Dec, 31, 2023 — RIEGEL FEDERAL CREDIT UNION is a federal credit union headquartered in MILFORD, NJ with 4 branch locations and about $168.86 million in total assets. Opened 64 years ago in 1960, RIEGEL FEDERAL CREDIT UNION has about 8,310 members and employs 33 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: | 8,310 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $168,864,067 |
| CEO/Manager: | Scott Husted |
| Chairperson: | David Szwec |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,309,768 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,740,779 |
| Unsecured Loans | 8,243,351 |
| Other Loans | 17,304,064 |
| TOTAL LOANS | 47,457,130 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -287,495 |
| Land And Building | 412,031 |
| Other Fixed Assets | 525,349 |
| NCUSIF Deposit | 1,431,983 |
| All Other Assets | 0 |
| TOTAL ASSETS | 168,864,067 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 762,743 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,214,953 |
| Regular shares | 95,911,542 |
| All Other Shares & Deposits | 28,508,876 |
| TOTAL SHARES & DEPOSITS | 151,635,370 |
| TOTAL LIABILITIES | 152,398,113 |
| Regular Reserve | 0 |
| Other Reserves | 2,884,355 |
| Undivided Earnings | 13,581,599 |
| TOTAL EQUITY | 16,465,954 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 168,864,067 |
| INCOME & EXPENSE | |
| Loan Income | 2,528,897 |
| Investment Income | 1,999,149 |
| Other Income | 141,211 |
| Total Employee Compensation & Benefits | 2,150,338 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,819,962 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 497,000 |
| Cost of Funds | 507,705 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 272,183 |
| ↑ Back to Top | |