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 |
| 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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