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 |
| 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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