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SAKER SHOP RITE FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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