Dec, 31, 2023 — CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION is a federal credit union headquartered in WETHERSFIELD, CT with 1 branch location and about $13.88 million in total assets. Opened 85 years ago in 1939, CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION has about 1,255 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION |
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Address: (Main Office) | 200 Folly Brook Blvd WETHERSFIELD, CT 06109 |
Phone: | (860) 263-6500 |
Fax: | (860) 263-6508 |
Website: | https://ctlaborfcu.com |
Branches: | 1 branch locations |
Members: | 1,255 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3544 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,876,381 |
CEO/Manager: | NICOLE FOLLACCHIO |
Chairperson: | Teresa Kowalski |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,917,117 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 71,960 |
Unsecured Loans | 879,078 |
Other Loans | 2,300,586 |
TOTAL LOANS | 3,251,624 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,576 |
Land And Building | 0 |
Other Fixed Assets | 23,055 |
NCUSIF Deposit | 135,564 |
All Other Assets | 0 |
TOTAL ASSETS | 13,876,381 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -298,853 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 948,740 |
Regular shares | 9,965,762 |
All Other Shares & Deposits | 1,085,915 |
TOTAL SHARES & DEPOSITS | 12,000,417 |
TOTAL LIABILITIES | 11,701,564 |
Regular Reserve | 0 |
Other Reserves | 46,871 |
Undivided Earnings | 2,127,946 |
TOTAL EQUITY | 2,174,817 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,876,381 |
INCOME & EXPENSE | |
Loan Income | 195,262 |
Investment Income | 287,061 |
Other Income | 76,804 |
Total Employee Compensation & Benefits | 194,170 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 201,964 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 25,770 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 137,223 |
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