Dec, 31, 2023 — ASA FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMFIELD, CT with 1 branch location and about $10.84 million in total assets. Opened 51 years ago in 1973, ASA FEDERAL CREDIT UNION has about 1,140 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ASA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 Regency Dr BLOOMFIELD, CT 06002-2310 |
Phone: | (860) 243-9571 |
Fax: | (860) 242-0650 |
Website: | https://www.asafcu.com |
Branches: | 1 branch locations |
Members: | 1,140 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21190 |
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Membership Type: | Multiple common bond - Primarily transportation equipment |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,836,199 |
CEO/Manager: | Janet L Anderson |
Chairperson: | Frank Stawski |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,465,615 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,118,623 |
Other Loans | 2,662,373 |
TOTAL LOANS | 3,780,996 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,179 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 98,944 |
All Other Assets | 0 |
TOTAL ASSETS | 10,836,199 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,335 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,308 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,340,133 |
Regular shares | 7,088,457 |
All Other Shares & Deposits | 1,596,214 |
TOTAL SHARES & DEPOSITS | 10,024,804 |
TOTAL LIABILITIES | 10,028,447 |
Regular Reserve | 0 |
Other Reserves | 165,804 |
Undivided Earnings | 641,948 |
TOTAL EQUITY | 807,752 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,836,199 |
INCOME & EXPENSE | |
Loan Income | 263,718 |
Investment Income | 131,598 |
Other Income | 17,380 |
Total Employee Compensation & Benefits | 163,771 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 157,288 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 74,535 |
Cost of Funds | 15,893 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 31,550 |
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