Dec, 31, 2021 — SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION is a federal credit union headquartered in EAST BRUNSWICK, NJ with 1 branch location and about $41.72 million in total assets. Opened 83 years ago in 1939, SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION has about 3,037 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 39 Brunswick Woods Dr EAST BRUNSWICK, NJ 08816-5601 |
| Phone: | (732) 238-8662 |
| Fax: | (732) 238-8628 |
| Website: | http://www.myfavoritecu.com |
| Branches: | 1 branch locations |
| Members: | 3,037 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3126 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,719,987 |
| CEO/Manager: | LYNNE S FRITZ |
| Chairperson: | LINDA FEKETE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,338,089 |
| TOTAL INVESTMENTS | 26,958,213 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,622,121 |
| Unsecured Loans | 935,760 |
| Other Loans | 1,415,338 |
| TOTAL LOANS | 8,973,219 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,480 |
| Land And Building | 37,433 |
| Other Fixed Assets | 9,631 |
| NCUSIF Deposit | 352,213 |
| All Other Assets | 127,669 |
| TOTAL ASSETS | 41,719,987 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,423 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,958,603 |
| Regular shares | 16,240,165 |
| All Other Shares & Deposits | 16,663,004 |
| TOTAL SHARES & DEPOSITS | 37,861,772 |
| TOTAL LIABILITIES | 37,892,195 |
| Regular Reserve | 331,464 |
| Other Reserves | -127,684 |
| Undivided Earnings | 3,624,012 |
| TOTAL EQUITY | 3,827,792 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,719,987 |
| INCOME & EXPENSE | |
| Loan Income | 392,172 |
| Investment Income | 298,148 |
| Other Income | 9,125 |
| Total Employee Compensation & Benefits | 378,803 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 262,546 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,294 |
| Cost of Funds | 51,583 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 213,224 |
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