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RIEGEL FEDERAL CREDIT UNION

Dec, 31, 2020 — RIEGEL FEDERAL CREDIT UNION is a federal credit union headquartered in Milford, NJ with 4 branch locations and about $145.08 million in total assets. Opened 61 years ago in 1960, RIEGEL FEDERAL CREDIT UNION has about 8,207 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RIEGEL FEDERAL CREDIT UNION
Address:
(Main Office)
515 Milford Warren Glen Rd
Milford, NJ 08848-1881
Phone:(908) 995-2326
Fax:(908) 995-2508
Website:http://www.riegelfcu.org
Branches:4 branch locations
Members:8,207
Credit Union Type:Federal Credit Union
Charter Number:13944
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$145,076,780
CEO/Manager:James Zielinski
Chairperson:Raymond Bellini

Call Report

  • Commercial Loans
  • Participation Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,201,155
TOTAL INVESTMENTS 74,183,026
Loans Held for Sale 0
 
 Real Estate Loans 17,373,298
 Unsecured Loans 23,312,358
 Other Loans 14,648,863
 TOTAL LOANS 56,224,523
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -349,201
 Land And Building 484,735
 Other Fixed Assets 151,713
 NCUSIF Deposit 1,188,587
 All Other Assets 992,242
  TOTAL ASSETS 145,076,780
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 380,826
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,643,704
 Regular shares 92,234,990
 All Other Shares & Deposits 14,570,019
  TOTAL SHARES & DEPOSITS 129,448,713
  TOTAL LIABILITIES 129,829,539
 Regular Reserve 4,000,000
 Other Reserves 0
 Undivided Earnings 11,247,241
  TOTAL EQUITY 15,247,241
  TOTAL LIABILITIES, SHARES, & EQUITY 145,076,780
INCOME & EXPENSE  
 Loan Income 2,534,892
 Investment Income 1,522,742
 Other Income 471,871
 Total Employee Compensation & Benefits 2,076,956
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,726,308
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 107,500
 Cost of Funds 102,101
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 516,640
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