Dec, 31, 2023 — SOUNDVIEW FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in BETHEL, CT with 3 branch locations and about $74.34 million in total assets. Opened 44 years ago in 1980, SOUNDVIEW FINANCIAL CREDIT UNION has about 6,189 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUNDVIEW FINANCIAL CREDIT UNION |
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Address: (Main Office) | 14 Research Drive BETHEL, CT 06810 |
Phone: | (203) 796-4500 |
Fax: | (203) 791-3225 |
Website: | https://www.soundviewfcu.org |
Branches: | 3 branch locations |
Members: | 6,189 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68620 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1980 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $74,341,842 |
CEO/Manager: | Sabrina DeFazio |
Chairperson: | Maciej Milewski |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,448,795 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,723,709 |
Unsecured Loans | 5,374,921 |
Other Loans | 13,202,980 |
TOTAL LOANS | 45,301,610 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -471,434 |
Land And Building | 0 |
Other Fixed Assets | 420,356 |
NCUSIF Deposit | 693,579 |
All Other Assets | 0 |
TOTAL ASSETS | 74,341,842 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,448,052 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,299,660 |
Regular shares | 32,180,779 |
All Other Shares & Deposits | 15,471,993 |
TOTAL SHARES & DEPOSITS | 65,952,432 |
TOTAL LIABILITIES | 67,400,484 |
Regular Reserve | 0 |
Other Reserves | 2,881,285 |
Undivided Earnings | 4,060,073 |
TOTAL EQUITY | 6,941,358 |
TOTAL LIABILITIES, SHARES, & EQUITY | 74,341,842 |
INCOME & EXPENSE | |
Loan Income | 1,765,962 |
Investment Income | 580,127 |
Other Income | 193,210 |
Total Employee Compensation & Benefits | 1,239,833 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,042,130 |
Non-operating Income & (Expense) | 10,211 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 182,862 |
Cost of Funds | 225,352 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 68,033 |
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