Dec, 31, 2023 — RIEGEL FEDERAL CREDIT UNION is a federal credit union headquartered in MILFORD, NJ with 4 branch locations and about $168.86 million in total assets. Opened 64 years ago in 1960, RIEGEL FEDERAL CREDIT UNION has about 8,310 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIEGEL FEDERAL CREDIT UNION |
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Address: (Main Office) | 515 Milford Warren Glen Rd MILFORD, NJ 08848-1881 |
Phone: | (908) 995-2326 |
Fax: | (908) 995-2508 |
Website: | https://www.riegelfcu.org |
Branches: | 4 branch locations |
Members: | 8,310 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13944 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $168,864,067 |
CEO/Manager: | Scott Husted |
Chairperson: | David Szwec |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,309,768 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,740,779 |
Unsecured Loans | 8,243,351 |
Other Loans | 17,304,064 |
TOTAL LOANS | 47,457,130 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -287,495 |
Land And Building | 412,031 |
Other Fixed Assets | 525,349 |
NCUSIF Deposit | 1,431,983 |
All Other Assets | 0 |
TOTAL ASSETS | 168,864,067 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 762,743 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,214,953 |
Regular shares | 95,911,542 |
All Other Shares & Deposits | 28,508,876 |
TOTAL SHARES & DEPOSITS | 151,635,370 |
TOTAL LIABILITIES | 152,398,113 |
Regular Reserve | 0 |
Other Reserves | 2,884,355 |
Undivided Earnings | 13,581,599 |
TOTAL EQUITY | 16,465,954 |
TOTAL LIABILITIES, SHARES, & EQUITY | 168,864,067 |
INCOME & EXPENSE | |
Loan Income | 2,528,897 |
Investment Income | 1,999,149 |
Other Income | 141,211 |
Total Employee Compensation & Benefits | 2,150,338 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,819,962 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 497,000 |
Cost of Funds | 507,705 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 272,183 |
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