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SAKER SHOP RITE FEDERAL CREDIT UNION

Mar, 31, 2021 — SAKER SHOP RITE FEDERAL CREDIT UNION is a federal credit union headquartered in HOLMDEL, NJ with 1 branch location and about $9.19 million in total assets. Opened 59 years ago in 1962, SAKER SHOP RITE FEDERAL CREDIT UNION has about 1,830 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:1,830
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:$9,188,807
CEO/Manager:Tammy Centimole
Chairperson:Tracy Troisi

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,729,485
TOTAL INVESTMENTS 6,602,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 834,487
 Other Loans 0
 TOTAL LOANS 834,487
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -67,671
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 58,901
 All Other Assets 31,605
  TOTAL ASSETS 9,188,807
LIABILITIES & CAPITAL:  
 Dividends Payable 3,255
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 11,706
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 7,259,361
 All Other Shares & Deposits 113,809
  TOTAL SHARES & DEPOSITS 7,373,170
  TOTAL LIABILITIES 7,388,131
 Regular Reserve 26,063
 Other Reserves 0
 Undivided Earnings 1,774,613
  TOTAL EQUITY 1,800,676
  TOTAL LIABILITIES, SHARES, & EQUITY 9,188,807
INCOME & EXPENSE  
 Loan Income 37,270
 Investment Income 27,667
 Other Income 382
 Total Employee Compensation & Benefits 64,498
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,879
 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 2,654
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -61,140
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