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 |
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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 |
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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 |
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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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