL LIABILITIES | 17,703,529 |
| Regular Reserve | 501,895 |
| Other Reserves | -416,471 |
| Undivided Earnings | 1,283,834 |
| TOTAL EQUITY | 1,369,258 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,072,787 |
| INCOME & EXPENSE | |
| Loan Income | 307,117 |
| Investment Income | 209,720 |
| Other Income | 59,152 |
| Total Employee Compensation & Benefits | 274,082 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 228,161 |
| Non-operating Income & (Expense) | 72,778 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
| Cost of Funds | 54,129 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 83,395 |
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