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BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGEPORT, CT with 1 branch location and about $32.06 million in total assets. Opened 65 years ago in 1959, BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION has about 3,862 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
45 LYON TER, ROOM #21
BRIDGEPORT, CT 06604
Phone:(203) 576-7280
Fax:(203) 576-8374
Website:n/a
Branches:1 branch locations
Members:3,862
Credit Union Type:Federal Credit Union
Charter Number:13040
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1959
Last Audited:Oct 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$32,061,056
CEO/Manager:Carl A Skudlarek
Chairperson:John Colligan

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,314,609
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,775,549
 Unsecured Loans 1,945,366
 Other Loans 5,361,956
 TOTAL LOANS 11,082,871
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,000
 Land And Building 0
 Other Fixed Assets 33,087
 NCUSIF Deposit 231,994
 All Other Assets 0
  TOTAL ASSETS 32,061,056
LIABILITIES & CAPITAL:  
 Dividends Payable 3,497
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 145,208
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,952,954
 Regular shares 15,048,061
 All Other Shares & Deposits 7,515,109
  TOTAL SHARES & DEPOSITS 24,516,124
  TOTAL LIABILITIES 24,664,829
 Regular Reserve 0
 Other Reserves 612,696
 Undivided Earnings 6,783,531
  TOTAL EQUITY 7,396,227
  TOTAL LIABILITIES, SHARES, & EQUITY 32,061,056
INCOME & EXPENSE  
 Loan Income 459,253
 Investment Income 167,367
 Other Income 6,739
 Total Employee Compensation & Benefits 550,038
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 176,479
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 44,575
 Cost of Funds 16,009
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 175,436
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