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SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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