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SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION

Jun, 30, 2021 — SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION is a federal credit union headquartered in East Brunswick, NJ with 1 branch location and about $42.83 million in total assets. Opened 82 years ago in 1939, SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION has about 3,114 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: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:3,114
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:$42,832,881
CEO/Manager:LYNNE S FRITZ
Chairperson:LINDA FEKETE

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,978,482
TOTAL INVESTMENTS 23,299,449
Loans Held for Sale 0
 
 Real Estate Loans 6,729,011
 Unsecured Loans 862,747
 Other Loans 1,497,429
 TOTAL LOANS 9,089,187
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -80,118
 Land And Building 39,025
 Other Fixed Assets 11,658
 NCUSIF Deposit 352,213
 All Other Assets 142,985
  TOTAL ASSETS 42,832,881
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 37,194
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,193,521
 Regular shares 16,714,414
 All Other Shares & Deposits 16,857,733
  TOTAL SHARES & DEPOSITS 38,765,668
  TOTAL LIABILITIES 38,802,862
 Regular Reserve 331,464
 Other Reserves 218,787
 Undivided Earnings 3,479,768
  TOTAL EQUITY 4,030,019
  TOTAL LIABILITIES, SHARES, & EQUITY 42,832,881
INCOME & EXPENSE  
 Loan Income 195,716
 Investment Income 160,879
 Other Income 3,191
 Total Employee Compensation & Benefits 200,033
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 132,666
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -7,431
 Cost of Funds 29,543
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 68,981
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