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COMMUNITY HEALTHCARE CREDIT UNION

Dec, 31, 2023 — COMMUNITY HEALTHCARE CREDIT UNION is a federally insured state chartered credit union headquartered in MANCHESTER, CT with 1 branch location and about $16.21 million in total assets. Opened 65 years ago in 1959, COMMUNITY HEALTHCARE CREDIT UNION has about 2,350 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 HEALTHCARE CREDIT UNION
Address:
(Main Office)
48 Haynes ST
MANCHESTER, CT 06040
Phone:(860) 643-3420
Fax:(860) 643-3428
Website:https://www.chcu.org
Branches:1 branch locations
Members:2,350
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60247
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1959
Last Audited:Aug 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$16,214,272
CEO/Manager:Lisa Vitkus
Chairperson:Robin Murdock-Meggers

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 791,315
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,819,920
 Unsecured Loans 2,821,483
 Other Loans 7,245,667
 TOTAL LOANS 12,887,070
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -70,438
 Land And Building 180,670
 Other Fixed Assets 17,013
 NCUSIF Deposit 156,575
 All Other Assets 0
  TOTAL ASSETS 16,214,272
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 28,405
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,784,081
 Regular shares 11,836,106
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 14,620,187
  TOTAL LIABILITIES 14,648,592
 Regular Reserve 0
 Other Reserves 1,323,899
 Undivided Earnings 241,781
  TOTAL EQUITY 1,565,680
  TOTAL LIABILITIES, SHARES, & EQUITY 16,214,272
INCOME & EXPENSE  
 Loan Income 708,705
 Investment Income 207,001
 Other Income 198,776
 Total Employee Compensation & Benefits 306,904
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 477,520
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 107,570
 Cost of Funds 16,357
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 253,990
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