Dec, 31, 2023 — RUTGERS FEDERAL CREDIT UNION is a federal credit union headquartered in New Brunswick, NJ with 3 branch locations and about $87.34 million in total assets. Opened 70 years ago in 1954, RUTGERS FEDERAL CREDIT UNION has about 6,889 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RUTGERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 98 College Ave New Brunswick, NJ 08901-1149 |
| Phone: | (732) 932-7645 |
| Fax: | (732) 932-7648 |
| Website: | https://www.rutgersfcu.org |
| Branches: | 3 branch locations |
| Members: | 6,889 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9237 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $87,343,295 |
| CEO/Manager: | Marie Holowka-Bedatsky |
| Chairperson: | Terry Matilsky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,937,911 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,341,006 |
| Unsecured Loans | 3,947,660 |
| Other Loans | 12,160,340 |
| TOTAL LOANS | 26,449,006 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,654,106 |
| Land And Building | 0 |
| Other Fixed Assets | 3,435 |
| NCUSIF Deposit | 779,239 |
| All Other Assets | 197,625 |
| TOTAL ASSETS | 87,343,295 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,088,311 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,318,223 |
| Regular shares | 39,744,971 |
| All Other Shares & Deposits | 18,851,714 |
| TOTAL SHARES & DEPOSITS | 78,914,908 |
| TOTAL LIABILITIES | 80,003,219 |
| Regular Reserve | 0 |
| Other Reserves | 2,130,183 |
| Undivided Earnings | 5,209,893 |
| TOTAL EQUITY | 7,340,076 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 87,343,295 |
| INCOME & EXPENSE | |
| Loan Income | 1,274,910 |
| Investment Income | 710,330 |
| Other Income | 673,071 |
| Total Employee Compensation & Benefits | 1,026,761 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,341,833 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 159,128 |
| Cost of Funds | 108,935 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 271,236 |
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