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CRIERS FEDERAL CREDIT UNION

Mar, 31, 2021 — CRIERS FEDERAL CREDIT UNION is a federal credit union headquartered in Monroe Township, NJ with 1 branch location and about $2.29 million in total assets. Opened 75 years ago in 1946, CRIERS FEDERAL CREDIT UNION has about 182 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CRIERS FEDERAL CREDIT UNION
Address:
(Main Office)
665-C Azalea Plaza
Monroe Township, NJ 08831
Phone:(609) 655-1510
Fax:(609) 655-1508
Website:n/a
Branches:1 branch locations
Members:182
Credit Union Type:Federal Credit Union
Charter Number:5321
Membership Type:Associational - Religious, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1946
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,290,438
CEO/Manager:Laurence Schreck
Chairperson:Arthur Galinsky

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 240,139
TOTAL INVESTMENTS 1,827,075
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 5,351
 Other Loans 221,583
 TOTAL LOANS 226,934
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,385
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 15,675
 All Other Assets 0
  TOTAL ASSETS 2,290,438
LIABILITIES & CAPITAL:  
 Dividends Payable 5,814
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,916,580
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,916,580
  TOTAL LIABILITIES 1,922,394
 Regular Reserve 254,797
 Other Reserves 0
 Undivided Earnings 113,247
  TOTAL EQUITY 368,044
  TOTAL LIABILITIES, SHARES, & EQUITY 2,290,438
INCOME & EXPENSE  
 Loan Income 2,469
 Investment Income 7,525
 Other Income 115
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,434
 Non-operating Income & (Expense) 200
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,814
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,061
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