Mar, 31, 2022 — RESEARCH 1166 FEDERAL CREDIT UNION is a federal credit union headquartered in SWEDESBORO, NJ with 1 branch location and about $22.24 million in total assets. Opened 86 years ago in 1936, RESEARCH 1166 FEDERAL CREDIT UNION has about 1,131 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 SWEDESBORO, NJ 08085 |
| Phone: | (856) 542-9241 |
| Fax: | (856) 542-9235 |
| Website: | http://www.1166fcu.org |
| Branches: | 1 branch locations |
| Members: | 1,131 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,239,766 |
| CEO/Manager: | Annemarie Shinn |
| Chairperson: | Michael F Shawaryn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,643,862 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,436,567 |
| Unsecured Loans | 1,225,031 |
| Other Loans | 2,220,825 |
| TOTAL LOANS | 6,882,423 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,719 |
| Land And Building | 0 |
| Other Fixed Assets | 114,577 |
| NCUSIF Deposit | 166,158 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,239,766 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 137,192 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,109,983 |
| Regular shares | 8,004,709 |
| All Other Shares & Deposits | 7,249,350 |
| TOTAL SHARES & DEPOSITS | 20,364,042 |
| TOTAL LIABILITIES | 20,501,234 |
| Regular Reserve | 0 |
| Other Reserves | 384,763 |
| Undivided Earnings | 1,353,769 |
| TOTAL EQUITY | 1,738,532 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,239,766 |
| INCOME & EXPENSE | |
| Loan Income | 81,235 |
| Investment Income | 26,267 |
| Other Income | 15,444 |
| Total Employee Compensation & Benefits | 81,699 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 42,222 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 6,425 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,736 |
| ↑ Back to Top | |