Dec, 31, 2023 — ACHIEVE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in BERLIN, CT with 3 branch locations and about $192.48 million in total assets. Opened 70 years ago in 1954, ACHIEVE FINANCIAL CREDIT UNION has about 17,859 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACHIEVE FINANCIAL CREDIT UNION |
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Address: (Main Office) | 279 New Britain Rd BERLIN, CT 06037 |
Phone: | (860) 828-2790 |
Fax: | (860) 828-6080 |
Website: | https://www.achievefinancialcu.com |
Branches: | 3 branch locations |
Members: | 17,859 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61256 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $192,475,801 |
CEO/Manager: | Andrew J Klimkoski |
Chairperson: | John R Fredericks |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,994,899 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 45,968,814 |
Unsecured Loans | 19,423,646 |
Other Loans | 67,139,951 |
TOTAL LOANS | 132,532,411 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,779,128 |
Land And Building | 4,956,145 |
Other Fixed Assets | 1,098,182 |
NCUSIF Deposit | 1,662,337 |
All Other Assets | 0 |
TOTAL ASSETS | 192,475,801 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 18,300,000 |
Accounts Payable & Other Liabilities | 1,537,310 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 34,895,529 |
Regular shares | 63,747,177 |
All Other Shares & Deposits | 62,879,418 |
TOTAL SHARES & DEPOSITS | 161,522,128 |
TOTAL LIABILITIES | 181,359,438 |
Regular Reserve | 0 |
Other Reserves | -1,856,848 |
Undivided Earnings | 12,973,211 |
TOTAL EQUITY | 11,116,363 |
TOTAL LIABILITIES, SHARES, & EQUITY | 192,475,801 |
INCOME & EXPENSE | |
Loan Income | 7,742,326 |
Investment Income | 737,670 |
Other Income | 1,381,908 |
Total Employee Compensation & Benefits | 2,822,571 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,207,567 |
Non-operating Income & (Expense) | 520,848 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 920,575 |
Cost of Funds | 2,161,964 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 937,333 |
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