Jun, 30, 2021 — SAKER SHOP RITE FEDERAL CREDIT UNION is a federal credit union headquartered in HOLMDEL, NJ with 1 branch location and about $9.04 million in total assets. Opened 59 years ago in 1962, SAKER SHOP RITE FEDERAL CREDIT UNION has about 1,735 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAKER SHOP RITE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10 CENTERVILLE RD HOLMDEL, NJ 07733 |
| Phone: | (732) 431-4105 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,735 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15370 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,037,632 |
| CEO/Manager: | Tammy Centimole |
| Chairperson: | Tracy Troisi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,104,071 |
| TOTAL INVESTMENTS | 7,109,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 789,889 |
| Other Loans | 0 |
| TOTAL LOANS | 789,889 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,774 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 69,068 |
| All Other Assets | 27,378 |
| TOTAL ASSETS | 9,037,632 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,228 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,847 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,094,924 |
| All Other Shares & Deposits | 114,129 |
| TOTAL SHARES & DEPOSITS | 7,209,053 |
| TOTAL LIABILITIES | 7,226,128 |
| Regular Reserve | 26,063 |
| Other Reserves | 0 |
| Undivided Earnings | 1,785,441 |
| TOTAL EQUITY | 1,811,504 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,037,632 |
| INCOME & EXPENSE | |
| Loan Income | 70,399 |
| Investment Income | 55,446 |
| Other Income | 851 |
| Total Employee Compensation & Benefits | 108,642 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 34,471 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,331 |
| Cost of Funds | 5,470 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -50,312 |
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