Dec, 31, 2023 — COMMUNITY CREDIT UNION OF NEW MILFORD, INC. is a federally insured state chartered credit union headquartered in NEW MILFORD, CT with 2 branch locations and about $15.17 million in total assets. Opened 65 years ago in 1959, COMMUNITY CREDIT UNION OF NEW MILFORD, INC. has about 1,965 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: | COMMUNITY CREDIT UNION OF NEW MILFORD, INC. |
|---|---|
| Address: (Main Office) | 145C Danbury Rd NEW MILFORD, CT 06776 |
| Phone: | (860) 210-0777 |
| Fax: | (860) 210-0757 |
| Website: | https://www.ccunm.org |
| Branches: | 2 branch locations |
| Members: | 1,965 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61261 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,166,090 |
| CEO/Manager: | John Kmetz |
| Chairperson: | Martin Landgrebe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 798,629 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,575,964 |
| Unsecured Loans | 571,460 |
| Other Loans | 4,981,552 |
| TOTAL LOANS | 7,128,977 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,801 |
| Land And Building | 2,411 |
| Other Fixed Assets | 5,559 |
| NCUSIF Deposit | 144,545 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,166,090 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -25,304 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,594,608 |
| Regular shares | 9,083,879 |
| All Other Shares & Deposits | 432,294 |
| TOTAL SHARES & DEPOSITS | 14,110,781 |
| TOTAL LIABILITIES | 14,085,477 |
| Regular Reserve | 0 |
| Other Reserves | 476,143 |
| Undivided Earnings | 604,470 |
| TOTAL EQUITY | 1,080,613 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,166,090 |
| INCOME & EXPENSE | |
| Loan Income | 357,023 |
| Investment Income | 91,725 |
| Other Income | 150,750 |
| Total Employee Compensation & Benefits | 233,743 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 273,910 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,829 |
| Cost of Funds | 7,498 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 86,312 |
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