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CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION

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.


ABA Routing Number: 211180010
Name:CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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