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RIEGEL FEDERAL CREDIT UNION

Mar, 31, 2021 — RIEGEL FEDERAL CREDIT UNION is a federal credit union headquartered in Milford, NJ with 4 branch locations and about $152.81 million in total assets. Opened 61 years ago in 1960, RIEGEL FEDERAL CREDIT UNION has about 8,246 members and employs 34 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:8,246
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$152,814,854
CEO/Manager:Scott Husted
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 13,389,246
TOTAL INVESTMENTS 82,698,026
Loans Held for Sale 0
 
 Real Estate Loans 18,171,196
 Unsecured Loans 21,125,435
 Other Loans 14,295,318
 TOTAL LOANS 54,309,780
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -347,814
 Land And Building 479,445
 Other Fixed Assets 155,963
 NCUSIF Deposit 1,188,587
 All Other Assets 941,621
  TOTAL ASSETS 152,814,854
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 303,144
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,059,438
 Regular shares 98,199,776
 All Other Shares & Deposits 14,798,888
  TOTAL SHARES & DEPOSITS 137,058,102
  TOTAL LIABILITIES 137,361,246
 Regular Reserve 4,000,000
 Other Reserves 0
 Undivided Earnings 11,453,608
  TOTAL EQUITY 15,453,608
  TOTAL LIABILITIES, SHARES, & EQUITY 152,814,854
INCOME & EXPENSE  
 Loan Income 945,771
 Investment Income 278,366
 Other Income 27,104
 Total Employee Compensation & Benefits 537,732
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 543,418
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 40,000
 Cost of Funds 23,831
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 206,366
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