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SAKER SHOP RITE FEDERAL CREDIT UNION

Jun, 30, 2024 — SAKER SHOP RITE FEDERAL CREDIT UNION is a federal credit union headquartered in NEPTUNE, NJ with 1 branch location and about $9.21 million in total assets. Opened 62 years ago in 1962, SAKER SHOP RITE FEDERAL CREDIT UNION has about 1,634 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) 431-4105
Fax:
Website:n/a
Branches:1 branch locations
Members:1,634
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:$9,212,179
CEO/Manager:Tammy Centimole
Chairperson:Tracy Troisi

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,016,694
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 855,622
 Other Loans 0
 TOTAL LOANS 855,622
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -42,321
 Land And Building 0
 Other Fixed Assets 1,285
 NCUSIF Deposit 68,882
 All Other Assets 0
  TOTAL ASSETS 9,212,179
LIABILITIES & CAPITAL:  
 Dividends Payable 3,158
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 38,862
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,457,835
 All Other Shares & Deposits 863,162
  TOTAL SHARES & DEPOSITS 7,320,997
  TOTAL LIABILITIES 7,363,017
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,849,162
  TOTAL EQUITY 1,849,162
  TOTAL LIABILITIES, SHARES, & EQUITY 9,212,179
INCOME & EXPENSE  
 Loan Income 102,359
 Investment Income 77,301
 Other Income 1,909
 Total Employee Compensation & Benefits 174,546
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 38,703
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,781
 Cost of Funds 8,118
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -9,154
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