Sep, 30, 2025 — RIEGEL FEDERAL CREDIT UNION is a federal credit union headquartered in MILFORD, NJ with 4 branch locations and about $164.75 million in total assets. Opened 66 years ago in 1960, RIEGEL FEDERAL CREDIT UNION has about 8,233 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: | https://www.riegelfcu.org |
| Branches: | 4 branch locations |
| Members: | 8,233 |
| 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: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $164,751,303 |
| CEO/Manager: | Scott Husted |
| Chairperson: | David Szwec |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,789,272 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,201,924 |
| Unsecured Loans | 9,677,277 |
| Other Loans | 12,626,230 |
| TOTAL LOANS | 45,505,432 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -176,470 |
| Land And Building | 402,727 |
| Other Fixed Assets | 751,313 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,427,320 |
| All Other Assets | 0 |
| TOTAL ASSETS | 164,751,303 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,143,885 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,267,202 |
| Regular shares | 93,375,065 |
| All Other Shares & Deposits | 27,020,529 |
| TOTAL SHARES & DEPOSITS | 146,662,795 |
| TOTAL LIABILITIES | 147,806,680 |
| Regular Reserve | 0 |
| Other Reserves | 2,697,723 |
| Undivided Earnings | 14,246,900 |
| TOTAL EQUITY | 16,944,623 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 164,751,303 |
| INCOME & EXPENSE | |
| Loan Income | 2,032,490 |
| Investment Income | 2,093,710 |
| Other Income | 160,140 |
| Total Employee Compensation & Benefits | 1,790,531 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,755,285 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 141,500 |
| Cost of Funds | 521,014 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 449,870 |
| ↑ Back to Top | |