Dec, 31, 2023 — SAKER SHOP RITE FEDERAL CREDIT UNION is a federal credit union headquartered in NEPTUNE, NJ with 1 branch location and about $8.29 million in total assets. Opened 62 years ago in 1962, SAKER SHOP RITE FEDERAL CREDIT UNION has about 1,538 members and employs 5 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) 774-4798 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,538 |
| 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: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,293,008 |
| CEO/Manager: | TAMMY CENTIMOLE |
| Chairperson: | Tracy Troisi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 233,451 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 910,383 |
| Other Loans | 0 |
| TOTAL LOANS | 910,383 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,351 |
| Land And Building | 0 |
| Other Fixed Assets | 761 |
| NCUSIF Deposit | 67,045 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,293,008 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,904 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,389 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,076,287 |
| All Other Shares & Deposits | 373,450 |
| TOTAL SHARES & DEPOSITS | 6,449,738 |
| TOTAL LIABILITIES | 6,482,031 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,810,977 |
| TOTAL EQUITY | 1,810,977 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,293,008 |
| INCOME & EXPENSE | |
| Loan Income | 139,878 |
| Investment Income | 126,526 |
| Other Income | 6,787 |
| Total Employee Compensation & Benefits | 191,404 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 62,620 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 57,685 |
| Cost of Funds | 15,599 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,836 |
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