Mar, 31, 2022 — CRIERS FEDERAL CREDIT UNION is a federal credit union headquartered in MONROE TOWNSHIP, NJ with 1 branch location and about $2.32 million in total assets. Opened 76 years ago in 1946, CRIERS FEDERAL CREDIT UNION has about 168 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) | 665C Azalea Plz MONROE TOWNSHIP, NJ 08831-5214 |
| Phone: | (609) 655-1510 |
| Fax: | (609) 655-1508 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 168 |
| 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: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,322,922 |
| CEO/Manager: | Laurence Schreck |
| Chairperson: | Arthur Galinsky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 182,204 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 865 |
| Other Loans | 219,877 |
| TOTAL LOANS | 220,742 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,831 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 18,562 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,322,922 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,753 |
| 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 | 1,936,579 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,936,579 |
| TOTAL LIABILITIES | 1,941,332 |
| Regular Reserve | 0 |
| Other Reserves | 254,796 |
| Undivided Earnings | 126,794 |
| TOTAL EQUITY | 381,590 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,322,922 |
| INCOME & EXPENSE | |
| Loan Income | 1,967 |
| Investment Income | 20,998 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,737 |
| Non-operating Income & (Expense) | 200 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,831 |
| Cost of Funds | 4,753 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,844 |
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