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SAKER SHOP RITE FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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