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 |
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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 |
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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 |
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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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