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National Credit Union Service Organization

SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION

Dec, 31, 2022 — SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION is a federal credit union headquartered in EAST BRUNSWICK, NJ with 1 branch location and about $41.64 million in total assets. Opened 84 years ago in 1939, SOUTHERN MIDDLESEX CO TCHRS FEDERAL CREDIT UNION has about 2,999 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:https://www.myfavoritecu.com
Branches:1 branch locations
Members:2,999
Credit Union Type:Federal Credit Union
Charter Number:3126
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1939
Last Audited:Mar 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$41,643,490
CEO/Manager:LYNNE S FRITZ
Chairperson:LINDA FEKETE

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,012,909
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,683,397
 Unsecured Loans 852,132
 Other Loans 2,019,107
 TOTAL LOANS 10,554,636
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -87,943
 Land And Building 35,046
 Other Fixed Assets 6,878
 NCUSIF Deposit 373,866
 All Other Assets 0
  TOTAL ASSETS 41,643,490
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 30,431
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,779,776
 Regular shares 16,394,205
 All Other Shares & Deposits 17,228,539
  TOTAL SHARES & DEPOSITS 39,402,520
  TOTAL LIABILITIES 39,432,951
 Regular Reserve 0
 Other Reserves -1,848,955
 Undivided Earnings 4,059,494
  TOTAL EQUITY 2,210,539
  TOTAL LIABILITIES, SHARES, & EQUITY 41,643,490
INCOME & EXPENSE  
 Loan Income 313,259
 Investment Income 214,458
 Other Income 16,696
 Total Employee Compensation & Benefits 243,083
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 213,402
 Non-operating Income & (Expense) 45,243
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -9,213
 Cost of Funds 38,366
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 104,018
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