Dec, 31, 2021 — SAKER SHOP RITE FEDERAL CREDIT UNION is a federal credit union headquartered in NEPTUNE, NJ with 1 branch location and about $8.76 million in total assets. Opened 60 years ago in 1962, SAKER SHOP RITE FEDERAL CREDIT UNION has about 1,681 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 |
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Address: (Main Office) | 2200 STATE ROUTE 66 NEPTUNE, NJ 07753-4062 |
Phone: | (732) 431-4105 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,681 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15370 |
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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: | $8,763,697 |
CEO/Manager: | Tammy Centimole |
Chairperson: | Tracy Troisi |
ASSETS: | $ Amount |
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Cash & Equivalents | 715,081 |
TOTAL INVESTMENTS | 7,109,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 900,422 |
Other Loans | 0 |
TOTAL LOANS | 900,422 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,760 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 69,068 |
All Other Assets | 21,886 |
TOTAL ASSETS | 8,763,697 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,158 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14,022 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 6,773,936 |
All Other Shares & Deposits | 114,265 |
TOTAL SHARES & DEPOSITS | 6,888,201 |
TOTAL LIABILITIES | 6,905,381 |
Regular Reserve | 26,063 |
Other Reserves | 0 |
Undivided Earnings | 1,832,253 |
TOTAL EQUITY | 1,858,316 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,763,697 |
INCOME & EXPENSE | |
Loan Income | 141,096 |
Investment Income | 110,500 |
Other Income | 2,138 |
Total Employee Compensation & Benefits | 220,679 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 68,406 |
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 | 10,875 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -3,500 |
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